# Cardless funding: rounds and investors

> Cardless has raised $60M across 1 round since 2025. Investors include Y Combinator, Greycroft and Spark Capital. Every round with its source.

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

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

# Who invested in *Cardless*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$60M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series C, $60M Sept 2025
- **Investors:** 7

See who backed them

## The rounds

- **Sept 2025** Series C **$60M** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Greycroft](https://millionrounds.com/fund/greycroft) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Pear VC](https://millionrounds.com/fund/pear-vc) [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Mischief](https://millionrounds.com/fund/mischief) Source recorded

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Michael Spelfogel** Executive Officer, Director, Promoter i
- **Scott Kazmierowicz** Executive Officer, Director, Promoter i

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

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

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

[Pear VC](https://millionrounds.com/fund/pear-vc) VC firm **1** round

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

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

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

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

## Also claim to have backed them

These 4 firms list Cardless 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.

[Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) VC firm Per its own site

[Tribe Capital](https://millionrounds.com/fund/tribe-capital) VC firm Per its own site

[Activant Capital](https://millionrounds.com/fund/activant-capital) VC firm Per its own site

[Commerce VC](https://millionrounds.com/fund/commerce-vc) VC firm Per its own site

## Quick answers about Cardless

### Who invested in Cardless?

Cardless's investors include Y Combinator, Greycroft, Spark Capital, Pear VC and Commerce Ventures, and 2 more on record.

### How much has Cardless raised?

Cardless has raised $60M across 1 round since 2025.

### When did Cardless last raise?

Cardless's most recent round was a Series C of $60M in Sept 2025.

### What was Cardless's biggest round?

Its most recent round, $60M in Sept 2025, is also its largest on record.

### Who backed Cardless first?

Cardless's first round on record, in Sept 2025, was backed by Y Combinator, Greycroft and Spark Capital and 4 others.

### What stage is Cardless at?

Cardless's latest named round is a Series C, in Sept 2025.

### Where is Cardless based?

Cardless is based in the United States.

## Companies like Cardless

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)

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