# David funding: rounds and investors

> David has raised $325M across 2 rounds since 2025. Investors include Greenoaks, Valor Equity Partners and IQ Capital. Every round with its source.

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

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *David*

2 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.

Consumer Goods Food & Beverage Wellness

Raised 2 months ago

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Funding summary Updated 5 Nov 2026

**$325M** raised across 2 rounds since 2025, from 2 sources

**$75M** Series A **$250M** Series B

- **Latest round:** Series B, $250M Sept 2026
- **Led by:** Valor Equity Partners and Greenoaks
- **Step-up i:** 3.3×
- **Investors:** 8 (2 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.

2026

**$75M** Series A

**$250M** Series B

- **First round:** Series A, $75M
- **Biggest round:** $250M
- **Between rounds:** 15 months

## The rounds

- **Sept 2026** Series B **$250M** *5 new* *2 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Greenoaks](https://millionrounds.com/fund/greenoaks) Lead [IQ Capital](https://millionrounds.com/fund/iq-capital) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Noa](https://millionrounds.com/fund/noa) [Imaginary Ventures](https://millionrounds.com/fund/imaginary) [Peter Rahal](https://millionrounds.com/fund/peter-rahal) Reported by AlleyWatch
- **Jun 2025** Series A **$75M** *3 new* [Greenoaks](https://millionrounds.com/fund/greenoaks) Lead [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Valor Siren Ventures](https://millionrounds.com/fund/valor-siren-ventures) Reported by Crunchbase News

## Funding filed with regulators

David filed one raise, $200K in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2015 **$200K** 1 investor debt, options of $1.0M offered SEC Form D

## Founders and team

From the SEC filings it signed: 1 on the team.

- **Jon Fougner** Executive Officer, Director i

## 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** 2025 **Series B** 2026 [Greenoaks](https://millionrounds.com/fund/greenoaks) L L [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) L [IQ Capital](https://millionrounds.com/fund/iq-capital) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Valor Siren Ventures](https://millionrounds.com/fund/valor-siren-ventures) [Noa](https://millionrounds.com/fund/noa) [Imaginary Ventures](https://millionrounds.com/fund/imaginary) [Peter Rahal](https://millionrounds.com/fund/peter-rahal)

## Everyone who backed them

[Greenoaks](https://millionrounds.com/fund/greenoaks) VC firm **2** rounds, led 2

[Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **2** rounds, led 1

[IQ Capital](https://millionrounds.com/fund/iq-capital) VC firm **1** round

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity **1** round

[Valor Siren Ventures](https://millionrounds.com/fund/valor-siren-ventures) Corporate VC **1** round

[Noa](https://millionrounds.com/fund/noa) VC firm **1** round

[Imaginary Ventures](https://millionrounds.com/fund/imaginary) VC firm **1** round

[Peter Rahal](https://millionrounds.com/fund/peter-rahal) Angel **1** round

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

## Also claim to have backed them

These 2 firms list David 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.

[HG Ventures](https://millionrounds.com/fund/hg-ventures) Corporate VC Per its own site

[The Heritage Group Accelerator](https://millionrounds.com/fund/the-heritage-group-accelerator) Accelerator Per its own site

## Quick answers about David

### Who invested in David?

David's investors include Greenoaks, Valor Equity Partners, IQ Capital, Iconiq Capital and Valor Siren Ventures, and 3 more on record. Valor Equity Partners led its latest round.

### How much has David raised?

David has raised $325M across 2 rounds since 2025.

### When did David last raise?

David's most recent round was a Series B of $250M in Sept 2026, led by Valor Equity Partners.

### What was David's biggest round?

Its most recent round, $250M in Sept 2026, is also its largest on record.

### Who backed David first?

David's first round on record, in Jun 2025, was backed by Greenoaks, Valor Equity Partners and Valor Siren Ventures.

### What stage is David at?

David's latest named round is a Series B, in Sept 2026.

### Where is David based?

David is based in the United States.

### Who led David's rounds?

Greenoaks led the Series A in 2025; Valor Equity Partners led the Series B in 2026.

## Companies like David

In the same sector, and raised in the last eighteen months.

[**Caravel Bio** $9.0M · Oct 2026](https://millionrounds.com/company/caravel-bio)[**Wilde** $40M · Oct 2026](https://millionrounds.com/company/wilde)[**Dan-O's Seasoning** $25M · Oct 2026](https://millionrounds.com/company/dan-o-s-seasoning)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**PlantSwitch** $33M · Oct 2026](https://millionrounds.com/company/plantswitch)[**Roxberry Naturals** $4.0M · Oct 2026](https://millionrounds.com/company/roxberry-naturals)

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