# Flow funding: rounds and investors > Flow has raised $173M across 11 rounds since 2015. Investors include Forerunner Ventures, Kalon Venture Partners and Futuregrowth Asset Management. Source: https://millionrounds.com/company/flow (Millionrounds; every figure on the page links to its filing or article) South Africa · [Series B startup](https://millionrounds.com/companies) # Who invested in *Flow* 11 rounds we have observed, with the 24 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 B2B Big Data & Analytics Biotech Follow Flow and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fflow) Funding summary Updated 5 Nov 2026 **$173M** raised across 11 rounds since 2015, from 12 sources **$37M** Series B **$100M** Series B - **Latest round:** Series B, $100M Apr 2025 - **Step-up i:** 16.7× - **Investors:** 24 (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. 2017 2019 2021 2023 2025 **$1.2M** Round **$16M** Series A **$1.5M** Round **$1.5M** Round **?** Venture **$3.8M** Seed **$4.5M** Pre-seed **$6.0M** Venture **$100M** Series B - **First round:** Round, $1.2M - **Biggest round:** $100M - **Usual gap between rounds:** 9 months ## The rounds - **Apr 2025** Series B **$100M** *1 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Reported by TechCrunch - **Aug 2024** Venture **$6.0M** *3 new* [HOF Capital](https://millionrounds.com/fund/hof-capital) [MANTIS Venture Capital](https://millionrounds.com/fund/mantis-venture-capital) [GFR Fund](https://millionrounds.com/fund/gfr-fund) Source recorded - **Jan 2023** Pre-seed **$4.5M** *5 new* *1 returning* [Futuregrowth Asset Management](https://millionrounds.com/fund/futuregrowth-asset-management) Lead [Kalon Venture Partners](https://millionrounds.com/fund/kalon-venture-partners) [Buffet Investments](https://millionrounds.com/fund/buffet-investments) [Endeavour Harvest Fund](https://millionrounds.com/fund/endeavour-harvest-fund) [Steven Heilbron](https://millionrounds.com/fund/steven-heilbron) [Vunani Fintech Fund](https://millionrounds.com/fund/vunani-fintech-fund) Reported by Kalon Venture Partners - **Jun 2022** Seed **$1.1M** No investor was named in the report. Source recorded SEC filing: $475K sold, first sale Feb 2022 - **Apr 2022** Seed **$3.8M** *1 new* [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) Source recorded SEC filing: $475K sold, first sale Feb 2022 - **Jan 2022** Venture **Amount undisclosed** *4 new* [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [CoinFund](https://millionrounds.com/fund/coinfund) [SNZ Holding](https://millionrounds.com/fund/snz-capital) [North Island Ventures](https://millionrounds.com/fund/north-island-ventures) Source recorded SEC filing: $475K sold, first sale Feb 2022 - **Dec 2019** Series B **$37M** *6 new* *1 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) [American Express Ventures](https://millionrounds.com/fund/american-express-ventures) [Latitude Ventures](https://millionrounds.com/fund/latitude-ventures) Reported by FinSMEs and 1 other SEC filing: $37M sold, first sale Sept 2019 - **Jul 2019** Round **$1.5M** *1 new* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) Reported by Tech.eu - **Jan 2019** Round **$1.5M** *1 new* [Kalon Venture Partners](https://millionrounds.com/fund/kalon-venture-partners) Reported by Digestafrica - **Apr 2017** Series A **$16M** *2 new* [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) Bain Capital Ventures/ Fung Reported by FinSMEs - **Aug 2015** Round **$1.2M** No investor was named in the report. From a historical funding record ## Founders and team From Flow's own website: 1 founder. **David Fisher** Co-founder, 9Yards Capital ## 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 **Series B** 2019 **Venture** 2022 **Seed** 2022 **Seed** 2022 **Pre-seed** 2023 **Venture** 2024 **Series B** 2025 [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) [Kalon Venture Partners](https://millionrounds.com/fund/kalon-venture-partners) [Futuregrowth Asset Management](https://millionrounds.com/fund/futuregrowth-asset-management) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) ## Everyone who backed them [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) VC firm **2** rounds [Kalon Venture Partners](https://millionrounds.com/fund/kalon-venture-partners) VC firm **2** rounds [Futuregrowth Asset Management](https://millionrounds.com/fund/futuregrowth-asset-management) VC firm **1** round, led 1 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **1** round [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round [BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **1** round [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **1** round [LocalGlobe](https://millionrounds.com/fund/localglobe) VC firm **1** round [Valor Capital Group](https://millionrounds.com/fund/valor-capital) VC firm **1** round [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) VC firm **1** round [HOF Capital](https://millionrounds.com/fund/hof-capital) VC firm **1** round [MANTIS Venture Capital](https://millionrounds.com/fund/mantis-venture-capital) VC firm **1** round [CoinFund](https://millionrounds.com/fund/coinfund) VC firm **1** round [American Express Ventures](https://millionrounds.com/fund/american-express-ventures) VC firm **1** round [GFR Fund](https://millionrounds.com/fund/gfr-fund) VC firm **1** round [SNZ Holding](https://millionrounds.com/fund/snz-capital) VC firm **1** round [North Island Ventures](https://millionrounds.com/fund/north-island-ventures) VC firm **1** round [Buffet Investments](https://millionrounds.com/fund/buffet-investments) VC firm **1** round [Latitude Ventures](https://millionrounds.com/fund/latitude-ventures) VC firm **1** round [Endeavour Harvest Fund](https://millionrounds.com/fund/endeavour-harvest-fund) VC firm **1** round [Steven Heilbron](https://millionrounds.com/fund/steven-heilbron) VC firm **1** round [Vunani Fintech Fund](https://millionrounds.com/fund/vunani-fintech-fund) VC firm **1** round Bain Capital Ventures/ Fung 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=flow). ## Quick answers about Flow ### Who invested in Flow? Flow's investors include Forerunner Ventures, Kalon Venture Partners, Futuregrowth Asset Management, Andreessen Horowitz and New Enterprise Associates, and 19 more on record. ### How much has Flow raised? Flow has raised $173M across 11 rounds since 2015. One round did not disclose an amount, so the total is a floor. ### When did Flow last raise? Flow's most recent round was a Series B of $100M in Apr 2025. ### What was Flow's biggest round? Its most recent round, $100M in Apr 2025, is also its largest on record. ### Who backed Flow first? Flow's first round on record, in Apr 2017, was backed by Forerunner Ventures and Bain Capital Ventures/ Fung. ### What stage is Flow at? Flow's latest named round is a Series B, in Apr 2025. ### Where is Flow based? Flow is based in South Africa. ### Who led Flow's rounds? Futuregrowth Asset Management led the Pre-seed in 2023. ## Companies like Flow In the same sector, and raised in the last eighteen months. [**Kuunda** $13M · Oct 2026](https://millionrounds.com/company/kuunda)[**HealthLeap** $38M · Oct 2026](https://millionrounds.com/company/healthleap)[**Tennsa** $61K · Aug 2026](https://millionrounds.com/company/tennsa)[**Shiprazor** $2.6M · May 2026](https://millionrounds.com/company/shiprazor)[**AI Diagnostics** $5.2M · Apr 2026](https://millionrounds.com/company/ai-diagnostics)[**LittleFish** $9.5M · Mar 2026](https://millionrounds.com/company/littlefish) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app