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Huge fan of the people behind Oxide as well as the concept behind the product. Can someone tell a layman like myself where a 44M Series A funding round lands am
by jjice 3y ago
Huge fan of the people behind Oxide as well as the concept behind the product. Can someone tell a layman like myself where a 44M Series A funding round lands among other Series A rounds? I was at a startup during 2021 and when we raised 25M, it was a big deal for us and seemingly huge. Compared to that 44M is insane. Is this notably high or is my frame of reference just small? Either way, I really look forward to seeing Oxide's progress going forward.
It's a company run by people who care and have cared for a long time, and they have all my faith.
- benjaminwootton 3y agoPeople raise those sorts of numbers for web apps all the time. It actually doesn’t sound that big for such a broad hardware and software company with long and high touch sales cycles ahead of them.
- twicetwice 3y agoDo they raise those sorts of numbers in series A, though? Other comments in this thread seem to suggest they've raised a surprisingly large amount of money for such an early stage of the typical fundraising process. If it is atypically high it would make sense to me—it's hardware which requires more up-front capital, and it's a rockstar team so I understand why investors would have confidence in them—but from what little I know about fundraising it does seem remarkable to me.