# Emerge funding: rounds and investors

> Emerge has raised $171M across 6 rounds since 2016. Investors include Greycroft, One Way Ventures and M13. Every round with its source.

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

New Zealand · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Emerge*

6 rounds we have observed, with the 22 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.

Financial Services Fintech Logistics VR & AR

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Funding summary Updated 5 Nov 2026

**$171M** raised across 6 rounds since 2016, from 7 sources

**$130M** Series B

- **Latest round:** Series A, $7.3M Oct 2024
- **Led by:** Altered Capital
- **Biggest round:** $130M Series B · Sept 2021
- **Investors:** 22 (2 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.

2018 2020 2022 2024

**$1.8M** Round

**$20M** Seed

**$12M** Series A

**$130M** Series B

**?** Venture

**$7.3M** Series A

- **First round:** Round, $1.8M
- **Biggest round:** $130M
- **Usual gap between rounds:** 22 months

## The rounds

- **Oct 2024** Series A **$7.3M** *9 new* [Altered Capital](https://millionrounds.com/fund/altered-capital) Lead [Angel Invest](https://millionrounds.com/fund/angel-invest) [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [SE Ventures](https://millionrounds.com/fund/se-ventures) [K1W1](https://millionrounds.com/fund/k1w1) [Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) [NZVC](https://millionrounds.com/fund/nzvc) [Hard Yaka](https://millionrounds.com/fund/hard-yaka) [NZ Fintech Fund](https://millionrounds.com/fund/nz-fintech-fund) Reported by Startup Daily SEC filing: $350K sold, first sale Oct 2024
- **Aug 2024** Venture **Amount undisclosed** *3 new* *1 returning* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [One Way Ventures](https://millionrounds.com/fund/one-way-ventures) [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) Source recorded
- **Sept 2021** Series B **$130M** *3 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Greycroft](https://millionrounds.com/fund/greycroft) [9Yards Capital](https://millionrounds.com/fund/9yards-capital) Source recorded
- **Nov 2019** Series A **$12M** *6 new* [M13](https://millionrounds.com/fund/m13) Lead [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) [One Way Ventures](https://millionrounds.com/fund/one-way-ventures) [Ocean Azul Partners](https://millionrounds.com/fund/ocean-azul-partners) [LionTree](https://millionrounds.com/fund/liontree) [Rokk3r Fuel EXO](https://millionrounds.com/fund/rokk3r-fuel-exo) Reported by FinSMEs and 1 other
- **Nov 2018** Seed **$20M** *1 new* [Greycroft](https://millionrounds.com/fund/greycroft) Reported by FinSMEs
- **Dec 2016** Round **$1.8M** No investor was named in the report. Reported by FinSMEs

## Founders and team

From Emerge's own website: 2 founders, 6 on the team.

**Michael Leto** Co-Founder & President

**Andrew Leto** Founder

- **Mark McEntire** CEO
- **Ben Sanders** CTO
- **Brad Blomstrom** CFO
- **Jordan Brychell** VP of Operations
- **Boris Robles-Slyusar** Director of Marketing
- **Jack Holmes** Executive Chairman

## 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.

**Round** 2016 **Seed** 2018 **Series A** 2019 **Series B** 2021 **Venture** 2024 **Series A** 2024 [Greycroft](https://millionrounds.com/fund/greycroft) [One Way Ventures](https://millionrounds.com/fund/one-way-ventures) [M13](https://millionrounds.com/fund/m13) L [Altered Capital](https://millionrounds.com/fund/altered-capital) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Angel Invest](https://millionrounds.com/fund/angel-invest) [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures)

## Everyone who backed them

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

[One Way Ventures](https://millionrounds.com/fund/one-way-ventures) VC firm **2** rounds

[M13](https://millionrounds.com/fund/m13) VC firm **1** round, led 1

[Altered Capital](https://millionrounds.com/fund/altered-capital) VC firm **1** round, led 1

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

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round

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

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

[Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) Family office **1** round

[SE Ventures](https://millionrounds.com/fund/se-ventures) Corporate VC **1** round

[K1W1](https://millionrounds.com/fund/k1w1) Investment firm **1** round

[9Yards Capital](https://millionrounds.com/fund/9yards-capital) VC firm **1** round

[Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) VC firm **1** round

[Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) Angel network **1** round

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

[Ocean Azul Partners](https://millionrounds.com/fund/ocean-azul-partners) VC firm **1** round

[Hard Yaka](https://millionrounds.com/fund/hard-yaka) VC firm **1** round

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

[NZ Fintech Fund](https://millionrounds.com/fund/nz-fintech-fund) VC firm **1** round

[Rokk3r Fuel EXO](https://millionrounds.com/fund/rokk3r-fuel-exo) VC firm **1** round

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

## Also claim to have backed them

These 3 firms list Emerge 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.

[Interplay](https://millionrounds.com/fund/interplay) Family office Per its own site

[Venture 53](https://millionrounds.com/fund/venture53) Accelerator Per its own site

[Arcturus Venture](https://millionrounds.com/fund/arcturus-venture) VC firm Per its own site

## Quick answers about Emerge

### Who invested in Emerge?

Emerge's investors include Greycroft, One Way Ventures, M13, Altered Capital and Y Combinator, and 17 more on record. Altered Capital led its latest round.

### How much has Emerge raised?

Emerge has raised $171M across 6 rounds since 2016. One round did not disclose an amount, so the total is a floor.

### When did Emerge last raise?

Emerge's most recent round was a Series A of $7.3M in Oct 2024, led by Altered Capital.

### What was Emerge's biggest round?

Emerge's largest round on record is $130M (Series B), in Sept 2021.

### Who backed Emerge first?

Emerge's first round on record, in Nov 2018, was backed by Greycroft.

### What stage is Emerge at?

Emerge's latest named round is a Series A, in Oct 2024.

### Where is Emerge based?

Emerge is based in New Zealand.

### Who led Emerge's rounds?

M13 led the Series A in 2019; Altered Capital led the Series A in 2024.

## Companies like Emerge

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

[**Qippay** $2.8M · Oct 2026](https://millionrounds.com/company/qippay)[**Vessev** $23M · Aug 2026](https://millionrounds.com/company/vessev)[**Harmoney** $164M · May 2026](https://millionrounds.com/company/harmoney)[**Hnry** $19M · Dec 2025](https://millionrounds.com/company/hnry)[**Huckleberry** $1.2M · Oct 2025](https://millionrounds.com/company/huckleberry)[**Javln** $4.0M · Oct 2025](https://millionrounds.com/company/javln)

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