# Based funding: rounds and investors > Based has raised $15M across 2 rounds since 2022. Investors include Pantera Capital, Coinbase Ventures and Franklin Templeton. Every round with its source. Source: https://millionrounds.com/company/based (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # Who invested in *Based* 2 rounds we have observed, with the 6 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 Fintech Web3 & Crypto Raised 9 months ago Follow Based and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fbased) Funding summary Updated 15 Nov 2026 **$15M** raised across 2 rounds since 2022, from 2 sources **$3.5M** Seed **$12M** Series A - **Latest round:** Series A, $12M Feb 2026 - **Led by:** Pantera Capital - **Step-up i:** 3.3× - **Investors:** 6 (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. 2023 2024 2025 2026 **$3.5M** Seed **$12M** Series A - **First round:** Seed, $3.5M - **Biggest round:** $12M - **Between rounds:** 3.6 years ## The rounds - **Feb 2026** Series A **$12M** *4 new* [Pantera Capital](https://millionrounds.com/fund/pantera-capital) Lead [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Wintermute Ventures](https://millionrounds.com/fund/wintermute-ventures) [Karatage](https://millionrounds.com/fund/karatage) Reported by Ventureburn - **Aug 2022** Seed **$3.5M** *2 new* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Hannah Grey](https://millionrounds.com/fund/hannah-grey) 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** 2022 **Series A** 2026 [Pantera Capital](https://millionrounds.com/fund/pantera-capital) L [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Wintermute Ventures](https://millionrounds.com/fund/wintermute-ventures) [Karatage](https://millionrounds.com/fund/karatage) [Hannah Grey](https://millionrounds.com/fund/hannah-grey) ## Everyone who backed them [Pantera Capital](https://millionrounds.com/fund/pantera-capital) VC firm **1** round, led 1 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round [Wintermute Ventures](https://millionrounds.com/fund/wintermute-ventures) VC firm **1** round [Karatage](https://millionrounds.com/fund/karatage) VC firm **1** round [Hannah Grey](https://millionrounds.com/fund/hannah-grey) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=based). ## Also claim to have backed them This firm lists Based as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [NUMBER GROUP](https://millionrounds.com/fund/number-group) Venture studio Per its own site ## Quick answers about Based ### Who invested in Based? Based's investors include Pantera Capital, Coinbase Ventures, Franklin Templeton, Wintermute Ventures and Karatage, and 1 more on record. Pantera Capital led its latest round. ### How much has Based raised? Based has raised $15M across 2 rounds since 2022. ### When did Based last raise? Based's most recent round was a Series A of $12M in Feb 2026, led by Pantera Capital. ### What was Based's biggest round? Its most recent round, $12M in Feb 2026, is also its largest on record. ### Who backed Based first? Based's first round on record, in Aug 2022, was backed by Franklin Templeton and Hannah Grey. ### What stage is Based at? Based's latest named round is a Series A, in Feb 2026. ### Where is Based based? Based is based in the United States. ### Who led Based's rounds? Pantera Capital led the Series A in 2026. ## Companies like Based In the same sector, and raised in the last eighteen months. [**LangChain** $425M · Nov 2026](https://millionrounds.com/company/langchain)[**VuMedi** $142M · Nov 2026](https://millionrounds.com/company/vumedi)[**Betterness** $3.5M · Nov 2026](https://millionrounds.com/company/betterness)[**Axle** $12M · Nov 2026](https://millionrounds.com/company/axle)[**CrunchAtlas** $250K · Nov 2026](https://millionrounds.com/company/crunchatlas)[**Zus Health** $73M · Nov 2026](https://millionrounds.com/company/zus-health) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app