# Buddy funding: rounds and investors

> Buddy has raised $11M across 7 rounds since 2011. Investors include Transmedia Capital, AFSquare and Techstars. Every round with its source.

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

United States · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Buddy*

7 rounds we have observed, with the 12 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.

Financial Services

Funding summary Updated 26 Oct 2026

**$11M** raised across 7 rounds since 2011, from 7 sources

**$75K** Debt **$1.1M** Seed **$500K** Round **$730K** Series A **$674K** Venture **$7.0M** Venture **$1.2M** Pre-seed

- **Latest round:** Pre-seed, $1.2M Nov 2024
- **Biggest round:** $7.0M Venture · Jan 2024
- **Investors:** 12

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.

2013 2015 2017 2019 2021 2023

**$75K** Debt

**$1.1M** Seed

**$500K** Round

**$730K** Series A

**$7.0M** Venture

**$1.2M** Pre-seed

- **First round:** Debt, $75K
- **Biggest round:** $7.0M
- **Usual gap between rounds:** 10 months

## The rounds

- **Nov 2024** Pre-seed **$1.2M** No investor was named in the report. Source recorded
- **Jan 2024** Venture **$7.0M** *5 new* [Techstars](https://millionrounds.com/fund/techstars) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Forum Ventures](https://millionrounds.com/fund/forum-ventures) [Virginia Innovation Partnership Corporation](https://millionrounds.com/fund/virginia-innovation-partnership-corporation) Source recorded SEC filing: $7.2M sold, first sale Mar 2023
- **May 2014** Venture **$674K** *1 new* [Impact Venture Partners](https://millionrounds.com/fund/impact-venture-partners) From a historical funding record
- **Sept 2013** Series A **$730K** *2 returning* [Transmedia Capital](https://millionrounds.com/fund/transmedia-capital) [AFSquare](https://millionrounds.com/fund/afsquare) From a historical funding record
- **Apr 2013** Round **$500K** *1 returning* [Transmedia Capital](https://millionrounds.com/fund/transmedia-capital) From a historical funding record
- **May 2012** Seed **$1.1M** *6 new* [M12](https://millionrounds.com/fund/m12) [Alliance of Angels](https://millionrounds.com/fund/alliance-of-angels) [Transmedia Capital](https://millionrounds.com/fund/transmedia-capital) [AFSquare](https://millionrounds.com/fund/afsquare) [Crestlight](https://millionrounds.com/fund/crestlight) [Bing Fund](https://millionrounds.com/fund/bing-fund) Reported by finsmes.com
- **Dec 2011** Debt **$75K** No investor was named in the report. Reported by sec.gov

## Founders and team

From Buddy's own website: 2 founders, 3 on the team.

**Charles Merritt** Co-Founder, CEO

**David Vogeleer** Co-Founder, CTO

- **Eric Sprehe** Head of Finance & Operations
- **Alexander Stein** Director of Information & Security
- **Jay Paul** Director & Designated License Producer

## 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.

**Debt** 2011 **Seed** 2012 **Round** 2013 **Series A** 2013 **Venture** 2014 **Venture** 2024 **Pre-seed** 2024 [Transmedia Capital](https://millionrounds.com/fund/transmedia-capital) [AFSquare](https://millionrounds.com/fund/afsquare) [Techstars](https://millionrounds.com/fund/techstars) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [M12](https://millionrounds.com/fund/m12) [Forum Ventures](https://millionrounds.com/fund/forum-ventures) [Alliance of Angels](https://millionrounds.com/fund/alliance-of-angels) [Virginia Innovation Partnership Corporation](https://millionrounds.com/fund/virginia-innovation-partnership-corporation) [Crestlight](https://millionrounds.com/fund/crestlight)

## Everyone who backed them

[Transmedia Capital](https://millionrounds.com/fund/transmedia-capital) VC firm **3** rounds

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

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

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[M12](https://millionrounds.com/fund/m12) Corporate VC **1** round

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

[Alliance of Angels](https://millionrounds.com/fund/alliance-of-angels) Angel network **1** round

[Virginia Innovation Partnership Corporation](https://millionrounds.com/fund/virginia-innovation-partnership-corporation) VC firm **1** round

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

[Impact Venture Partners](https://millionrounds.com/fund/impact-venture-partners) Growth equity **1** round

[Bing Fund](https://millionrounds.com/fund/bing-fund) VC firm **1** round

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

## Quick answers about Buddy

### Who invested in Buddy?

Buddy's investors include Transmedia Capital, AFSquare, Techstars, Sequoia Capital and Plug and Play, and 7 more on record.

### How much has Buddy raised?

Buddy has raised $11M across 7 rounds since 2011.

### When did Buddy last raise?

Buddy's most recent round was a Pre-seed of $1.2M in Nov 2024.

### What was Buddy's biggest round?

Buddy's largest round on record is $7.0M (Venture), in Jan 2024.

### Who backed Buddy first?

Buddy's first round on record, in May 2012, was backed by M12, Alliance of Angels and Transmedia Capital and 3 others.

### What stage is Buddy at?

Buddy's latest named round is a Pre-seed, in Nov 2024.

### Where is Buddy based?

Buddy is based in the United States.

## Companies like Buddy

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

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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