# Affirm funding: rounds and investors

> Affirm has raised $1.7B across 6 rounds since 2014. Investors include Lightspeed Venture Partners, Khosla Ventures and GIC. Every round with its source.

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

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Affirm*

6 rounds we have observed, with the 18 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.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$1.7B** raised across 6 rounds since 2014, from 6 sources

**$45M** Series A **$275M** Series B **$100M** Round **$200M** Round **$300M** Series F **$750M** Debt

- **Latest round:** Debt, $750M Oct 2025
- **Step-up i:** 2.5×
- **Investors:** 18 (2 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.

2014 2016 2018 2020 2022 2024

**$45M** Series A

**$275M** Series B

**$100M** Round

**$200M** Round

**$300M** Series F

**$750M** Debt

- **First round:** Series A, $45M
- **Biggest round:** $750M
- **Usual gap between rounds:** 16 months

## The rounds

- **Oct 2025** Debt **$750M** *5 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Wellington Management](https://millionrounds.com/fund/wellington-management) Source recorded
- **Apr 2019** Series F **$300M** *8 new* *3 returning* [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Fidelity](https://millionrounds.com/fund/fidelity) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [GIC](https://millionrounds.com/fund/gic) [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [Spark](https://millionrounds.com/fund/spark-3) [Moore Asset Backed Fund](https://millionrounds.com/fund/moore-asset-backed-fund) Sound Reported by FinSMEs
- **Dec 2017** Round **$200M** *3 new* [GIC](https://millionrounds.com/fund/gic) Lead [Spark](https://millionrounds.com/fund/spark-3) GIC/ Khosla Reported by TechCrunch
- **Oct 2016** Round **$100M** *1 new* [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Reported by TechCrunch
- **May 2015** Series B **$275M** *3 new* *2 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Jefferies](https://millionrounds.com/fund/jefferies) From a historical funding record
- **Jun 2014** Series A **$45M** *3 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Nyca Partners](https://millionrounds.com/fund/nyca-partners) From a historical funding record

## 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 A** 2014 **Series B** 2015 **Round** 2016 **Round** 2017 **Series F** 2019 **Debt** 2025 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [GIC](https://millionrounds.com/fund/gic) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Spark](https://millionrounds.com/fund/spark-3) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) L [Spark Capital](https://millionrounds.com/fund/spark-capital) [Fidelity](https://millionrounds.com/fund/fidelity)

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **4** rounds

[Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **3** rounds

[GIC](https://millionrounds.com/fund/gic) Private equity **2** rounds, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **2** rounds

[Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **2** rounds

[Spark](https://millionrounds.com/fund/spark-3) Growth equity **2** rounds

[Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **1** round, led 1

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **1** round

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

[Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round

[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **1** round

[Nyca Partners](https://millionrounds.com/fund/nyca-partners) VC firm **1** round

[Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round

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

[Moore Asset Backed Fund](https://millionrounds.com/fund/moore-asset-backed-fund) Growth equity **1** round

GIC/ Khosla no record of our own yet **1** round

Sound no record of our own yet **1** round

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

## Also claim to have backed them

These 8 firms list Affirm 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.

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm Per its own site

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

[LeFrak](https://millionrounds.com/fund/lefrak) Private equity Per its own site

[Annox Capital](https://millionrounds.com/fund/annox-capital) VC firm Per its own site

[Todd Dagres](https://millionrounds.com/fund/todd-dagres) VC firm Per its own site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

[Saltwater Fund](https://millionrounds.com/fund/saltwater-fund) Investment firm Per its own site

[Summit Peak Investments](https://millionrounds.com/fund/summit-peak-investments) Fund of funds Per its own site

## Quick answers about Affirm

### Who invested in Affirm?

Affirm's investors include Lightspeed Venture Partners, Khosla Ventures, GIC, Andreessen Horowitz and Founders Fund, and 13 more on record.

### How much has Affirm raised?

Affirm has raised $1.7B across 6 rounds since 2014.

### When did Affirm last raise?

Affirm's most recent round was a Debt of $750M in Oct 2025.

### What was Affirm's biggest round?

Its most recent round, $750M in Oct 2025, is also its largest on record.

### Who backed Affirm first?

Affirm's first round on record, in Jun 2014, was backed by Lightspeed Venture Partners, Khosla Ventures and Nyca Partners.

### What stage is Affirm at?

Affirm's latest named round is a Debt, in Oct 2025.

### Where is Affirm based?

Affirm is based in the United States.

### Who led Affirm's rounds?

GIC led the Undisclosed round in 2017; Thrive Capital led the Series F in 2019.

## Companies like Affirm

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)

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