# Carrot funding: rounds and investors > Carrot has raised $68M across 5 rounds since 2018. Investors include MaC Venture Capital, JJDC and R7 Partners. Every round with its source. Source: https://millionrounds.com/company/carrot (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Carrot* 5 rounds we have observed, with the 17 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 E-commerce Fintech Healthcare Follow Carrot and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcarrot) Funding summary Updated 5 Nov 2026 **$68M** raised across 5 rounds since 2018, from 6 sources **$25M** Round **$24M** Series B - **Latest round:** Seed, $4.2M May 2025 - **Led by:** MaC Venture Capital - **Biggest round:** $25M Round · Oct 2018 - **Investors:** 17 (3 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. 2019 2020 2021 2022 2023 2024 2025 **$25M** Round **$24M** Series B **$5.5M** Seed **$9.6M** Venture **$4.2M** Seed - **First round:** Round, $25M - **Biggest round:** $25M - **Usual gap between rounds:** 21 months ## The rounds - **May 2025** Seed **$4.2M** *3 new* [MaC Venture Capital](https://millionrounds.com/fund/mac-venture-capital) Lead [Partech Africa](https://millionrounds.com/fund/partech-africa) [Authentic Ventures](https://millionrounds.com/fund/authentic-ventures) Reported by Disrupt Africa and 1 other SEC filing: $600K sold, first sale May 2025 - **Oct 2021** Venture **$9.6M** *1 new* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) Source recorded SEC filing: $9.6M sold, first sale Sept 2021 - **Sept 2021** Seed **$5.5M** *5 new* [Abstract Ventures](https://millionrounds.com/fund/abstract) [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) [M13](https://millionrounds.com/fund/m13) [Designer Fund](https://millionrounds.com/fund/designer-fund) Source recorded SEC filing: $9.6M sold, first sale Sept 2021 - **Aug 2020** Series B **$24M** *3 new* [CRV](https://millionrounds.com/fund/crv) [Precursor Ventures](https://millionrounds.com/fund/precursor-ventures) [Uncork Capital](https://millionrounds.com/fund/uncork-capital) Source recorded SEC filing: $6.7M sold, first sale Mar 2020 - **Oct 2018** Round **$25M** *5 new* [JJDC](https://millionrounds.com/fund/jjdc) Lead [R7 Partners](https://millionrounds.com/fund/r7-partners) Lead [Marc Benioff](https://millionrounds.com/fund/marc-benioff) David S. Utley New York Life Ventures/ Khosla Reported by Prnewswire SEC filing: $25M sold, first sale Oct 2018 ## Founders and team From Carrot's own website: 4 on the team. - **Ha Van T. Le** Senior Vice President of Finance - **Sara Lippert** Vice President of Development - **Daniel Balbierz** Chief Operating Officer - **Shariq Minhas** Chief Technology Officer ## 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** 2018 **Series B** 2020 **Seed** 2021 **Venture** 2021 **Seed** 2025 [MaC Venture Capital](https://millionrounds.com/fund/mac-venture-capital) L [JJDC](https://millionrounds.com/fund/jjdc) L [R7 Partners](https://millionrounds.com/fund/r7-partners) L [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [CRV](https://millionrounds.com/fund/crv) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Precursor Ventures](https://millionrounds.com/fund/precursor-ventures) [Uncork Capital](https://millionrounds.com/fund/uncork-capital) [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) ## Everyone who backed them [MaC Venture Capital](https://millionrounds.com/fund/mac-venture-capital) VC firm **1** round, led 1 [JJDC](https://millionrounds.com/fund/jjdc) Investment firm **1** round, led 1 [R7 Partners](https://millionrounds.com/fund/r7-partners) Private equity **1** round, led 1 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round [CRV](https://millionrounds.com/fund/crv) VC firm **1** round [Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm **1** round [Precursor Ventures](https://millionrounds.com/fund/precursor-ventures) VC firm **1** round [Uncork Capital](https://millionrounds.com/fund/uncork-capital) VC firm **1** round [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) VC firm **1** round [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) VC firm **1** round [M13](https://millionrounds.com/fund/m13) VC firm **1** round [Marc Benioff](https://millionrounds.com/fund/marc-benioff) VC firm **1** round [Designer Fund](https://millionrounds.com/fund/designer-fund) VC firm **1** round [Partech Africa](https://millionrounds.com/fund/partech-africa) VC firm **1** round [Authentic Ventures](https://millionrounds.com/fund/authentic-ventures) VC firm **1** round David S. Utley no record of our own yet **1** round New York Life Ventures/ Khosla 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=carrot). ## Quick answers about Carrot ### Who invested in Carrot? Carrot's investors include MaC Venture Capital, JJDC, R7 Partners, Khosla Ventures and CRV, and 12 more on record. MaC Venture Capital led its latest round. ### How much has Carrot raised? Carrot has raised $68M across 5 rounds since 2018. ### When did Carrot last raise? Carrot's most recent round was a Seed of $4.2M in May 2025, led by MaC Venture Capital. ### What was Carrot's biggest round? Carrot's largest round on record is $25M (Undisclosed round), in Oct 2018, led by JJDC. ### Who backed Carrot first? Carrot's first round on record, in Oct 2018, was backed by JJDC, R7 Partners and Marc Benioff and 2 others. ### What stage is Carrot at? Carrot's latest named round is a Seed, in May 2025. ### Where is Carrot based? Carrot is based in the United States. ### Who led Carrot's rounds? JJDC led the Undisclosed round in 2018; MaC Venture Capital led the Seed in 2025. ## Companies like Carrot In the same sector, and raised in the last eighteen months. [**GPN Vaccines** $10B · Nov 2026](https://millionrounds.com/company/gpn-vaccines)[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**General Medicine** $152M · Nov 2026](https://millionrounds.com/company/general-medicine)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Midstream Health** $27M · Oct 2026](https://millionrounds.com/company/midstream-health) ## 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