# Balam funding: rounds and investors

> Balam has raised $15M across 2 rounds since 2023. Investors include Rockstart and Banco Sabadell. Every round with its source.

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

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

# Who invested in *Balam*

2 rounds we have observed, with the 2 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.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2023, from 2 sources

**$400K** Pre-seed **$15M** Debt

- **Latest round:** Debt, $15M Jun 2025
- **Step-up i:** 37.5×
- **Investors:** 2

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.

2024 2025

**$400K** Pre-seed

**$15M** Debt

- **First round:** Pre-seed, $400K
- **Biggest round:** $15M
- **Between rounds:** 22 months

## The rounds

- **Jun 2025** Debt **$15M** *1 new* [Banco Sabadell](https://millionrounds.com/fund/banco-sabadell) Source recorded
- **Aug 2023** Pre-seed **$400K** *1 new* [Rockstart](https://millionrounds.com/fund/rockstart) 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.

**Pre-seed** 2023 **Debt** 2025 [Rockstart](https://millionrounds.com/fund/rockstart) [Banco Sabadell](https://millionrounds.com/fund/banco-sabadell)

## Everyone who backed them

[Rockstart](https://millionrounds.com/fund/rockstart) Accelerator **1** round

[Banco Sabadell](https://millionrounds.com/fund/banco-sabadell) VC firm **1** round

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

## Quick answers about Balam

### Who invested in Balam?

Balam's investors include Rockstart and Banco Sabadell.

### How much has Balam raised?

Balam has raised $15M across 2 rounds since 2023.

### When did Balam last raise?

Balam's most recent round was a Debt of $15M in Jun 2025.

### What was Balam's biggest round?

Its most recent round, $15M in Jun 2025, is also its largest on record.

### Who backed Balam first?

Balam's first round on record, in Aug 2023, was backed by Rockstart.

### What stage is Balam at?

Balam's latest named round is a Debt, in Jun 2025.

### Where is Balam based?

Balam is based in Mexico.

## Companies like Balam

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

[**Nonco** $8.4M · Jun 2025](https://millionrounds.com/company/nonco)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Peso** Oct 2026](https://millionrounds.com/company/peso)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**EFY Finance** Oct 2026](https://millionrounds.com/company/efy-finance)

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