# Conduit funding: rounds and investors > Conduit has raised $186M across 8 rounds since 2006. Investors include Y Combinator, Gaingels and Liquid 2 Ventures. Every round with its source. Source: https://millionrounds.com/company/conduit (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Conduit* 8 rounds we have observed, with the 19 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. Construction Raised 8 months ago Y Combinator: W23 Funding summary Updated 26 Oct 2026 **$186M** raised across 8 rounds since 2006, from 8 sources **$1.8M** Series A **$8.0M** Series B **$100M** Growth **$37M** Series A **$30M** Series A **$3.1M** Seed **$375K** Grant **$6.0M** Seed - **Latest round:** Seed, $6.0M Mar 2026 - **Biggest round:** $100M Growth · Apr 2012 - **Step-up i:** 16× - **Investors:** 19 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. 2006 2009 2012 2015 2018 2021 2024 **$1.8M** Series A **$8.0M** Series B **$100M** Growth **$37M** Series A **$30M** Series A **$6.0M** Seed - **First round:** Series A, $1.8M - **Biggest round:** $100M - **Usual gap between rounds:** 9 months ## The rounds - **Mar 2026** Seed **$6.0M** *2 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) Source recorded SEC filing: $22M sold - **Aug 2025** Grant **$375K** *1 new* [Richard King Mellon Foundation](https://millionrounds.com/fund/richard-king-mellon-foundation) Source recorded - **Apr 2025** Seed **$3.1M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) [Eight Capital](https://millionrounds.com/fund/eight-capital) [Pi Labs](https://millionrounds.com/fund/pi-labs) Source recorded SEC filing: $36M sold, first sale Feb 2025 - **Mar 2025** Series A **$30M** *5 new* [Gaingels](https://millionrounds.com/fund/gaingels) [Altos Ventures](https://millionrounds.com/fund/altos-ventures) [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Sound Ventures](https://millionrounds.com/fund/sound-ventures) Source recorded SEC filing: $36M sold, first sale Feb 2025 - **Jun 2024** Series A **$37M** *4 new* [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Paradigm](https://millionrounds.com/fund/paradigm) [Robot Ventures](https://millionrounds.com/fund/robot-ventures) [Haun Ventures](https://millionrounds.com/fund/haun-ventures) Source recorded - **Apr 2012** Growth **$100M** *1 new* [JP Morgan](https://millionrounds.com/fund/jpmorgan) Reported by finsmes.com - **Jan 2008** Series B **$8.0M** *1 new* [Benchmark](https://millionrounds.com/fund/benchmark) Reported by pehub.com - **Jul 2006** Series A **$1.8M** No investor was named in the report. From a historical funding record ## 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. **Series A** 2006 **Series B** 2008 **Growth** 2012 **Series A** 2024 **Series A** 2025 **Seed** 2025 **Grant** 2025 **Seed** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Gaingels](https://millionrounds.com/fund/gaingels) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Benchmark](https://millionrounds.com/fund/benchmark) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) [Altos Ventures](https://millionrounds.com/fund/altos-ventures) [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds [Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round [Benchmark](https://millionrounds.com/fund/benchmark) VC firm **1** round [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round [JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) VC firm **1** round [Altos Ventures](https://millionrounds.com/fund/altos-ventures) VC firm **1** round [Innovation Endeavors](https://millionrounds.com/fund/innovation-endeavors) VC firm **1** round [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) VC firm **1** round [Paradigm](https://millionrounds.com/fund/paradigm) VC firm **1** round [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) VC firm **1** round [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **1** round [Robot Ventures](https://millionrounds.com/fund/robot-ventures) VC firm **1** round [Sound Ventures](https://millionrounds.com/fund/sound-ventures) VC firm **1** round [Eight Capital](https://millionrounds.com/fund/eight-capital) Fund of funds **1** round [Pi Labs](https://millionrounds.com/fund/pi-labs) Accelerator **1** round [Haun Ventures](https://millionrounds.com/fund/haun-ventures) VC firm **1** round [Richard King Mellon Foundation](https://millionrounds.com/fund/richard-king-mellon-foundation) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=conduit). ## Quick answers about Conduit ### Who invested in Conduit? Conduit's investors include Y Combinator, Gaingels, Liquid 2 Ventures, Benchmark and Coinbase Ventures, and 14 more on record. ### How much has Conduit raised? Conduit has raised $186M across 8 rounds since 2006. ### When did Conduit last raise? Conduit's most recent round was a Seed of $6.0M in Mar 2026. ### What was Conduit's biggest round? Conduit's largest round on record is $100M (Growth), in Apr 2012. ### Who backed Conduit first? Conduit's first round on record, in Jan 2008, was backed by Benchmark. ### What stage is Conduit at? Conduit's latest named round is a Seed, in Mar 2026. ### Where is Conduit based? Conduit is based in the United States. ## Companies like Conduit In the same sector, and raised in the last eighteen months. 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