# Affirmed Networks funding: rounds and investors

> Affirmed Networks has raised $207M across 7 rounds since 2010. Investors include CRV, Matrix Partners and Lightspeed Venture Partners.

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

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

# Who invested in *Affirmed Networks*

7 rounds we have observed, with the 10 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.

Telecoms Consumer Apps

Funding summary Updated 26 Oct 2026

**$207M** raised across 7 rounds since 2010, from 7 sources

**$11M** Series A **$1.7M** Venture **$1.4M** Venture **$52M** Growth **$52M** Series B **$51M** Series C **$38M** Round

- **Latest round:** Round, $38M Feb 2019
- **Biggest round:** $52M Growth · Nov 2012
- **Investors:** 10

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.

2010 2012 2014 2016 2018

**$11M** Series A

**$1.7M** Venture

**$1.4M** Venture

**$52M** Growth

**$52M** Series B

**$38M** Round

- **First round:** Series A, $11M
- **Biggest round:** $52M
- **Usual gap between rounds:** 7 months

## The rounds

- **Feb 2019** Round **$38M** *2 new* [Eastward Capital](https://millionrounds.com/fund/eastward-capital) Centerview Capital Technology/ Qualcomm Reported by FinSMEs SEC filing: $38M sold, first sale Feb 2019
- **Jun 2013** Series C **$51M** *2 new* *5 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [CRV](https://millionrounds.com/fund/crv) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Deutsche Telekom Strategic Investments](https://millionrounds.com/fund/deutsche-telekom-strategic-investments-2) [Vodafone](https://millionrounds.com/fund/vodafone-ventures) KCK Group Reported by finsmes.com SEC filing: $49M sold, first sale May 2013
- **Nov 2012** Growth **$52M** *3 new* *2 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [CRV](https://millionrounds.com/fund/crv) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Deutsche Telekom Strategic Investments](https://millionrounds.com/fund/deutsche-telekom-strategic-investments-2) [Vodafone](https://millionrounds.com/fund/vodafone-ventures) Reported by pandodaily.com
- **Nov 2012** Series B **$52M** *1 new* *4 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [CRV](https://millionrounds.com/fund/crv) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Vodafone](https://millionrounds.com/fund/vodafone-ventures) [T-Venture](https://millionrounds.com/fund/t-venture) From a historical funding record
- **Aug 2011** Venture **$1.4M** No investor was named in the report. Reported by masshightech.com SEC filing: $1.4M sold, first sale Aug 2011
- **Jan 2011** Venture **$1.7M** No investor was named in the report. Reported by masshightech.com SEC filing: $1.7M sold, first sale Dec 2010
- **Jun 2010** Series A **$11M** *2 new* [CRV](https://millionrounds.com/fund/crv) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) Reported by venturebeat.com SEC filing: $11M sold, first sale Jun 2010

## Founders and team

From the SEC filings it signed: 3 on the team.

- **Denis Cashman** Executive Officer i
- **George Hale** Executive Officer i
- **Hassan Ahmed** Executive Officer, Director i

On the board, as filed i *Cathy Graham* *Edward Hooper* *Jon Auerbach* *Nael Kassar* *Robert Goodman* *Steven Elfman* *Timothy Barrows*

## 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** 2010 **Venture** 2011 **Venture** 2011 **Growth** 2012 **Series B** 2012 **Series C** 2013 **Round** 2019 [CRV](https://millionrounds.com/fund/crv) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Vodafone](https://millionrounds.com/fund/vodafone-ventures) [Deutsche Telekom Strategic Investments](https://millionrounds.com/fund/deutsche-telekom-strategic-investments-2) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [T-Venture](https://millionrounds.com/fund/t-venture) [Eastward Capital](https://millionrounds.com/fund/eastward-capital) Centerview Capital Technology/ Qualcomm KCK Group

## The exit

Exit Buyer Price When

Acquired [Microsoft](https://millionrounds.com/fund/microsoft) $1.4B Mar 2020

From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=affirmed-networks).

## Everyone who backed them

[CRV](https://millionrounds.com/fund/crv) VC firm **4** rounds

[Matrix Partners](https://millionrounds.com/fund/matrix-partners) VC firm **4** rounds

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **3** rounds

[Vodafone](https://millionrounds.com/fund/vodafone-ventures) VC firm **3** rounds

[Deutsche Telekom Strategic Investments](https://millionrounds.com/fund/deutsche-telekom-strategic-investments-2) Investment firm **2** rounds

[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **1** round

[T-Venture](https://millionrounds.com/fund/t-venture) VC firm **1** round

[Eastward Capital](https://millionrounds.com/fund/eastward-capital) Company **1** round

Centerview Capital Technology/ Qualcomm no record of our own yet **1** round

KCK Group 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=affirmed-networks).

## Also claim to have backed them

This firm lists Affirmed Networks 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.

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

## Quick answers about Affirmed Networks

### Who invested in Affirmed Networks?

Affirmed Networks's investors include CRV, Matrix Partners, Lightspeed Venture Partners, Vodafone and Deutsche Telekom Strategic Investments, and 5 more on record.

### How much has Affirmed Networks raised?

Affirmed Networks has raised $207M across 7 rounds since 2010.

### When did Affirmed Networks last raise?

Affirmed Networks's most recent round was an Undisclosed round of $38M in Feb 2019.

### What was Affirmed Networks's biggest round?

Affirmed Networks's largest round on record is $52M (Growth), in Nov 2012.

### Who backed Affirmed Networks first?

Affirmed Networks's first round on record, in Jun 2010, was backed by CRV and Matrix Partners.

### What stage is Affirmed Networks at?

Affirmed Networks's latest named round is an Undisclosed round, in Feb 2019.

### Where is Affirmed Networks based?

Affirmed Networks is based in the United States.

## Companies like Affirmed Networks

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

[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**Qualitate** $32M · Oct 2026](https://millionrounds.com/company/qualitate)[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Arena** $401M · Oct 2026](https://millionrounds.com/company/arena)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)

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