# A5X funding: rounds and investors > A5X has raised $108M across 2 rounds since 2025. Investors include Goldman Sachs, Morgan Stanley Investment Management and Kaszek Ventures. Source: https://millionrounds.com/company/a5x (Millionrounds; every figure on the page links to its filing or article) Brazil · [Series D startup](https://millionrounds.com/companies) # Who invested in *A5X* 2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Fintech Raised 2 months ago Follow A5X and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fa5x) Funding summary Updated 5 Nov 2026 **$108M** raised across 2 rounds since 2025, from 3 sources **$38M** Series C **$70M** Series D - **Latest round:** Series D, $70M Sept 2026 - **Led by:** Goldman Sachs and Morgan Stanley Investment Management and 1 more - **Step-up i:** 1.9× - **Investors:** 9 (3 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$38M** Series C **$70M** Series D - **First round:** Series C, $38M - **Biggest round:** $70M - **Between rounds:** 12 months ## The rounds - **Sept 2026** Series D **$70M** *9 new* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Lead [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Lead [Kaszek Ventures](https://millionrounds.com/fund/kaszek) Lead [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) [XTX Ventures](https://millionrounds.com/fund/xtx-markets) [XP](https://millionrounds.com/fund/xp) [IMC](https://millionrounds.com/fund/imc) [Jump Trading](https://millionrounds.com/fund/jump-trading) [Optiver Principal Strategic Investments](https://millionrounds.com/fund/optiver) Reported by LatamList - **Sept 2025** Series C **$38M** No investor was named in the report. Reported by LatamList and 1 other ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series C** 2025 **Series D** 2026 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) L [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) L [Kaszek Ventures](https://millionrounds.com/fund/kaszek) L [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) [XTX Ventures](https://millionrounds.com/fund/xtx-markets) [XP](https://millionrounds.com/fund/xp) [IMC](https://millionrounds.com/fund/imc) [Jump Trading](https://millionrounds.com/fund/jump-trading) [Optiver Principal Strategic Investments](https://millionrounds.com/fund/optiver) ## Everyone who backed them [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round, led 1 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round, led 1 [Kaszek Ventures](https://millionrounds.com/fund/kaszek) VC firm **1** round, led 1 [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) Corporate VC **1** round [XTX Ventures](https://millionrounds.com/fund/xtx-markets) Company **1** round [XP](https://millionrounds.com/fund/xp) Investment firm **1** round [IMC](https://millionrounds.com/fund/imc) SME **1** round [Jump Trading](https://millionrounds.com/fund/jump-trading) Growth equity **1** round [Optiver Principal Strategic Investments](https://millionrounds.com/fund/optiver) Company **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=a5x). ## Also claim to have backed them This firm lists A5X as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [NUS Enterprise](https://millionrounds.com/fund/nus-enterprise) Company Per its own site ## Quick answers about A5X ### Who invested in A5X? A5X's investors include Goldman Sachs, Morgan Stanley Investment Management, Kaszek Ventures, ABN AMRO Fund and XTX Ventures, and 4 more on record. Goldman Sachs led its latest round. ### How much has A5X raised? A5X has raised $108M across 2 rounds since 2025. ### When did A5X last raise? A5X's most recent round was a Series D of $70M in Sept 2026, led by Goldman Sachs. ### What was A5X's biggest round? Its most recent round, $70M in Sept 2026, is also its largest on record. ### Who backed A5X first? A5X's first round on record, in Sept 2026, was backed by Goldman Sachs, Morgan Stanley Investment Management and Kaszek Ventures and 6 others. ### What stage is A5X at? A5X's latest named round is a Series D, in Sept 2026. ### Where is A5X based? A5X is based in Brazil. ### Who led A5X's rounds? Goldman Sachs led the Series D in 2026. ## Companies like A5X In the same sector, and raised in the last eighteen months. [**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**Cashbanx** $4.1M · Oct 2026](https://millionrounds.com/company/cashbanx)[**Agibank** $920M · Oct 2026](https://millionrounds.com/company/agibank)[**Asaas** $231M · Oct 2026](https://millionrounds.com/company/asaas)[**Stay** $8.3M · Oct 2026](https://millionrounds.com/company/stay)[**NG.CASH** $42M · Sept 2026](https://millionrounds.com/company/ng-cash) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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