# Bestow funding: rounds and investors

> Bestow has raised $205M across 4 rounds since 2018. Investors include 8VC, Goldman Sachs Alternatives and Smith Point Capital. Every round with its source.

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

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

# Who invested in *Bestow*

4 rounds we have observed, with the 9 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.

Developer Tools Enterprise Software Fintech Insurtech

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Funding summary Updated 5 Nov 2026

**$205M** raised across 4 rounds since 2018, from 4 sources

**$15M** Series A **$70M** Series D **$120M** Series D

- **Latest round:** Series D, $120M May 2025
- **Led by:** Goldman Sachs Alternatives and Smith Point Capital
- **Step-up i:** 1.7×
- **Investors:** 9 (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.

2018 2019 2020 2021 2022 2023 2024 2025

**$15M** Series A

**?** Venture

**$70M** Series D

**$120M** Series D

- **First round:** Series A, $15M
- **Biggest round:** $120M
- **Usual gap between rounds:** 4.9 years

## The rounds

- **May 2025** Series D **$120M** *2 new* [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) Lead [Smith Point Capital](https://millionrounds.com/fund/smith-point-capital) Lead Reported by TechCrunch
- **May 2025** Series D **$70M** *3 new* *1 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [8VC](https://millionrounds.com/fund/8vc) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) Source recorded
- **May 2023** Venture **Amount undisclosed** No investor was named in the report. Source recorded
- **May 2018** Series A **$15M** *4 new* [8VC](https://millionrounds.com/fund/8vc) [Core Innovation Capital](https://millionrounds.com/fund/core-innovation-capital) Morpheus Valar Ventures/ NEA Reported by FinSMEs SEC filing: $15M sold, first sale Apr 2018

## Funding filed with regulators

Bestow filed 5 raises, $119M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Nov 2020 **$70M** 7 investors equity SEC Form D
- Feb 2020 **$30M** 8 investors equity SEC Form D
- Apr 2018 **$15M** 8 investors equity SEC Form D
- Jul 2017 **$3.1M** 15 investors equity, securities on exercise SEC Form D
- Dec 2016 **$600K** 6 investors debt, options SEC Form D

## Founders and team

From Bestow's own website and the SEC filings it signed: 2 founders, 15 on the team.

**Jonathan W. Abelmann** Co-Founder & President *Named on its 2021 Form D*

**Melbourne O'Banion** Co-Founder & CEO *Named on its 2021 Form D*

- **Chris Copeland** Chief Technology Officer
- **Chris Laia** Chief Legal & Compliance Officer
- **Cindy De Armond** Chief Revenue Officer
- **Dave Belanger** Chief Security & Privacy Officer
- **Meagan Ward** Chief Marketing Officer
- **Chad Hersh** Head of AI Solutions
- **Doug Brewster** VP, Finance
- **Eric Lee** VP, Product Management
- **John Pattison** VP, Sales
- **K.C. Cleary** Head of Business Operations
- **Paul Rasmussen** VP, Customer Success
- **Peter Eliason** VP, Data & Analytics
- **Peter Olah** VP, Engineering
- **Rachel Zalkin** VP, People
- **Luke McLaren** Deputy General Counsel

On the board, as filed i *James Fitzgerald* *Mark W. Dyne*

## 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.

**Series A** 2018 **Venture** 2023 **Series D** 2025 **Series D** 2025 [8VC](https://millionrounds.com/fund/8vc) [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) L [Smith Point Capital](https://millionrounds.com/fund/smith-point-capital) L [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) [Core Innovation Capital](https://millionrounds.com/fund/core-innovation-capital) Morpheus Valar Ventures/ NEA

## Everyone who backed them

[8VC](https://millionrounds.com/fund/8vc) VC firm **2** rounds

[Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) Growth equity **1** round, led 1

[Smith Point Capital](https://millionrounds.com/fund/smith-point-capital) VC firm **1** round, led 1

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **1** round

[Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm **1** round

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

[Core Innovation Capital](https://millionrounds.com/fund/core-innovation-capital) VC firm **1** round

Morpheus no record of our own yet **1** round

Valar Ventures/ NEA 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=bestow).

## Also claim to have backed them

These 2 firms list Bestow as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Breyer Capital](https://millionrounds.com/fund/breyer-capital) Private equity Per its own site

[Zone II Ventures](https://millionrounds.com/fund/zone-ii-ventures) VC firm Per its own site

## Quick answers about Bestow

### Who invested in Bestow?

Bestow's investors include 8VC, Goldman Sachs Alternatives, Smith Point Capital, New Enterprise Associates and Abstract Ventures, and 4 more on record. Goldman Sachs Alternatives led its latest round.

### How much has Bestow raised?

Bestow has raised $205M across 4 rounds since 2018. One round did not disclose an amount, so the total is a floor.

### When did Bestow last raise?

Bestow's most recent round was a Series D of $120M in May 2025, led by Goldman Sachs Alternatives.

### What was Bestow's biggest round?

Its most recent round, $120M in May 2025, is also its largest on record.

### Who backed Bestow first?

Bestow's first round on record, in May 2018, was backed by 8VC, Core Innovation Capital and Morpheus and 1 others.

### What stage is Bestow at?

Bestow's latest named round is a Series D, in May 2025.

### Where is Bestow based?

Bestow is based in the United States.

### Who led Bestow's rounds?

Goldman Sachs Alternatives led the Series D in 2025.

## Companies like Bestow

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

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