# Crusoe funding: rounds and investors > Crusoe has raised $9.9B across 6 rounds since 2024. Investors include Valor Equity Partners, Founders Fund and NVIDIA. Every round with its source. Source: https://millionrounds.com/company/crusoe (Millionrounds; every figure on the page links to its filing or article) United States · [Series F startup](https://millionrounds.com/companies) # Who invested in *Crusoe* 6 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. AI Big Data & Analytics Cleantech Cloud Raised 2 months ago Valuation: $10B, Mar 2026 Follow Crusoe and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcrusoe) Funding summary Updated 5 Nov 2026 **$9.9B** raised across 6 rounds since 2024, from 13 sources **$3.0B** Growth **$3.9B** Series F - **Latest round:** Series F, $3.9B Sept 2026 - **Led by:** Valor Equity Partners and Atreides Management and 1 more - **Step-up i:** 1.3× - **Investors:** 19 (4 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. 2025 2026 **$686M** Growth **$600M** Growth **$1.4B** Growth **$300M** Debt **$3.0B** Growth **$3.9B** Series F - **First round:** Growth, $686M - **Biggest round:** $3.9B - **Usual gap between rounds:** 7 months ## The rounds - **Sept 2026** Series F **$3.9B** *4 new* *5 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Atreides Management](https://millionrounds.com/fund/atreides-management) Lead [Mubadala Ventures](https://millionrounds.com/fund/mubadala-capital) Lead [Founders Fund](https://millionrounds.com/fund/founders-fund) [NVIDIA](https://millionrounds.com/fund/nvidia) [TPG](https://millionrounds.com/fund/tpg) [Radical Ventures](https://millionrounds.com/fund/radical-ventures) [GIC](https://millionrounds.com/fund/gic) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) Reported by TechCrunch and 3 others SEC filing: $3.1B sold - **Sept 2026** Growth **$3.0B** *1 new* *2 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Atreides Management](https://millionrounds.com/fund/atreides-management) Lead [Mubadala Ventures](https://millionrounds.com/fund/mubadala-capital) Reported by Crunchbase News and 4 others SEC filing: $3.1B sold - **Feb 2026** Debt **$300M** *5 returning* [Founders Fund](https://millionrounds.com/fund/founders-fund) [NVIDIA](https://millionrounds.com/fund/nvidia) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) Source recorded SEC filing: $1.0B sold, first sale Oct 2025 - **Oct 2025** Growth **$1.4B** *6 new* *3 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Mubadala Ventures](https://millionrounds.com/fund/mubadala-capital) Lead [Founders Fund](https://millionrounds.com/fund/founders-fund) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [NVIDIA](https://millionrounds.com/fund/nvidia) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Blue Owl](https://millionrounds.com/fund/blue-owl) Reported by TechStartups SEC filing: $1.0B sold, first sale Oct 2025 - **Dec 2024** Growth **$600M** *6 new* *1 returning* [Founders Fund](https://millionrounds.com/fund/founders-fund) Lead [Fidelity](https://millionrounds.com/fund/fidelity) [NVIDIA](https://millionrounds.com/fund/nvidia) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) [Mubadala](https://millionrounds.com/fund/mubadala) Reported by TechStartups SEC filing: $686M sold, first sale Nov 2024 - **Nov 2024** Growth **$686M** *2 new* [Founders Fund](https://millionrounds.com/fund/founders-fund) Lead [Felicis](https://millionrounds.com/fund/felicis-ventures) Reported by TechCrunch SEC filing: $686M sold, first sale Nov 2024 ## Funding filed with regulators Crusoe filed 3 raises, $1.7B in all. Filings say how much was sold and to how many investors; they never name the investors. - Sept 2026 **Amount not stated** 108 investors SEC Form D - Oct 2025 **$1.0B** 71 investors of $1.4B offered SEC Form D - Nov 2024 **$686M** 70 investors of $818M offered SEC Form D ## Founders and team From Crusoe's own website: 1 founder, 11 on the team. **Cully Cavness** Co-founder, President and Chief Strategy Officer - **Chris Dolan** Chief Data Center Officer - **Jamey Seely** Chief Legal Officer - **Matt Field** Chief Real Estate Officer - **Michael Gordon** Chief Operating Officer and Chief Financial Officer - **Nitin Perumbeti** Chief Technology Officer - **Tara Green** Chief People Officer - **Tim Loos** Chief Accounting Officer - **Ron Hansra** VP, Customer Experience - **Sharieff Mansour** VP, Marketing - **Nader Pakfar** General Counsel, Real Estate - **Stephen Martin** Global Risk & Compliance 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. **Growth** 2024 **Growth** 2024 **Growth** 2025 **Debt** 2026 **Growth** 2026 **Series F** 2026 [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) L L L [Founders Fund](https://millionrounds.com/fund/founders-fund) L L [NVIDIA](https://millionrounds.com/fund/nvidia) [Mubadala Ventures](https://millionrounds.com/fund/mubadala-capital) L L [Atreides Management](https://millionrounds.com/fund/atreides-management) L L [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Felicis](https://millionrounds.com/fund/felicis-ventures) ## Everyone who backed them [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **5** rounds, led 3 [Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **5** rounds, led 2 [NVIDIA](https://millionrounds.com/fund/nvidia) Company **4** rounds [Mubadala Ventures](https://millionrounds.com/fund/mubadala-capital) Corporate VC **3** rounds, led 2 [Atreides Management](https://millionrounds.com/fund/atreides-management) VC firm **2** rounds, led 2 