# Flagstone funding: rounds and investors

> Flagstone has raised $271M across 3 rounds since 2019. Investors include Kindred Capital, Omers Ventures and VentureFounders. Every round with its source.

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

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Flagstone*

3 rounds we have observed, with the 4 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

Funding summary Updated 26 Oct 2026

**$271M** raised across 3 rounds since 2019, from 3 sources

**$14M** Round **$138M** Growth **$119M** Venture

- **Latest round:** Venture, $119M Jun 2024
- **Biggest round:** $138M Growth · Mar 2024
- **Investors:** 4

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.

2020 2021 2022 2023 2024

**$14M** Round

**$138M** Growth

**$119M** Venture

- **First round:** Round, $14M
- **Biggest round:** $138M
- **Usual gap between rounds:** 4.8 years

## The rounds

- **Jun 2024** Venture **$119M** *2 returning* [Omers Ventures](https://millionrounds.com/fund/omers-ventures) [Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc) Source recorded SEC filing: $118M sold, first sale Jun 2024
- **Mar 2024** Growth **$138M** *1 new* *1 returning* [Omers Ventures](https://millionrounds.com/fund/omers-ventures) [Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc) Source recorded SEC filing: $118M sold, first sale Jun 2024
- **May 2019** Round **$14M** *3 new* [Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc) [VentureFounders](https://millionrounds.com/fund/venturefounders) Moneysupermarket Group Reported by FinSMEs

## Founders and team

From Flagstone's own website: 2 founders, 7 on the team.

**Andrew Thatcher** Co-Founder and Non-Executive Director

**Simon Merchant** Co-Founder and Chairman

- **Arman Tahmassebi** Chief Executive Officer
- **Darren Bentley** Chief Growth Officer
- **Francesco Fulcoli** Chief Compliance and Risk Officer
- **John Martin** Chief Product Officer
- **Lakhbir Sandhu** Chief Financial Officer
- **Lee Provoost** Chief Technology Officer
- **Susanna Brown** Chief People 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.

**Round** 2019 **Growth** 2024 **Venture** 2024 [Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc) [Omers Ventures](https://millionrounds.com/fund/omers-ventures) [VentureFounders](https://millionrounds.com/fund/venturefounders) Moneysupermarket Group

## Everyone who backed them

[Kindred Capital](https://millionrounds.com/fund/kindred-capital-vc) VC firm **3** rounds

[Omers Ventures](https://millionrounds.com/fund/omers-ventures) VC firm **2** rounds

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

Moneysupermarket Group 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=flagstone).

## Quick answers about Flagstone

### Who invested in Flagstone?

Flagstone's investors include Kindred Capital, Omers Ventures, VentureFounders and Moneysupermarket Group.

### How much has Flagstone raised?

Flagstone has raised $271M across 3 rounds since 2019.

### When did Flagstone last raise?

Flagstone's most recent round was a Venture of $119M in Jun 2024.

### What was Flagstone's biggest round?

Flagstone's largest round on record is $138M (Growth), in Mar 2024.

### Who backed Flagstone first?

Flagstone's first round on record, in May 2019, was backed by Kindred Capital, VentureFounders and Moneysupermarket Group.

### What stage is Flagstone at?

Flagstone's latest named round is a Venture, in Jun 2024.

### Where is Flagstone based?

Flagstone is based in the United Kingdom.

## Companies like Flagstone

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

[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Reactive Markets** Oct 2026](https://millionrounds.com/company/reactive-markets)[**IMMIX** $6.2M · Oct 2026](https://millionrounds.com/company/immix)[**TrueLayer** $376M · Oct 2026](https://millionrounds.com/company/truelayer)[**PlannerPal** $6.0M · Oct 2026](https://millionrounds.com/company/plannerpal)[**ELEMENTARYb** $4.2M · Sept 2026](https://millionrounds.com/company/elementaryb)

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