# Elsa funding: rounds and investors

> Elsa has raised $38M across 4 rounds since 2018. Investors include SOSV, Bossa Invest and Endeavor Catalyst. Every round with its source.

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

Sweden · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Elsa*

4 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.

Biotech Edtech

Funding summary Updated 26 Oct 2026

**$38M** raised across 4 rounds since 2018, from 4 sources

**$3.2M** Series A **$7.0M** Series A **$4.4M** Seed **$23M** Series C

- **Latest round:** Series C, $23M Sept 2023
- **Step-up i:** 5.2×
- **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.

2018 2019 2020 2021 2022 2023

**$3.2M** Series A

**$7.0M** Series A

**$4.4M** Seed

**$23M** Series C

- **First round:** Series A, $3.2M
- **Biggest round:** $23M
- **Usual gap between rounds:** 22 months

## The rounds

- **Sept 2023** Series C **$23M** *3 new* *1 returning* [SOSV](https://millionrounds.com/fund/sosv) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [UOB Venture](https://millionrounds.com/fund/uob-venture) Source recorded
- **Nov 2021** Seed **$4.4M** *2 new* [Inventure](https://millionrounds.com/fund/inventure) [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) Source recorded
- **Feb 2019** Series A **$7.0M** *2 new* [SOSV](https://millionrounds.com/fund/sosv) Gradient Ventures/ Monk’s Hill Reported by FinSMEs
- **Mar 2018** Series A **$3.2M** *1 new* [Monk's Hill Ventures](https://millionrounds.com/fund/monk-s-hill-ventures) Reported by FinSMEs SEC filing: $3.1M sold, first sale Mar 2018

## Founders and team

From Elsa's own website: 5 on the team.

- **Akshaya Aradhya** CTO
- **Mansi Sharma** VP, Growth & Marketing
- **Matan Cohen** VP Finance
- **Will Polese** Global VP of Revenue
- **Charles Wong** Global Human Resources Director

## 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** 2018 **Series A** 2019 **Seed** 2021 **Series C** 2023 [SOSV](https://millionrounds.com/fund/sosv) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Inventure](https://millionrounds.com/fund/inventure) [UOB Venture](https://millionrounds.com/fund/uob-venture) [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) [Monk's Hill Ventures](https://millionrounds.com/fund/monk-s-hill-ventures) Gradient Ventures/ Monk’s Hill

## Everyone who backed them

[SOSV](https://millionrounds.com/fund/sosv) VC firm **2** rounds

[Bossa Invest](https://millionrounds.com/fund/bossa-invest) VC firm **1** round

[Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round

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

[UOB Venture](https://millionrounds.com/fund/uob-venture) VC firm **1** round

[Norrsken VC](https://millionrounds.com/fund/norrsken-vc) Accelerator **1** round

[Monk's Hill Ventures](https://millionrounds.com/fund/monk-s-hill-ventures) VC firm **1** round

Gradient Ventures/ Monk’s Hill 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=elsa).

## Also claim to have backed them

These 4 firms list Elsa 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.

[Gradient](https://millionrounds.com/fund/gradient-ventures) VC firm Per its own site

[Globant Ventures](https://millionrounds.com/fund/globant-ventures) Accelerator Per its own site

[SAVVi Code](https://millionrounds.com/fund/savvi-code) Company Per its own site

[TR Capital](https://millionrounds.com/fund/tr-capital-group) Private equity Per its own site

## Quick answers about Elsa

### Who invested in Elsa?

Elsa's investors include SOSV, Bossa Invest, Endeavor Catalyst, Inventure and UOB Venture, and 3 more on record.

### How much has Elsa raised?

Elsa has raised $38M across 4 rounds since 2018.

### When did Elsa last raise?

Elsa's most recent round was a Series C of $23M in Sept 2023.

### What was Elsa's biggest round?

Its most recent round, $23M in Sept 2023, is also its largest on record.

### Who backed Elsa first?

Elsa's first round on record, in Mar 2018, was backed by Monk's Hill Ventures.

### What stage is Elsa at?

Elsa's latest named round is a Series C, in Sept 2023.

### Where is Elsa based?

Elsa is based in Sweden.

## Companies like Elsa

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

[**Neko Health** $1.7B · Sept 2026](https://millionrounds.com/company/neko-health)[**OncoZenge** $3.9M · Sept 2026](https://millionrounds.com/company/oncozenge)[**CubaseBio** $9.2M · Sept 2026](https://millionrounds.com/company/cubasebio)[**EnginZyme** $7.6M · Sept 2026](https://millionrounds.com/company/enginzyme)[**Pixelgen Technologies** $29M · Aug 2026](https://millionrounds.com/company/pixelgen-technologies)[**GenomeVault** $515K · Jul 2026](https://millionrounds.com/company/genomevault)

## Find investors like these

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