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **2** rounds [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) VC firm **2** rounds [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **1** round [Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **1** round [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **1** round [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **1** round [TPG](https://millionrounds.com/fund/tpg) Private equity **1** round [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round [Radical Ventures](https://millionrounds.com/fund/radical-ventures) VC firm **1** round [GIC](https://millionrounds.com/fund/gic) Private equity **1** round [Mubadala](https://millionrounds.com/fund/mubadala) Private equity **1** round [Blue Owl](https://millionrounds.com/fund/blue-owl) Asset manager **1** round [Qatar Ban](https://millionrounds.com/fund/qatar-ban) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=crusoe). ## Also claim to have backed them These 36 firms list Crusoe 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. [Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm Per its own site [Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm Per its own site [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) Family office Per its own site [Denver Ventures](https://millionrounds.com/fund/denver-angels) VC firm Per its own site [Avenir](https://millionrounds.com/fund/avenir) VC firm Per its own site [Interplay](https://millionrounds.com/fund/interplay) Family office Per its own site [Air Street Capital](https://millionrounds.com/fund/air-street-capital) VC firm Per its own site [Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) VC firm Per its own site [Garuda Ventures](https://millionrounds.com/fund/garuda-ventures) VC firm Per its own site [BAM Elevate](https://millionrounds.com/fund/bam-elevate) Private equity Per its own site [Pharsalus Capital](https://millionrounds.com/fund/pharsalus-capital) Venture studio Per its own site [Firestreak Ventures](https://millionrounds.com/fund/firestreak-ventures) VC firm Per its own site [Invariantes Fund](https://millionrounds.com/fund/invariantes-fund) VC firm Per its own site [Pittco Management](https://millionrounds.com/fund/pittco-management) Family office Per its own site [Todd Dagres](https://millionrounds.com/fund/todd-dagres) VC firm Per its own site [Arctic Ventures](https://millionrounds.com/fund/arctic-ventures-2) VC firm Per its own site [BFA Global Investors](https://millionrounds.com/fund/bfa-global-investors) Wealth manager Per its own site [Dubin & Company](https://millionrounds.com/fund/dubin-and-co-lp) Private equity Per its own site [Everybody Ventures](https://millionrounds.com/fund/everybody-ventures) VC firm Per its own site [Junipero Capital](https://millionrounds.com/fund/junipero-capital) VC firm Per its own site [Launchbay Capital](https://millionrounds.com/fund/launchbay-capital) Growth equity Per its own site [Mech Ventures](https://millionrounds.com/fund/mech-ventures) VC firm Per its own site [Nollen Group](https://millionrounds.com/fund/nollen-group) Private equity Per its own site [Octant Ventures](https://millionrounds.com/fund/octant-ventures) VC firm Per its own site [Okeanos](https://millionrounds.com/fund/okeanos) VC firm Per its own site [Prime Capital Partner](https://millionrounds.com/fund/prime-capital-partner) VC firm Per its own site [Rapid Scale](https://millionrounds.com/fund/rapid-scale) VC firm Per its own site [Realm Capital Ventures](https://millionrounds.com/fund/realm-capital-ventures) VC firm Per its own site [Riverbend Capital](https://millionrounds.com/fund/riverbend-capital) VC firm Per its own site [SAV (Scale Asia Ventures)](https://millionrounds.com/fund/sav-scale-asia-ventures) VC firm Per its own site [Stack Capital](https://millionrounds.com/fund/stack-capital) Private equity Per its own site [Sweetwater Private Equity](https://millionrounds.com/fund/sweetwater-private-equity) Private equity Per its own site [TF Capital Management LLC](https://millionrounds.com/fund/tf-capital-management-llc) Investor Per its own site [The Astro Group LLC](https://millionrounds.com/fund/the-astro-group-llc) Investor Per its own site [The Garage Syndicate](https://millionrounds.com/fund/the-garage-syndicate) VC firm Per its own site [menon.vc](https://millionrounds.com/fund/menon-vc) VC firm Per its own site ## Quick answers about Crusoe ### Who invested in Crusoe? Crusoe's investors include Valor Equity Partners, Founders Fund, NVIDIA, Mubadala Ventures and Atreides Management, and 14 more on record. Valor Equity Partners led its latest round. ### How much has Crusoe raised? Crusoe has raised $9.9B across 6 rounds since 2024. ### When did Crusoe last raise? Crusoe's most recent round was a Series F of $3.9B in Sept 2026, led by Valor Equity Partners. ### What was Crusoe's biggest round? Its most recent round, $3.9B in Sept 2026, is also its largest on record. ### Who backed Crusoe first? Crusoe's first round on record, in Nov 2024, was backed by Founders Fund and Felicis. ### What stage is Crusoe at? Crusoe's latest named round is a Series F, in Sept 2026. ### Where is Crusoe based? Crusoe is based in the United States. ### Who led Crusoe's rounds? Founders Fund led the Growth in 2024; Valor Equity Partners led the Growth in 2025. ## Companies like Crusoe In the same sector, and raised in the last eighteen months. [**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava) ## 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