# Dwolla funding: rounds and investors > Dwolla has raised $51M across 8 rounds since 2009. Investors include Union Square Ventures, Village Ventures and Andreessen Horowitz. Source: https://millionrounds.com/company/dwolla (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Dwolla* 8 rounds we have observed, with the 18 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. Fintech Funding summary Updated 26 Oct 2026 **$51M** raised across 8 rounds since 2009, from 9 sources **$250K** Seed **$55K** Grant **$1.0M** Series A **$5.0M** Series B **$17M** Series C **$9.7M** Series D **$6.8M** Round **$12M** Round - **Latest round:** Round, $12M Feb 2018 - **Led by:** Foundry Group/ Union Square - **Biggest round:** $17M Series C · May 2013 - **Step-up i:** 1.8× - **Investors:** 18 (1 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. 2011 2013 2015 2017 **$250K** Seed **$55K** Grant **$1.0M** Series A **$5.0M** Series B **$17M** Series C **$9.7M** Series D **$6.8M** Round **$12M** Round - **First round:** Seed, $250K - **Biggest round:** $17M - **Usual gap between rounds:** 15 months [**Dwolla** Fintech 1 / 18 Their pitch deck **Dwolla's pitch deck, 18 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/dwolla) ## The rounds - **Feb 2018** Round **$12M** *4 new* *1 returning* Foundry Group/ Union Square Lead [High Alpha](https://millionrounds.com/fund/high-alpha) [Firebrand Ventures](https://millionrounds.com/fund/firebrand-ventures) [Next Level](https://millionrounds.com/fund/next-level) Ludlow Reported by Clayandmilk SEC filing: $12M sold, first sale Feb 2018 - **Jan 2017** Round **$6.8M** *6 new* *1 returning* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) [High Alpha](https://millionrounds.com/fund/high-alpha) [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) [Foundry Venture Capital 2016, L.P](https://millionrounds.com/fund/foundry-venture-capital-2016-l-p) [Next Level Ventures](https://millionrounds.com/fund/next-level-ventures) Foundry Group/ Next Level Ventures Reported by Clayandmilk and 1 other SEC filing: $6.9M sold, first sale Sept 2016 - **Sept 2014** Series D **$9.7M** *1 new* *3 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Village Ventures](https://millionrounds.com/fund/village-ventures) [CME Ventures](https://millionrounds.com/fund/cme-group) From a historical funding record - **May 2013** Series C **$17M** *1 new* *3 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [Village Ventures](https://millionrounds.com/fund/village-ventures) Reported by techcrunch.com - **Feb 2012** Series B **$5.0M** *6 new* [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [Village Ventures](https://millionrounds.com/fund/village-ventures) [Paige Craig](https://millionrounds.com/fund/paige-craig) [SeventySix Capital](https://millionrounds.com/fund/seventysix-capital) BetterWorks (Closed) Reported by techcrunch.com SEC filing: $5.0M sold, first sale Feb 2012 - **Nov 2010** Series A **$1.0M** No investor was named in the report. Reported by siliconprairienews.com - **Mar 2010** Grant **$55K** No investor was named in the report. Reported by iowalifechanging.com - **Nov 2009** Seed **$250K** No investor was named in the report. From a historical funding record ## Founders and team From the SEC filings it signed: 3 on the team. - **Ben Milne** Executive Officer, Director i - **Brady Harris** Executive Officer, Director i - **Dave Glaser** Executive Officer i On the board, as filed i *Albert Wenger* *Alexander Kemper* *Chris Moody* *Craig Ibsen* ## 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. **Seed** 2009 **Grant** 2010 **Series A** 2010 **Series B** 2012 **Series C** 2013 **Series D** 2014 **Round** 2017 **Round** 2018 [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Village Ventures](https://millionrounds.com/fund/village-ventures) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [High Alpha](https://millionrounds.com/fund/high-alpha) Foundry Group/ Union Square L [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) [Paige Craig](https://millionrounds.com/fund/paige-craig) [SeventySix Capital](https://millionrounds.com/fund/seventysix-capital) [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) ## Everyone who backed them [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) VC firm **4** rounds [Village Ventures](https://millionrounds.com/fund/village-ventures) VC firm **3** rounds [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Accelerator **2** rounds [High Alpha](https://millionrounds.com/fund/high-alpha) VC firm **2** rounds Foundry Group/ Union Square no record of our own yet **1** round, led 1 [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) VC firm **1** round [Paige Craig](https://millionrounds.com/fund/paige-craig) Angel **1** round [SeventySix Capital](https://millionrounds.com/fund/seventysix-capital) VC firm **1** round [Detroit Venture Partners](https://millionrounds.com/fund/detroit-venture-partners) VC firm **1** round [CME Ventures](https://millionrounds.com/fund/cme-group) Corporate VC **1** round [Firebrand Ventures](https://millionrounds.com/fund/firebrand-ventures) VC firm **1** round [Foundry Venture Capital 2016, L.P](https://millionrounds.com/fund/foundry-venture-capital-2016-l-p) VC firm **1** round [Next Level Ventures](https://millionrounds.com/fund/next-level-ventures) VC firm **1** round [Next Level](https://millionrounds.com/fund/next-level) Private equity **1** round BetterWorks (Closed) no record of our own yet **1** round Foundry Group/ Next Level Ventures no record of our own yet **1** round Ludlow no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=dwolla). ## Also claim to have backed them These 3 firms list Dwolla 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. [High Alpha Capital](https://millionrounds.com/fund/high-alpha-capital) Venture studio 2026, per its site [Catalpa Ventures Family Office](https://millionrounds.com/fund/catalpa-ventures-family-office) Family office Per its own site [Three Thousand Capital](https://millionrounds.com/fund/three-thousand-capital) VC firm Per its own site ## Quick answers about Dwolla ### Who invested in Dwolla? Dwolla's investors include Union Square Ventures, Village Ventures, Andreessen Horowitz, Thrive Capital and High Alpha, and 13 more on record. Foundry Group/ Union Square led its latest round. ### How much has Dwolla raised? Dwolla has raised $51M across 8 rounds since 2009. ### When did Dwolla last raise? Dwolla's most recent round was an Undisclosed round of $12M in Feb 2018, led by Foundry Group/ Union Square. ### What was Dwolla's biggest round? Dwolla's largest round on record is $17M (Series C), in May 2013. ### Who backed Dwolla first? Dwolla's first round on record, in Feb 2012, was backed by Union Square Ventures, Thrive Capital and Village Ventures and 3 others. ### What stage is Dwolla at? Dwolla's latest named round is an Undisclosed round, in Feb 2018. ### Where is Dwolla based? Dwolla is based in the United States. ### Who led Dwolla's rounds? Foundry Group/ Union Square led the Undisclosed round in 2018. ## Companies like Dwolla In the same sector, and raised in the last eighteen months. 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