# Federato funding: rounds and investors > Federato has raised $140M across 2 rounds since 2024. Investors include StepStone Group, Pear VC and Caffeinated Capital. Every round with its source. Source: https://millionrounds.com/company/federato (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Federato* 2 rounds we have observed, with the 5 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 Insurtech Raised 12 months ago Follow Federato and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ffederato) Funding summary Updated 5 Nov 2026 **$140M** raised across 2 rounds since 2024, from 2 sources **$40M** Series C **$100M** Series D - **Latest round:** Series D, $100M Nov 2025 - **Step-up i:** 2.5× - **Investors:** 5 (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. 2025 **$40M** Series C **$100M** Series D - **First round:** Series C, $40M - **Biggest round:** $100M - **Between rounds:** 11 months ## The rounds - **Nov 2025** Series D **$100M** *1 new* *4 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Pear VC](https://millionrounds.com/fund/pear-vc) [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) [StepStone Group](https://millionrounds.com/fund/stepstone-group) [Emergence Capital](https://millionrounds.com/fund/emergence-capital) Source recorded SEC filing: $100M sold, first sale Nov 2025 - **Nov 2024** Series C **$40M** *4 new* [StepStone Group](https://millionrounds.com/fund/stepstone-group) Lead [Pear VC](https://millionrounds.com/fund/pear-vc) [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) [Emergence Capital](https://millionrounds.com/fund/emergence-capital) Reported by TechCrunch SEC filing: $35M sold, first sale Nov 2024 ## Founders and team From Federato's own website: 2 founders, 4 on the team. **Will Ross** CEO & Co-Founder **William Steenbergen** CTO & Co-Founder - **Lisa Khoury** Chief Marketing Officer - **Megan Bock** Chief Operating Officer - **Tim Mossing** Chief Customer Officer - **Yogesh Sapre** Chief Revenue Officer ## 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 C** 2024 **Series D** 2025 [StepStone Group](https://millionrounds.com/fund/stepstone-group) L [Pear VC](https://millionrounds.com/fund/pear-vc) [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) [Emergence Capital](https://millionrounds.com/fund/emergence-capital) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) ## Everyone who backed them [StepStone Group](https://millionrounds.com/fund/stepstone-group) Fund of funds **2** rounds, led 1 [Pear VC](https://millionrounds.com/fund/pear-vc) VC firm **2** rounds [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) VC firm **2** rounds [Emergence Capital](https://millionrounds.com/fund/emergence-capital) VC firm **2** rounds [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=federato). ## Also claim to have backed them This firm lists Federato as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Sterling Road](https://millionrounds.com/fund/sterling-road) VC firm Per its own site ## Quick answers about Federato ### Who invested in Federato? Federato's investors include StepStone Group, Pear VC, Caffeinated Capital, Emergence Capital and Goldman Sachs. ### How much has Federato raised? Federato has raised $140M across 2 rounds since 2024. ### When did Federato last raise? Federato's most recent round was a Series D of $100M in Nov 2025. ### What was Federato's biggest round? Its most recent round, $100M in Nov 2025, is also its largest on record. ### Who backed Federato first? Federato's first round on record, in Nov 2024, was backed by StepStone Group, Pear VC and Caffeinated Capital and 1 others. ### What stage is Federato at? Federato's latest named round is a Series D, in Nov 2025. ### Where is Federato based? Federato is based in the United States. ### Who led Federato's rounds? StepStone Group led the Series C in 2024. ## Companies like Federato In the same sector, and raised in the last eighteen months. 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