Amount$12M
Post-money valuation$40M
SeriesSeed
AnnouncedJan 20, 2008
SectorMobility, Navigation
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Seed round (4.3× the median) — an outlier.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Mobility, Navigation (7)
Round size in sector29th pct
$4Mthis round: $12M$50M
