# Codex funding: rounds and investors > Codex has raised $21M across 3 rounds since 2021. Investors include Y Combinator, Citibank and Hustle Fund. Every round with its source. Source: https://millionrounds.com/company/codex (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Codex* 3 rounds we have observed, with the 8 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. Big Data & Analytics Web3 & Crypto Funding summary Updated 26 Oct 2026 **$21M** raised across 3 rounds since 2021, from 3 sources **$5.5M** Seed **$16M** Seed - **Latest round:** Seed, $16M Feb 2025 - **Step-up i:** 2.9× - **Investors:** 8 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. 2022 2023 2024 2025 **$5.5M** Seed **?** Venture **$16M** Seed - **First round:** Seed, $5.5M - **Biggest round:** $16M - **Usual gap between rounds:** 2.7 years ## The rounds - **Feb 2025** Seed **$16M** *3 new* [Hustle Fund](https://millionrounds.com/fund/hustle-fund) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Fabric Ventures](https://millionrounds.com/fund/fabric-ventures) Source recorded - **Jun 2022** Venture **Amount undisclosed** No investor was named in the report. Source recorded - **Dec 2021** Seed **$5.5M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Citibank](https://millionrounds.com/fund/citi) [NFX](https://millionrounds.com/fund/nfx) [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) [Four Cities Capital](https://millionrounds.com/fund/four-cities-capital) Source recorded ## Founders and team From Codex's own website: 3 founders. **Haonan Li** Co-Founder, CEO **Momo Ong** Co-Founder **Victor Yaw** Co-Founder ## 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. **Seed** 2021 **Venture** 2022 **Seed** 2025 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Citibank](https://millionrounds.com/fund/citi) [Hustle Fund](https://millionrounds.com/fund/hustle-fund) [NFX](https://millionrounds.com/fund/nfx) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) [Fabric Ventures](https://millionrounds.com/fund/fabric-ventures) [Four Cities Capital](https://millionrounds.com/fund/four-cities-capital) ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round [Hustle Fund](https://millionrounds.com/fund/hustle-fund) VC firm **1** round [NFX](https://millionrounds.com/fund/nfx) VC firm **1** round [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **1** round [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) VC firm **1** round [Fabric Ventures](https://millionrounds.com/fund/fabric-ventures) VC firm **1** round [Four Cities Capital](https://millionrounds.com/fund/four-cities-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=codex). ## Also claim to have backed them These 2 firms list Codex 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. [Mirana](https://millionrounds.com/fund/mirana) VC firm Per its own site [Reverie](https://millionrounds.com/fund/reverie) Private equity Per its own site ## Quick answers about Codex ### Who invested in Codex? Codex's investors include Y Combinator, Citibank, Hustle Fund, NFX and Dragonfly Capital Partners, and 3 more on record. ### How much has Codex raised? Codex has raised $21M across 3 rounds since 2021. One round did not disclose an amount, so the total is a floor. ### When did Codex last raise? Codex's most recent round was a Seed of $16M in Feb 2025. ### What was Codex's biggest round? Its most recent round, $16M in Feb 2025, is also its largest on record. ### Who backed Codex first? Codex's first round on record, in Dec 2021, was backed by Y Combinator, Citibank and NFX and 2 others. ### What stage is Codex at? Codex's latest named round is a Seed, in Feb 2025. ### Where is Codex based? Codex is based in the United States. ## Companies like Codex In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda) ## 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