# Coil funding: rounds and investors

> Coil has raised $4.5M across 2 rounds since 2019. Investors include Y Combinator and Xpring. Every round with its source.

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

United States · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Coil*

2 rounds we have observed, with the 2 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.

Financial Services Fintech

Y Combinator: W23

Funding summary Updated 26 Oct 2026

**$4.5M** raised across 2 rounds since 2019, from 2 sources

**$4.0M** Seed **$500K** Pre-seed

- **Latest round:** Pre-seed, $500K Apr 2023
- **Biggest round:** $4.0M Seed · Aug 2019
- **Investors:** 2

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 2023

**$4.0M** Seed

**$500K** Pre-seed

- **First round:** Seed, $4.0M
- **Biggest round:** $4.0M
- **Between rounds:** 3.7 years

## The rounds

- **Apr 2023** Pre-seed **$500K** *1 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded
- **Aug 2019** Seed **$4.0M** *1 new* [Xpring](https://millionrounds.com/fund/xpring) Reported by Coindesk

## 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** 2019 **Pre-seed** 2023 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Xpring](https://millionrounds.com/fund/xpring)

## Everyone who backed them

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

[Xpring](https://millionrounds.com/fund/xpring) Corporate VC **1** round

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

## Quick answers about Coil

### Who invested in Coil?

Coil's investors include Y Combinator and Xpring.

### How much has Coil raised?

Coil has raised $4.5M across 2 rounds since 2019.

### When did Coil last raise?

Coil's most recent round was a Pre-seed of $500K in Apr 2023.

### What was Coil's biggest round?

Coil's largest round on record is $4.0M (Seed), in Aug 2019.

### Who backed Coil first?

Coil's first round on record, in Aug 2019, was backed by Xpring.

### What stage is Coil at?

Coil's latest named round is a Pre-seed, in Apr 2023.

### Where is Coil based?

Coil is based in the United States.

## Companies like Coil

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)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**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)

## Find investors like these

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