# dawn funding: rounds and investors

> dawn has raised $14M across 2 rounds since 2024. Investors include Y Combinator, Pioneer Fund and CMT Digital. Every round with its source.

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

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

# Who invested in *dawn*

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.

Big Data & Analytics

Raised 11 months ago

Funding summary Updated 26 Oct 2026

**$14M** raised across 2 rounds since 2024, from 2 sources

**$500K** Pre-seed **$13M** Series B

- **Latest round:** Series B, $13M Dec 2025
- **Step-up i:** 26×
- **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.

2024 2025

**$500K** Pre-seed

**$13M** Series B

- **First round:** Pre-seed, $500K
- **Biggest round:** $13M
- **Between rounds:** 22 months

## The rounds

- **Dec 2025** Series B **$13M** *6 new* [CMT Digital](https://millionrounds.com/fund/cmt-digital) [Polychain](https://millionrounds.com/fund/polychain) [Archetype](https://millionrounds.com/fund/archetype) [6th Man Ventures](https://millionrounds.com/fund/6mv) [ParaFi Capital](https://millionrounds.com/fund/parafi) [Castle Island Ventures](https://millionrounds.com/fund/castle-island-ventures) Source recorded
- **Feb 2024** Pre-seed **$500K** *2 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) Source recorded

## 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.

**Pre-seed** 2024 **Series B** 2025 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) [CMT Digital](https://millionrounds.com/fund/cmt-digital) [Polychain](https://millionrounds.com/fund/polychain) [Archetype](https://millionrounds.com/fund/archetype) [6th Man Ventures](https://millionrounds.com/fund/6mv) [ParaFi Capital](https://millionrounds.com/fund/parafi) [Castle Island Ventures](https://millionrounds.com/fund/castle-island-ventures)

## Everyone who backed them

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

[Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) Private equity **1** round

[CMT Digital](https://millionrounds.com/fund/cmt-digital) VC firm **1** round

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

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

[6th Man Ventures](https://millionrounds.com/fund/6mv) VC firm **1** round

[ParaFi Capital](https://millionrounds.com/fund/parafi) VC firm **1** round

[Castle Island Ventures](https://millionrounds.com/fund/castle-island-ventures) VC firm **1** round

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

## Quick answers about dawn

### Who invested in dawn?

dawn's investors include Y Combinator, Pioneer Fund, CMT Digital, Polychain and Archetype, and 3 more on record.

### How much has dawn raised?

dawn has raised $14M across 2 rounds since 2024.

### When did dawn last raise?

dawn's most recent round was a Series B of $13M in Dec 2025.

### What was dawn's biggest round?

Its most recent round, $13M in Dec 2025, is also its largest on record.

### Who backed dawn first?

dawn's first round on record, in Feb 2024, was backed by Y Combinator and Pioneer Fund.

### What stage is dawn at?

dawn's latest named round is a Series B, in Dec 2025.

### Where is dawn based?

dawn is based in the United States.

## Companies like dawn

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**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)[**Prism Data** $25M · Oct 2026](https://millionrounds.com/company/prism-data)[**Homa** $5.0M · Oct 2026](https://millionrounds.com/company/homa)

## Find investors like these

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