# Bellwethr funding: rounds and investors > Bellwethr has raised $2.5M across 2 rounds since 2019. Investors include Stout Street Capital, KCRise Fund and Royal Street Ventures. Source: https://millionrounds.com/company/bellwethr (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *Bellwethr* 2 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. Advertising & Adtech AI Martech Funding summary Updated 26 Oct 2026 **$2.5M** raised across 2 rounds since 2019, from 2 sources - **Latest round:** Venture Dec 2020 - **Biggest round:** $2.5M Seed · Jun 2019 - **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. 2020 **$2.5M** Seed **?** Venture - **First round:** Seed, $2.5M - **Biggest round:** $2.5M - **Between rounds:** 18 months [**Bellwethr** Adtech/martech 1 / 22 Their pitch deck **Bellwethr's pitch deck, 22 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/bellwethr) ## The rounds - **Dec 2020** Venture **Amount undisclosed** *3 new* *2 returning* [Techstars](https://millionrounds.com/fund/techstars) [MassChallenge](https://millionrounds.com/fund/masschallenge) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [Stout Street Capital](https://millionrounds.com/fund/stout-street-capital) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) Source recorded SEC filing: $500K sold, first sale Nov 2020 - **Jun 2019** Seed **$2.5M** *8 new* [Royal Street Ventures](https://millionrounds.com/fund/royal-street-ventures) Lead [SaaS Ventures](https://millionrounds.com/fund/saas) [Stout Street Capital](https://millionrounds.com/fund/stout-street-capital) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) [Karen Ventures](https://millionrounds.com/fund/karen-ventures) Beth Ellyn McClendon Greenway Capital Paul Fenaroli Reported by FinSMEs ## Founders and team From Bellwethr's own website and the SEC filings it signed: 1 founder, 8 on the team. **Gina Perrelli** Co-Founder, CEO - **Stephanie Brubacker** CTO - **Chris Bassett-Bouchard** Head of Sales - **Alex Leach** Director, Finance & Operations - **Karin Brashears** Director, Product - **Lauren Bagley** Director, Retention Strategy - **Timothy Fraser** Director, Customer Experience - **Daron Jamison** Executive Officer, Director i - **Matthew Moody** Executive Officer, Director i On the board, as filed i *Laura Brady* ## 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** 2019 **Venture** 2020 [Stout Street Capital](https://millionrounds.com/fund/stout-street-capital) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) [Royal Street Ventures](https://millionrounds.com/fund/royal-street-ventures) L [Techstars](https://millionrounds.com/fund/techstars) [MassChallenge](https://millionrounds.com/fund/masschallenge) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [SaaS Ventures](https://millionrounds.com/fund/saas) [Karen Ventures](https://millionrounds.com/fund/karen-ventures) Beth Ellyn McClendon Greenway Capital ## Everyone who backed them [Stout Street Capital](https://millionrounds.com/fund/stout-street-capital) VC firm **2** rounds [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) VC firm **2** rounds [Royal Street Ventures](https://millionrounds.com/fund/royal-street-ventures) VC firm **1** round, led 1 [Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round [MassChallenge](https://millionrounds.com/fund/masschallenge) Accelerator **1** round [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) VC firm **1** round [SaaS Ventures](https://millionrounds.com/fund/saas) VC firm **1** round [Karen Ventures](https://millionrounds.com/fund/karen-ventures) VC firm **1** round Beth Ellyn McClendon no record of our own yet **1** round Greenway Capital no record of our own yet **1** round Paul Fenaroli no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bellwethr). ## Also claim to have backed them This firm lists Bellwethr 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. [Free State Forge](https://millionrounds.com/fund/free-state-forge) Angel network Per its own site ## Quick answers about Bellwethr ### Who invested in Bellwethr? Bellwethr's investors include Stout Street Capital, KCRise Fund, Royal Street Ventures, Techstars and MassChallenge, and 6 more on record. ### How much has Bellwethr raised? Bellwethr has raised $2.5M across 2 rounds since 2019. One round did not disclose an amount, so the total is a floor. ### When did Bellwethr last raise? Bellwethr's most recent round was a Venture in Dec 2020. ### What was Bellwethr's biggest round? Bellwethr's largest round on record is $2.5M (Seed), in Jun 2019, led by Royal Street Ventures. ### Who backed Bellwethr first? Bellwethr's first round on record, in Jun 2019, was backed by Royal Street Ventures, SaaS Ventures and Stout Street Capital and 5 others. ### What stage is Bellwethr at? Bellwethr's latest named round is a Venture, in Dec 2020. ### Where is Bellwethr based? Bellwethr is based in the United States. ### Who led Bellwethr's rounds? Royal Street Ventures led the Seed in 2019. ## Companies like Bellwethr In the same sector, and raised in the last eighteen months. 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