# Alma funding: rounds and investors

> Alma has raised $286M across 4 rounds since 2018. Investors include First Round Capital, BoxGroup and Bpifrance. Every round with its source.

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

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

# Who invested in *Alma*

4 rounds we have observed, with the 12 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.

Biotech Financial Services Healthcare

Raised 11 months ago Valuation: $800M, Oct 2024

Funding summary Updated 26 Oct 2026

**$286M** raised across 4 rounds since 2018, from 4 sources

**$4.5M** Seed **$131M** Series C **$130M** Series D **$20M** Series A

- **Latest round:** Series A, $20M Dec 2025
- **Biggest round:** $131M Series C · Feb 2022
- **Investors:** 12 (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.

2019 2020 2021 2022 2023 2024 2025

**$4.5M** Seed

**$131M** Series C

**$130M** Series D

**$20M** Series A

- **First round:** Seed, $4.5M
- **Biggest round:** $131M
- **Usual gap between rounds:** 3.3 years

## The rounds

- **Dec 2025** Series A **$20M** *1 new* [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) Source recorded
- **Aug 2022** Series D **$130M** *3 new* *2 returning* [First Round Capital](https://millionrounds.com/fund/first-round-capital) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) [Optum Ventures](https://millionrounds.com/fund/optum-ventures) Source recorded
- **Feb 2022** Series C **$131M** *4 new* [Bpifrance](https://millionrounds.com/fund/bpifrance) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Picus Capital](https://millionrounds.com/fund/picus-capital) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) Source recorded
- **Oct 2018** Seed **$4.5M** *4 new* [First Round Capital](https://millionrounds.com/fund/first-round-capital) Lead [BoxGroup](https://millionrounds.com/fund/boxgroup) [Rainfall Ventures](https://millionrounds.com/fund/rainfall-ventures) [Able Partners](https://millionrounds.com/fund/able-partners) Reported by AlleyWatch

## 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.

**Seed** 2018 **Series C** 2022 **Series D** 2022 **Series A** 2025 [First Round Capital](https://millionrounds.com/fund/first-round-capital) L [BoxGroup](https://millionrounds.com/fund/boxgroup) [Bpifrance](https://millionrounds.com/fund/bpifrance) [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) [Picus Capital](https://millionrounds.com/fund/picus-capital) [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) [Optum Ventures](https://millionrounds.com/fund/optum-ventures)

## Everyone who backed them

[First Round Capital](https://millionrounds.com/fund/first-round-capital) VC firm **2** rounds, led 1

[BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **2** rounds

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

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

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round

[Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) VC firm **1** round

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

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

[Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) VC firm **1** round

[Optum Ventures](https://millionrounds.com/fund/optum-ventures) VC firm **1** round

[Rainfall Ventures](https://millionrounds.com/fund/rainfall-ventures) VC firm **1** round

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

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

## Quick answers about Alma

### Who invested in Alma?

Alma's investors include First Round Capital, BoxGroup, Bpifrance, Insight Partners and Tengxun Touzi, and 7 more on record.

### How much has Alma raised?

Alma has raised $286M across 4 rounds since 2018.

### When did Alma last raise?

Alma's most recent round was a Series A of $20M in Dec 2025.

### What was Alma's biggest round?

Alma's largest round on record is $131M (Series C), in Feb 2022.

### Who backed Alma first?

Alma's first round on record, in Oct 2018, was backed by First Round Capital, BoxGroup and Rainfall Ventures and 1 others.

### What stage is Alma at?

Alma's latest named round is a Series A, in Dec 2025.

### Where is Alma based?

Alma is based in the United States.

### Who led Alma's rounds?

First Round Capital led the Seed in 2018.

## Companies like Alma

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

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)

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