# Donut Labs funding: rounds and investors > Donut Labs has raised $22M across 2 rounds since 2025. Investors include Hack VC, BITKRAFT and Makers Fund. Every round with its source. Source: https://millionrounds.com/company/donut-labs (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Donut Labs* 2 rounds we have observed, with the 13 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 Fintech Web3 & Crypto Raised 12 months ago Follow Donut Labs and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fdonut-labs) Funding summary Updated 5 Nov 2026 **$22M** raised across 2 rounds since 2025, from 3 sources **$7.0M** Pre-seed **$15M** Seed - **Latest round:** Seed, $15M Nov 2025 - **Step-up i:** 2.1× - **Investors:** 13 (3 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 **$7.0M** Pre-seed **$15M** Seed - **First round:** Pre-seed, $7.0M - **Biggest round:** $15M - **Between rounds:** 5 months ## The rounds - **Nov 2025** Seed **$15M** *3 new* *3 returning* [HSG](https://millionrounds.com/fund/hsg) [Hack VC](https://millionrounds.com/fund/hack-vc) [Makers Fund](https://millionrounds.com/fund/makers-fund) [Sky9 Capital](https://millionrounds.com/fund/sky9-capital) [Altos Ventures](https://millionrounds.com/fund/altos-ventures-2) [BITKRAFT](https://millionrounds.com/fund/bitkraft) Reported by Ventureburn and 1 other - **May 2025** Pre-seed **$7.0M** *10 new* [Hack VC](https://millionrounds.com/fund/hack-vc) Lead [HongShan](https://millionrounds.com/fund/hongshan) Lead [BITKRAFT](https://millionrounds.com/fund/bitkraft) Lead [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Makers Fund](https://millionrounds.com/fund/makers-fund) [Altos](https://millionrounds.com/fund/altos) [Orthogonal Ventures](https://millionrounds.com/fund/orthogonal-ventures) [Sky9 Ventures](https://millionrounds.com/fund/sky9-ventures) [SonicSVM](https://millionrounds.com/fund/sonicsvm) [Vessel Ventures](https://millionrounds.com/fund/vessel-ventures) Reported by TechStartups ## 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** 2025 **Seed** 2025 [Hack VC](https://millionrounds.com/fund/hack-vc) L [BITKRAFT](https://millionrounds.com/fund/bitkraft) L [Makers Fund](https://millionrounds.com/fund/makers-fund) [HongShan](https://millionrounds.com/fund/hongshan) L [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [Sky9 Capital](https://millionrounds.com/fund/sky9-capital) [Altos](https://millionrounds.com/fund/altos) [Altos Ventures](https://millionrounds.com/fund/altos-ventures-2) [Orthogonal Ventures](https://millionrounds.com/fund/orthogonal-ventures) ## Everyone who backed them [Hack VC](https://millionrounds.com/fund/hack-vc) VC firm **2** rounds, led 1 [BITKRAFT](https://millionrounds.com/fund/bitkraft) VC firm **2** rounds, led 1 [Makers Fund](https://millionrounds.com/fund/makers-fund) VC firm **2** rounds [HongShan](https://millionrounds.com/fund/hongshan) VC firm **1** round, led 1 [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [Matrix Partners](https://millionrounds.com/fund/matrix-partners) VC firm **1** round [Sky9 Capital](https://millionrounds.com/fund/sky9-capital) VC firm **1** round [Altos](https://millionrounds.com/fund/altos) Growth equity **1** round [Altos Ventures](https://millionrounds.com/fund/altos-ventures-2) VC firm **1** round [Orthogonal Ventures](https://millionrounds.com/fund/orthogonal-ventures) VC firm **1** round [Sky9 Ventures](https://millionrounds.com/fund/sky9-ventures) VC firm **1** round [SonicSVM](https://millionrounds.com/fund/sonicsvm) VC firm **1** round [Vessel Ventures](https://millionrounds.com/fund/vessel-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=donut-labs). ## Quick answers about Donut Labs ### Who invested in Donut Labs? Donut Labs's investors include Hack VC, BITKRAFT, Makers Fund, HongShan and HSG, and 8 more on record. ### How much has Donut Labs raised? Donut Labs has raised $22M across 2 rounds since 2025. ### When did Donut Labs last raise? Donut Labs's most recent round was a Seed of $15M in Nov 2025. ### What was Donut Labs's biggest round? Its most recent round, $15M in Nov 2025, is also its largest on record. ### Who backed Donut Labs first? Donut Labs's first round on record, in May 2025, was backed by Hack VC, HongShan and BITKRAFT and 7 others. ### What stage is Donut Labs at? Donut Labs's latest named round is a Seed, in Nov 2025. ### Where is Donut Labs based? Donut Labs is based in the United States. ### Who led Donut Labs's rounds? Hack VC led the Pre-seed in 2025. ## Companies like Donut Labs In the same sector, and raised in the last eighteen months. 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