# Capsule funding: rounds and investors > Capsule has raised $513M across 4 rounds since 2019. Investors include Y Combinator, Flybridge and Goodwater Capital. Every round with its source. Source: https://millionrounds.com/company/capsule (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # Who invested in *Capsule* 4 rounds we have observed, with the 13 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. Biotech Fashion Healthcare Valuation: $1.0B, Mar 2026 Y Combinator: S22 Funding summary Updated 26 Oct 2026 **$513M** raised across 4 rounds since 2019, from 4 sources **$200M** Round **$300M** Series D **$1.0M** Pre-seed **$12M** Series A - **Latest round:** Series A, $12M Apr 2025 - **Biggest round:** $300M Series D · Apr 2021 - **Step-up i:** 12× - **Investors:** 13 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 2021 2022 2023 2024 2025 **$200M** Round **$300M** Series D **$1.0M** Pre-seed **$12M** Series A - **First round:** Round, $200M - **Biggest round:** $300M - **Usual gap between rounds:** 19 months ## The rounds - **Apr 2025** Series A **$12M** *4 new* [Bloomberg Beta](https://millionrounds.com/fund/bloomberg-beta) [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) [UBS](https://millionrounds.com/fund/ubs) [Human Ventures](https://millionrounds.com/fund/human-ventures) Source recorded - **Jun 2024** Pre-seed **$1.0M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Flybridge](https://millionrounds.com/fund/flybridge) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [GFR Fund](https://millionrounds.com/fund/gfr-fund) Source recorded - **Apr 2021** Series D **$300M** *5 new* [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [TCV](https://millionrounds.com/fund/tcv) [Drive Capital](https://millionrounds.com/fund/drive-capital) [Karman Ventures](https://millionrounds.com/fund/karman-ventures) [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) Source recorded SEC filing: $5.9M sold, first sale Sept 2020 - **Sept 2019** Round **$200M** No investor was named in the report. Reported by Builtinnyc ## Founders and team From Capsule's own website: 2 founders, 7 on the team. **Aaron Keller** Co-Founder and Managing Principal **Brian Adducci** Co-Founder & Creative Principal - **Allison Jullie** Relationship Development Manager - **Ellen Pickering** Director, Brand Strategy - **Hewan Dagmawi** Associate Strategist - **Jack Boyum** Senior Designer - **Jason Dafnis** Marketing Manager - **Nate Killam** Senior Designer - **Taylor Colt** Art Director ## 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. **Round** 2019 **Series D** 2021 **Pre-seed** 2024 **Series A** 2025 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Flybridge](https://millionrounds.com/fund/flybridge) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Bloomberg Beta](https://millionrounds.com/fund/bloomberg-beta) [TCV](https://millionrounds.com/fund/tcv) [Drive Capital](https://millionrounds.com/fund/drive-capital) [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) [Karman Ventures](https://millionrounds.com/fund/karman-ventures) [UBS](https://millionrounds.com/fund/ubs) ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Flybridge](https://millionrounds.com/fund/flybridge) VC firm **1** round [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **1** round [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **1** round [Bloomberg Beta](https://millionrounds.com/fund/bloomberg-beta) VC firm **1** round [TCV](https://millionrounds.com/fund/tcv) Private equity **1** round [Drive Capital](https://millionrounds.com/fund/drive-capital) VC firm **1** round [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) VC firm **1** round [Karman Ventures](https://millionrounds.com/fund/karman-ventures) VC firm **1** round [UBS](https://millionrounds.com/fund/ubs) Wealth manager **1** round [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) VC firm **1** round [GFR Fund](https://millionrounds.com/fund/gfr-fund) VC firm **1** round [Human Ventures](https://millionrounds.com/fund/human-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=capsule). ## Also claim to have backed them These 8 firms list Capsule 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. [Socium Ventures](https://millionrounds.com/fund/socium-ventures) Corporate VC Per its own site [Teamworthy Ventures](https://millionrounds.com/fund/teamworthy-ventures) VC firm Per its own site [HyperGuap](https://millionrounds.com/fund/hyperguap) Angel network Per its own site [IPD Capital](https://millionrounds.com/fund/ipd-capital) VC firm Per its own site [Reshape](https://millionrounds.com/fund/reshape-ventures) VC firm Per its own site [Flucas Ventures](https://millionrounds.com/fund/flucas-ventures) Angel network Per its own site [Human Ventures](https://millionrounds.com/fund/human-ventures-llc) Accelerator Per its own site [Realm Capital Ventures](https://millionrounds.com/fund/realm-capital-ventures) VC firm Per its own site ## Quick answers about Capsule ### Who invested in Capsule? Capsule's investors include Y Combinator, Flybridge, Goodwater Capital, Thrive Capital and Bloomberg Beta, and 8 more on record. ### How much has Capsule raised? Capsule has raised $513M across 4 rounds since 2019. ### When did Capsule last raise? Capsule's most recent round was a Series A of $12M in Apr 2025. ### What was Capsule's biggest round? Capsule's largest round on record is $300M (Series D), in Apr 2021. ### Who backed Capsule first? Capsule's first round on record, in Apr 2021, was backed by Thrive Capital, TCV and Drive Capital and 2 others. ### What stage is Capsule at? Capsule's latest named round is a Series A, in Apr 2025. ### Where is Capsule based? Capsule is based in the United States. ## Companies like Capsule In the same sector, and raised in the last eighteen months. [**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio) ## 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