# Adverity funding: rounds and investors

> Adverity has raised $132M across 2 rounds since 2019. Investors include Felix Capital, Sapphire Ventures and Speedinvest. Every round with its source.

Source: https://millionrounds.com/company/adverity (Millionrounds; every figure on the page links to its filing or article)

Austria · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Adverity*

2 rounds we have observed, with the 5 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.

Big Data & Analytics

Funding summary Updated 26 Oct 2026

**$132M** raised across 2 rounds since 2019, from 2 sources

**$12M** Series B **$120M** Series D

- **Latest round:** Series D, $120M Aug 2021
- **Step-up i:** 9.7×
- **Investors:** 5 (1 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.

2020 2021

**$12M** Series B

**$120M** Series D

- **First round:** Series B, $12M
- **Biggest round:** $120M
- **Between rounds:** 2.3 years

## The rounds

- **Aug 2021** Series D **$120M** *2 new* *2 returning* [Speedinvest](https://millionrounds.com/fund/speedinvest) [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Felix Capital](https://millionrounds.com/fund/felix-capital) [42CAP](https://millionrounds.com/fund/42cap) Source recorded
- **Apr 2019** Series B **$12M** *3 new* [Felix Capital](https://millionrounds.com/fund/felix-capital) Lead [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [SAP.io Fund](https://millionrounds.com/fund/sap-io) Reported by TechCrunch

## Founders and team

From Adverity's own website: 4 on the team.

- **Alexander Igelsböck** Chief Executive Officer
- **Christina Schlesinger** Chief Revenue Officer
- **Martin Brunthaler** Chief Technology Officer
- **Maxime Raoul** Chief Financial Officer

## 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 B** 2019 **Series D** 2021 [Felix Capital](https://millionrounds.com/fund/felix-capital) L [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Speedinvest](https://millionrounds.com/fund/speedinvest) [42CAP](https://millionrounds.com/fund/42cap) [SAP.io Fund](https://millionrounds.com/fund/sap-io)

## Everyone who backed them

[Felix Capital](https://millionrounds.com/fund/felix-capital) VC firm **2** rounds, led 1

[Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) VC firm **2** rounds

[Speedinvest](https://millionrounds.com/fund/speedinvest) VC firm **1** round

[42CAP](https://millionrounds.com/fund/42cap) VC firm **1** round

[SAP.io Fund](https://millionrounds.com/fund/sap-io) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=adverity).

## Also claim to have backed them

These 3 firms list Adverity as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[aws Gründerfonds (aws Founders Fund)](https://millionrounds.com/fund/aws-grunderfonds-aws-founders-fund) VC firm Per its own site

[Gaia Ventures](https://millionrounds.com/fund/gaia-ventures-2) VC firm Per its own site

[SHAPE Capital Partners](https://millionrounds.com/fund/shape-capital-partners) Growth equity Per its own site

## Quick answers about Adverity

### Who invested in Adverity?

Adverity's investors include Felix Capital, Sapphire Ventures, Speedinvest, 42CAP and SAP.io Fund.

### How much has Adverity raised?

Adverity has raised $132M across 2 rounds since 2019.

### When did Adverity last raise?

Adverity's most recent round was a Series D of $120M in Aug 2021.

### What was Adverity's biggest round?

Its most recent round, $120M in Aug 2021, is also its largest on record.

### Who backed Adverity first?

Adverity's first round on record, in Apr 2019, was backed by Felix Capital, Sapphire Ventures and SAP.io Fund.

### What stage is Adverity at?

Adverity's latest named round is a Series D, in Aug 2021.

### Where is Adverity based?

Adverity is based in Austria.

### Who led Adverity's rounds?

Felix Capital led the Series B in 2019.

## Companies like Adverity

In the same sector, and raised in the last eighteen months.

[**Pimcore** $16M · Aug 2026](https://millionrounds.com/company/pimcore)[**SOMAREALITY** $6.2M · Jun 2026](https://millionrounds.com/company/somareality)[**Respory** $918K · Jun 2025](https://millionrounds.com/company/respory)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)

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