# Azoma funding: rounds and investors

> Azoma has raised $19M across 3 rounds since 2025. Investors include Team Ignite Ventures, MaRS IAF and Rank Ventures. Every round with its source.

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

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

# Who invested in *Azoma*

3 rounds we have observed, with the 11 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 E-commerce Enterprise Software Martech

Raised 1 month ago

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Funding summary Updated 5 Nov 2026

**$19M** raised across 3 rounds since 2025, from 7 sources

**$4.0M** Pre-seed **$4.0M** Seed **$11M** Series A

- **Latest round:** Series A, $11M Oct 2026
- **Led by:** Puma Growth Partners
- **Step-up i:** 2.8×
- **Investors:** 11 (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.

2026

**$4.0M** Pre-seed

**$4.0M** Seed

**$11M** Series A

- **First round:** Pre-seed, $4.0M
- **Biggest round:** $11M
- **Usual gap between rounds:** 9 months

## The rounds

- **Oct 2026** Series A **$11M** *4 new* *4 returning* [Puma Growth Partners](https://millionrounds.com/fund/puma-growth-partners) Lead [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) [dunnhumby Ventures](https://millionrounds.com/fund/dunnhumby-ventures) [MaRS IAF](https://millionrounds.com/fund/mars-iaf) [Rank Ventures](https://millionrounds.com/fund/rank-ventures) [Twinpath](https://millionrounds.com/fund/twinpath) [Angels from Google DeepMind and Legora](https://millionrounds.com/fund/angels-from-google-deepmind-and-legora) [angel investors from Google DeepMind and Legora](https://millionrounds.com/fund/angel-investors-from-google-deepmind-and-legora) Reported by Google News search and 4 others
- **Sept 2026** Seed **$4.0M** *2 new* *1 returning* [Techstars](https://millionrounds.com/fund/techstars) [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) Source recorded
- **Dec 2025** Pre-seed **$4.0M** *5 new* [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) [MaRS IAF](https://millionrounds.com/fund/mars-iaf) [Rank Ventures](https://millionrounds.com/fund/rank-ventures) [Twinpath](https://millionrounds.com/fund/twinpath) [eBay Ventures x Techstars](https://millionrounds.com/fund/ebay-ventures-x-techstars) Reported by TechStartups

## 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 **Seed** 2026 **Series A** 2026 [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) [MaRS IAF](https://millionrounds.com/fund/mars-iaf) [Rank Ventures](https://millionrounds.com/fund/rank-ventures) [Twinpath](https://millionrounds.com/fund/twinpath) [Puma Growth Partners](https://millionrounds.com/fund/puma-growth-partners) L [Techstars](https://millionrounds.com/fund/techstars) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) [dunnhumby Ventures](https://millionrounds.com/fund/dunnhumby-ventures) [angel investors from Google DeepMind and Legora](https://millionrounds.com/fund/angel-investors-from-google-deepmind-and-legora) [Angels from Google DeepMind and Legora](https://millionrounds.com/fund/angels-from-google-deepmind-and-legora)

## Everyone who backed them

[Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) VC firm **3** rounds

[MaRS IAF](https://millionrounds.com/fund/mars-iaf) VC firm **2** rounds

[Rank Ventures](https://millionrounds.com/fund/rank-ventures) VC firm **2** rounds

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

[Puma Growth Partners](https://millionrounds.com/fund/puma-growth-partners) Growth equity **1** round, led 1

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

[MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) VC firm **1** round

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

[angel investors from Google DeepMind and Legora](https://millionrounds.com/fund/angel-investors-from-google-deepmind-and-legora) VC firm **1** round

[Angels from Google DeepMind and Legora](https://millionrounds.com/fund/angels-from-google-deepmind-and-legora) VC firm **1** round

[eBay Ventures x Techstars](https://millionrounds.com/fund/ebay-ventures-x-techstars) VC firm **1** round

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

## Quick answers about Azoma

### Who invested in Azoma?

Azoma's investors include Team Ignite Ventures, MaRS IAF, Rank Ventures, Twinpath and Puma Growth Partners, and 6 more on record. Puma Growth Partners led its latest round.

### How much has Azoma raised?

Azoma has raised $19M across 3 rounds since 2025.

### When did Azoma last raise?

Azoma's most recent round was a Series A of $11M in Oct 2026, led by Puma Growth Partners.

### What was Azoma's biggest round?

Its most recent round, $11M in Oct 2026, is also its largest on record.

### Who backed Azoma first?

Azoma's first round on record, in Dec 2025, was backed by Team Ignite Ventures, MaRS IAF and Rank Ventures and 2 others.

### What stage is Azoma at?

Azoma's latest named round is a Series A, in Oct 2026.

### Where is Azoma based?

Azoma is based in Canada.

### Who led Azoma's rounds?

Puma Growth Partners led the Series A in 2026.

## Companies like Azoma

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

[**Cohere** $5.6B · Oct 2026](https://millionrounds.com/company/cohere)[**Solink** $160M · Oct 2026](https://millionrounds.com/company/solink)[**Quminex** $1.1M · Oct 2026](https://millionrounds.com/company/quminex)[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Astrus** $20M · Sept 2026](https://millionrounds.com/company/astrus)[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5)

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