# C2FO funding: rounds and investors > C2FO has raised $398M across 8 rounds since 2011. Investors include Union Square Ventures, Summerhill Venture Partners and Mithril Capital Management. Source: https://millionrounds.com/company/c2fo (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *C2FO* 8 rounds we have observed, with the 10 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. Fintech Valuation: $1.0B, Mar 2026 Funding summary Updated 26 Oct 2026 **$398M** raised across 8 rounds since 2011, from 8 sources **$3.6M** Series A **$9.1M** Series B **$9.1M** Series A **$18M** Series C **$18M** Series B **$40M** Series D **$100M** Round **$200M** Round - **Latest round:** Round, $200M Aug 2019 - **Led by:** SoftBank Vision Fund - **Step-up i:** 2× - **Investors:** 10 (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. 2011 2013 2015 2017 2019 **$3.6M** Series A **$9.1M** Series B **$9.1M** Series A **$18M** Series C **$18M** Series B **$40M** Series D **$100M** Round **$200M** Round - **First round:** Series A, $3.6M - **Biggest round:** $200M - **Usual gap between rounds:** 18 months ## The rounds - **Aug 2019** Round **$200M** *1 new* *2 returning* [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) Lead [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) Reported by FinSMEs - **Feb 2018** Round **$100M** *1 new* *2 returning* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [Allianz X](https://millionrounds.com/fund/allianz-x) Reported by FinSMEs - **Aug 2015** Series D **$40M** *2 new* *4 returning* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [OPENAIR Equity Partners](https://millionrounds.com/fund/openair-equity-partners) From a historical funding record - **Jul 2013** Series C **$18M** *2 new* *2 returning* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [OPENAIR Equity Partners](https://millionrounds.com/fund/openair-equity-partners) From a historical funding record - **Jul 2013** Series B **$18M** *4 returning* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [OPENAIR Equity Partners](https://millionrounds.com/fund/openair-equity-partners) Reported by finsmes.com - **Sept 2012** Series B **$9.1M** *1 new* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) From a historical funding record - **Sept 2012** Series A **$9.1M** *1 returning* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by finsmes.com - **Mar 2011** Series A **$3.6M** *3 new* [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) [Iron Mountain](https://millionrounds.com/fund/iron-mountain) [VFORMATION LLC](https://millionrounds.com/fund/vformation-llc) From a historical funding record ## Founders and team From C2FO's own website: 9 on the team. - **Ragui Selwanes** President & COO Americas - **Sanjay Gupta** President and Chief Customer Officer - **Anne Steinhaus** Chief Product & Technology Officer - **Colin Sharp** Chief Sales Officer - **Jackie Hancock** Chief Accounting Officer - **Krissy Young** Chief Administrative Officer - **Raffaele Sadun** Chief Financial Officer - **Aditya Devurkar** Head of Data Science and Operations - **David Greer** General Counsel and Corporate Secretary ## 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** 2011 **Series B** 2012 **Series A** 2012 **Series C** 2013 **Series B** 2013 **Series D** 2015 **Round** 2018 **Round** 2019 [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [OPENAIR Equity Partners](https://millionrounds.com/fund/openair-equity-partners) [Temasek Holdings](https://millionrounds.com/fund/temasek) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) L [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Allianz X](https://millionrounds.com/fund/allianz-x) [Iron Mountain](https://millionrounds.com/fund/iron-mountain) [VFORMATION LLC](https://millionrounds.com/fund/vformation-llc) ## Everyone who backed them [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) VC firm **7** rounds [Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) Growth equity **4** rounds [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) VC firm **4** rounds [OPENAIR Equity Partners](https://millionrounds.com/fund/openair-equity-partners) Growth equity **3** rounds [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **2** rounds [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round, led 1 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round [Allianz X](https://millionrounds.com/fund/allianz-x) Corporate VC **1** round [Iron Mountain](https://millionrounds.com/fund/iron-mountain) Corporate VC **1** round [VFORMATION LLC](https://millionrounds.com/fund/vformation-llc) Family office **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=c2fo). ## Also claim to have backed them This firm lists C2FO 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 C2FO ### Who invested in C2FO? C2FO's investors include Union Square Ventures, Summerhill Venture Partners, Mithril Capital Management, OPENAIR Equity Partners and Temasek Holdings, and 5 more on record. SoftBank Vision Fund led its latest round. ### How much has C2FO raised? C2FO has raised $398M across 8 rounds since 2011. ### When did C2FO last raise? C2FO's most recent round was an Undisclosed round of $200M in Aug 2019, led by SoftBank Vision Fund. ### What was C2FO's biggest round? Its most recent round, $200M in Aug 2019, is also its largest on record. ### Who backed C2FO first? C2FO's first round on record, in Mar 2011, was backed by Summerhill Venture Partners, Iron Mountain and VFORMATION LLC. ### What stage is C2FO at? C2FO's latest named round is an Undisclosed round, in Aug 2019. ### Where is C2FO based? C2FO is based in the United States. ### Who led C2FO's rounds? SoftBank Vision Fund led the Undisclosed round in 2019. ## Companies like C2FO In the same sector, and raised in the last eighteen months. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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