# Arda funding: rounds and investors

> Arda has raised $233M across 2 rounds since 2025. Investors include Accel, Khosla Ventures and Altimeter. Every round with its source.

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

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

# Who invested in *Arda*

2 rounds we have observed, with the 4 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.

AI Manufacturing Real Estate Robotics

Raised 1 month ago

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Funding summary Updated 5 Nov 2026

**$233M** raised across 2 rounds since 2025, from 3 sources

**$3.0M** Pre-seed **$230M** Round

- **Latest round:** Round, $230M Oct 2026
- **Led by:** Accel and Khosla Ventures and 1 more
- **Step-up i:** 76.7×
- **Investors:** 4 (4 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

**$3.0M** Pre-seed

**$230M** Round

- **First round:** Pre-seed, $3.0M
- **Biggest round:** $230M
- **Between rounds:** 19 months

## The rounds

- **Oct 2026** Round **$230M** *3 new* [Accel](https://millionrounds.com/fund/accel) Lead [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) Lead [Altimeter](https://millionrounds.com/fund/altimeter-capital) Lead Reported by Google News search and 1 other
- **Mar 2025** Pre-seed **$3.0M** *1 new* [Lightshift](https://millionrounds.com/fund/lightshift) Lead Reported by TechStartups

## Founders and team

From Arda's own website: 6 on the team.

- **Mike Nelson** Chief Executive Officer, arrivia
- **Brian Kaltenbaugh** Vice President, Technology & Innovation
- **Elizabeth A. Baker** Vice President, State Legislative/Regulatory Official Outreach & ARDA-ROC
- **Justin Vermuth** Senior Vice President, State Government Affairs and ARDA-ROC
- **Robert Clements** Vice President, Regulatory Affairs & General Counsel
- **Jason Gamel** President & CEO, ARDA

## 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.

**Pre-seed** 2025 **Round** 2026 [Accel](https://millionrounds.com/fund/accel) L [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) L [Altimeter](https://millionrounds.com/fund/altimeter-capital) L [Lightshift](https://millionrounds.com/fund/lightshift) L

## Everyone who backed them

[Accel](https://millionrounds.com/fund/accel) VC firm **1** round, led 1

[Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round, led 1

[Altimeter](https://millionrounds.com/fund/altimeter-capital) VC firm **1** round, led 1

[Lightshift](https://millionrounds.com/fund/lightshift) Venture studio **1** round, led 1

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

## Also claim to have backed them

These 4 firms list Arda 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.

[Forward Deployed VC](https://millionrounds.com/fund/forward-deployed-vc) VC firm Per its own site

[Green Angel Syndicate](https://millionrounds.com/fund/green-angel-syndicate) VC firm Per its own site

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

[Lemonjuice Capital & Solutions](https://millionrounds.com/fund/lemonjuice-capital-and-solutions) Company Per its own site

## Quick answers about Arda

### Who invested in Arda?

Arda's investors include Accel, Khosla Ventures, Altimeter and Lightshift. Accel led its latest round.

### How much has Arda raised?

Arda has raised $233M across 2 rounds since 2025.

### When did Arda last raise?

Arda's most recent round was an Undisclosed round of $230M in Oct 2026, led by Accel.

### What was Arda's biggest round?

Its most recent round, $230M in Oct 2026, is also its largest on record.

### Who backed Arda first?

Arda's first round on record, in Mar 2025, was backed by Lightshift.

### What stage is Arda at?

Arda's latest named round is an Undisclosed round, in Oct 2026.

### Where is Arda based?

Arda is based in the United States.

### Who led Arda's rounds?

Lightshift led the Pre-seed in 2025; Accel led the Undisclosed round in 2026.

## Companies like Arda

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

[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)

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