# Downstream funding: rounds and investors

> Downstream has raised $8.0M across 2 rounds since 2011. Investors include FJ Labs and Moneta Ventures. Every round with its source.

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

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

# Who invested in *Downstream*

2 rounds we have observed, with the 2 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 12 months ago

Funding summary Updated 26 Oct 2026

**$8.0M** raised across 2 rounds since 2011, from 2 sources

**$30K** Debt **$8.0M** Series A

- **Latest round:** Series A, $8.0M Nov 2025
- **Step-up i:** 266.7×
- **Investors:** 2

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.

2011 2013 2015 2017 2019 2021 2023 2025

**$30K** Debt

**$8.0M** Series A

- **First round:** Debt, $30K
- **Biggest round:** $8.0M
- **Between rounds:** 14.4 years

## The rounds

- **Nov 2025** Series A **$8.0M** *2 new* [FJ Labs](https://millionrounds.com/fund/fj-labs) [Moneta Ventures](https://millionrounds.com/fund/moneta-ventures) Source recorded
- **May 2011** Debt **$30K** No investor was named in the report. Reported by sec.gov SEC filing: $30K sold, first sale May 2011

## 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.

**Debt** 2011 **Series A** 2025 [FJ Labs](https://millionrounds.com/fund/fj-labs) [Moneta Ventures](https://millionrounds.com/fund/moneta-ventures)

## Everyone who backed them

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round

[Moneta Ventures](https://millionrounds.com/fund/moneta-ventures) VC firm **1** round

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

## Also claim to have backed them

These 2 firms list Downstream 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.

[Brick & Mortar Ventures](https://millionrounds.com/fund/brick-and-mortar-ventures) VC firm Per its own site

[Yonder](https://millionrounds.com/fund/yonder) VC firm Per its own site

## Quick answers about Downstream

### Who invested in Downstream?

Downstream's investors include FJ Labs and Moneta Ventures.

### How much has Downstream raised?

Downstream has raised $8.0M across 2 rounds since 2011.

### When did Downstream last raise?

Downstream's most recent round was a Series A of $8.0M in Nov 2025.

### What was Downstream's biggest round?

Its most recent round, $8.0M in Nov 2025, is also its largest on record.

### Who backed Downstream first?

Downstream's first round on record, in Nov 2025, was backed by FJ Labs and Moneta Ventures.

### What stage is Downstream at?

Downstream's latest named round is a Series A, in Nov 2025.

### Where is Downstream based?

Downstream is based in the United States.

## Companies like Downstream

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

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Mach9** $46M · Oct 2026](https://millionrounds.com/company/mach9)[**Fireworks AI** $1.7B · Oct 2026](https://millionrounds.com/company/fireworks-ai)[**ASI** $325M · Oct 2026](https://millionrounds.com/company/asi)[**Fragment** $22M · Oct 2026](https://millionrounds.com/company/fragment)

## 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