# Arena funding: rounds and investors

> Arena has raised $401M across 7 rounds since 2021. Investors include Andreessen Horowitz, Felicis and Kleiner Perkins. Every round with its source.

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

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

# Who invested in *Arena*

7 rounds we have observed, with the 20 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 Consumer Apps Enterprise Software

Raised 1 month ago

Funding summary Updated 26 Oct 2026

**$401M** raised across 7 rounds since 2021, from 10 sources

**$5.2M** Seed **$14M** Series A **$1.2M** Pre-seed **$750K** Seed **$30M** Series B **$150M** Series A **$200M** Series B

- **Latest round:** Series B, $200M Oct 2026
- **Led by:** Lightspeed Venture Partners and Khosla Ventures
- **Step-up i:** 1.3×
- **Investors:** 20 (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.

2022 2023 2024 2025 2026

**$5.2M** Seed

**$14M** Series A

**$1.2M** Pre-seed

**$750K** Seed

**$30M** Series B

**$150M** Series A

**$200M** Series B

- **First round:** Seed, $5.2M
- **Biggest round:** $200M
- **Usual gap between rounds:** 9 months

## The rounds

- **Oct 2026** Series B **$200M** *6 new* *2 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) [01 Advisors](https://millionrounds.com/fund/01-advisors) Reported by Firms' own news pages and 3 others
- **Jan 2026** Series A **$150M** *3 new* *1 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [The House Fund](https://millionrounds.com/fund/the-house-fund) Source recorded
- **Apr 2025** Series B **$30M** *4 new* [Founders Fund](https://millionrounds.com/fund/founders-fund) [LD Capital](https://millionrounds.com/fund/xie) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) [Shield Capital](https://millionrounds.com/fund/shield-capital) Source recorded
- **Jun 2023** Seed **$750K** No investor was named in the report. Source recorded
- **Jan 2023** Pre-seed **$1.2M** *1 new* [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) Source recorded
- **Mar 2022** Series A **$14M** *5 new* [Techstars](https://millionrounds.com/fund/techstars) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [CRV](https://millionrounds.com/fund/crv) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) Source recorded
- **Jul 2021** Seed **$5.2M** *1 new* [Courtside Ventures](https://millionrounds.com/fund/courtside-ventures) Source recorded

## 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** 2021 **Series A** 2022 **Pre-seed** 2023 **Seed** 2023 **Series B** 2025 **Series A** 2026 **Series B** 2026 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) L [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) L [Techstars](https://millionrounds.com/fund/techstars) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)

## Everyone who backed them

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

[Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **2** rounds

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **2** rounds

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round, led 1

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

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

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **1** round

[Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) VC firm **1** round

[Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **1** round

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

[Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round

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

[LD Capital](https://millionrounds.com/fund/xie) VC firm **1** round

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

[Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) Corporate VC **1** round

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

[The House Fund](https://millionrounds.com/fund/the-house-fund) Accelerator **1** round

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

[01 Advisors](https://millionrounds.com/fund/01-advisors) VC firm **1** round

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

## Quick answers about Arena

### Who invested in Arena?

Arena's investors include Andreessen Horowitz, Felicis, Kleiner Perkins, Lightspeed Venture Partners and Khosla Ventures, and 15 more on record. Lightspeed Venture Partners led its latest round.

### How much has Arena raised?

Arena has raised $401M across 7 rounds since 2021.

### When did Arena last raise?

Arena's most recent round was a Series B of $200M in Oct 2026, led by Lightspeed Venture Partners.

### What was Arena's biggest round?

Its most recent round, $200M in Oct 2026, is also its largest on record.

### Who backed Arena first?

Arena's first round on record, in Jul 2021, was backed by Courtside Ventures.

### What stage is Arena at?

Arena's latest named round is a Series B, in Oct 2026.

### Where is Arena based?

Arena is based in the United States.

### Who led Arena's rounds?

Lightspeed Venture Partners led the Series B in 2026.

## Companies like Arena

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

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