# Cardlay funding: rounds and investors

> Cardlay has raised $11M across 2 rounds since 2019. Investors include Seed Capital, PSV and SEB Bank. Every round with its source.

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

Denmark · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Cardlay*

2 rounds we have observed, with the 3 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.

Enterprise Software Fintech

Funding summary Updated 26 Oct 2026

**$11M** raised across 2 rounds since 2019, from 2 sources

**$10M** Round **$893K** Venture

- **Latest round:** Venture, $893K Mar 2022
- **Biggest round:** $10M Round · Nov 2019
- **Investors:** 3

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

**$10M** Round

**$893K** Venture

- **First round:** Round, $10M
- **Biggest round:** $10M
- **Between rounds:** 2.3 years

## The rounds

- **Mar 2022** Venture **$893K** *1 new* *1 returning* [Seed Capital](https://millionrounds.com/fund/seed-capital) [PSV](https://millionrounds.com/fund/psv) Source recorded
- **Nov 2019** Round **$10M** *2 new* [Seed Capital](https://millionrounds.com/fund/seed-capital) SEB Bank Reported by EU-Startups

## 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 **Venture** 2022 [Seed Capital](https://millionrounds.com/fund/seed-capital) [PSV](https://millionrounds.com/fund/psv) SEB Bank

## Everyone who backed them

[Seed Capital](https://millionrounds.com/fund/seed-capital) VC firm **2** rounds

[PSV](https://millionrounds.com/fund/psv) Venture studio **1** round

SEB Bank 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=cardlay).

## Also claim to have backed them

This firm lists Cardlay 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.

[Goose Valley Ventures](https://millionrounds.com/fund/goose-valley-ventures) VC firm Per its own site

## Quick answers about Cardlay

### Who invested in Cardlay?

Cardlay's investors include Seed Capital, PSV and SEB Bank.

### How much has Cardlay raised?

Cardlay has raised $11M across 2 rounds since 2019.

### When did Cardlay last raise?

Cardlay's most recent round was a Venture of $893K in Mar 2022.

### What was Cardlay's biggest round?

Cardlay's largest round on record is $10M (Undisclosed round), in Nov 2019.

### Who backed Cardlay first?

Cardlay's first round on record, in Nov 2019, was backed by Seed Capital and SEB Bank.

### What stage is Cardlay at?

Cardlay's latest named round is a Venture, in Mar 2022.

### Where is Cardlay based?

Cardlay is based in Denmark.

## Companies like Cardlay

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

[**Flatpay** $336M · Sept 2026](https://millionrounds.com/company/flatpay)[**Spektr** $25M · Apr 2026](https://millionrounds.com/company/spektr)[**Scaleup Finance** $16M · May 2025](https://millionrounds.com/company/scaleup-finance)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Freedom** Oct 2026](https://millionrounds.com/company/freedom)

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