# Celect funding: rounds and investors > Celect has raised $30M across 4 rounds since 2013. Investors include August, August Capital and Activant Capital. Every round with its source. Source: https://millionrounds.com/company/celect (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *Celect* 4 rounds we have observed, with the 6 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. AI Education Funding summary Updated 26 Oct 2026 **$30M** raised across 4 rounds since 2013, from 4 sources **$50K** Venture **$5.0M** Series A **$10M** Series B **$15M** Series C - **Latest round:** Series C, $15M Dec 2018 - **Step-up i:** 1.5× - **Investors:** 6 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. 2014 2015 2016 2017 2018 **$50K** Venture **$5.0M** Series A **$10M** Series B **$15M** Series C - **First round:** Venture, $50K - **Biggest round:** $15M - **Usual gap between rounds:** 20 months ## The rounds - **Dec 2018** Series C **$15M** *2 new* *1 returning* [NGP Capital](https://millionrounds.com/fund/ngp-capital) [August](https://millionrounds.com/fund/august) Fung Capital/ Activant Reported by FinSMEs SEC filing: $15M sold, first sale Jul 2018 - **Feb 2017** Series B **$10M** *2 new* [August](https://millionrounds.com/fund/august) Activant Capital/ Fung Reported by FinSMEs SEC filing: $10M sold, first sale Jan 2017 - **Jun 2015** Series A **$5.0M** *2 new* [August Capital](https://millionrounds.com/fund/august-capital) [Activant Capital](https://millionrounds.com/fund/activant-capital) From a historical funding record SEC filing: $5.2M sold, first sale Aug 2014 - **Dec 2013** Venture **$50K** No investor was named in the report. Reported by sec.gov SEC filing: $50K sold, first sale Nov 2013 ## Founders and team From the SEC filings it signed: 2 founders, 1 on the team. **Devavrat Shah** Dr. Shah is the Co-Founder and the Chief Scientist of the Issuer. *Named on its 2018 Form D* i **Vivek Farias** Dr. Farias is the Co-Founder and Chief Technology Officer of the Issuer. *Named on its 2018 Form D* i - **John Andrews** Mr. Andrews is the Chief Executive Officer of the Issuer. i On the board, as filed i *Steven Sarracino* *Vivek Mehra* ## 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. **Venture** 2013 **Series A** 2015 **Series B** 2017 **Series C** 2018 [August](https://millionrounds.com/fund/august) [August Capital](https://millionrounds.com/fund/august-capital) [Activant Capital](https://millionrounds.com/fund/activant-capital) [NGP Capital](https://millionrounds.com/fund/ngp-capital) Activant Capital/ Fung Fung Capital/ Activant ## Everyone who backed them [August](https://millionrounds.com/fund/august) Hedge fund **2** rounds [August Capital](https://millionrounds.com/fund/august-capital) VC firm **1** round [Activant Capital](https://millionrounds.com/fund/activant-capital) VC firm **1** round [NGP Capital](https://millionrounds.com/fund/ngp-capital) VC firm **1** round Activant Capital/ Fung no record of our own yet **1** round Fung Capital/ Activant 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=celect). ## Quick answers about Celect ### Who invested in Celect? Celect's investors include August, August Capital, Activant Capital, NGP Capital and Activant Capital/ Fung, and 1 more on record. ### How much has Celect raised? Celect has raised $30M across 4 rounds since 2013. ### When did Celect last raise? Celect's most recent round was a Series C of $15M in Dec 2018. ### What was Celect's biggest round? Its most recent round, $15M in Dec 2018, is also its largest on record. ### Who backed Celect first? Celect's first round on record, in Jun 2015, was backed by August Capital and Activant Capital. ### What stage is Celect at? Celect's latest named round is a Series C, in Dec 2018. ### Where is Celect based? Celect is based in the United States. ## Companies like Celect In the same sector, and raised in the last eighteen months. 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