Top 10 Highest Seed Funding Startups to Know

Every startup requires funds to get ahead with its operational activities. Be it setting up a business plan or allocating salaries to the employees you have to raise capital at different stages. The level of financing determines the ability of the company to thrive and generate the revenue it has received to fund its operation. Not just businesses at their early stages but also the ones at their growth stage need more funds to sustain their growth and profits. You can now raise money from several investors through various seed funding platforms.?

However, the criteria for funding approvals are stringent and require you to demonstrate the potential to generate greater revenue in the future. This article will guide on what seed funding is and list 10 high seed funding companies in recent years.?

What is Seed Funding?

Seed funding is a form of investing in an early-stage business that is still developing its business plan, trying to create a customer base, and is in a trial stage. Such investments have proven advantageous for budding founders as they cover every financial requirement of the venture while imposing fewer risks on them. Seed funding can be done through several methods such as crowdfunding, angel investors, accelerators, VC funding, or incubators. To be eligible to receive seed funding, you must have a clear business plan and a stellar demonstration of company potential, market research, and financial projections. These funding options offer the investors considerable ownership rights toward the company.?

Evolution of Seed Funding

One of the earliest seed funding models was witnessed in the 2000s with the launch of the Amazon Web Series and it later became an exclusive funding method between 2006 and 2010. By 2020, at least 23,000 seed-funded companies came into operation in the US. Now there are multiple venture firms involved in seed funding that are similar to Series A. The seed funding received in 2020 from these investors ranged between $700,000 - $22 million. These investments receive no different treatment than that of Series A funding.

Top Seed Funding Companies in the Recent Years

Seed funding is the most crucial aspect of business development as it lays down the foundation for any company to perform and grow later in value. Here are 10 such companies that have raised high seed funds in recent times.

Trust Machines?

Trust Machines is a New York-based company, striving to construct an ecosystem of advanced applications and technology to bring out the potential of Bitcoin. They have raised $150 million so far through investors like Union Square Ventures and Breyer Capital.?

AndHealth

This startup is a virtual support center for patients with migraine and other medical conditions. They aim to offer medical care for clients using cyber technologies and reverse their conditions. Total funding of $57 million is received from Health 2047 Capital Partners, Twofold Ventures, and Kirkland & Ellis in their seed stage.

E-Space?

This company envisions making data available universally in a secure and accessible way. They aim to bring down space debris while also setting up a safe future for the coming generations. They use advanced technology to offer IoT services without interruptions across all communicative platforms. It has received a huge seed funding of $50 million, the highest in spatial technology led by Prime Movers Lab.

Aligned

Aligned is a web3 startup that aims to widen the scope of decentralized finances by processing huge sets of data. The primary focus is to eliminate technical limitations while delivering financial services. They have raised $34 million in their seed stage from investors like GSR, Altium Capital, and Cavalry Fund.

Lendai

Lendai has received $35 million in funds as a lender startup for real estate purchases based in the U.S. They employ AI algorithms to gather and source data from customers and manage them. Their primary investors are Meron Capital and Cardumen Capital along with a few other ventures leading the funding round.

BeatBread

BeatBread is a dream platform for any budding independent musician as it aims to provide opportunities to artists with potential. They also assist these artists in receiving royalties for their artwork. The seed funding round was led by Deciens Capital, raising around $34 million. The musicians have access to these funds and feel empowered to take up these ventures.

FlyCoin

FlyCoin is an innovative venture that uses blockchain and cryptocurrency to help evolve loyalty programs. Their primary focus is to offer advanced customer services through these programs and retain them. Their seed funding round helped them raise $33 million supported by investing firms like TenOneTen Ventures, Liquid 2, and 8VC.

Dash

As a fintech venture aiming to bring a digital alternative to cash transactions, Dash stays true to its name. Their mission is to make transactions and financial options available for everyone. They have received $32.8 million in funding through Insight Ventures, Global Founders Capital, and 4DX Ventures.?

Espresso Systems

This startup aims to build a web3 platform prioritizing privacy in the decentralized ecosystem. Their employment of shared Blockchain technology is expected to offer a more secure and scalable web platform for every user. Espresso Systems received $32 million from Greylock Partners, in association with Electric Capital.

Neo Cybernetica

The startup employs AI to demonstrate the potential of cybernetics technology. Neo Cybernetica has an efficient team of experts who have spent years researching robotics and AI. B5 Capital, Open Field Capital, and Cortical Ventures have led their seed round by investing $30 million to speed up the construction of this AI platform.

Summing Up

Many business ventures have benefited from seed funding to date. It helps them take off their business plan, hire more talents, and expand their workforce. We, at Eqvista offer services that help you secure funds by creating and managing your business valuation reports and also share insights that help your business grow. If you are wondering which assistance your business requires, join us on a consultation call!