Australia · Growth startup

Who invested in Fluent Commerce

2 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.

AIRetailSoftware

Raised 9 months ago

Funding summaryUpdated 5 Nov 2026

$55Mraised across 2 rounds since 2019, from 3 sources

$22MSeries B$33MGrowth
Latest round
Growth, $33MFeb 2026
Led by
Bain Capital
Step-upi
1.5×
Investors
4 (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.

2020202120222023202420252026
$22MSeries B$33MGrowth
First round
Series B, $22M
Aug 2019
Biggest round
$33M
Growth · Feb 2026
Between rounds
6.6 years
from the last two

The rounds

  1. Feb 2026
    Growth$33M3 new

    Reported by Ventureburn and 1 other

  2. Aug 2019
    Series B$22M1 new

    Reported by Which-50

Founders and team

From Fluent Commerce's own website: 10 on the team.

  • Graham JacksonCEO
  • Darius CoveneyCOO/CFO
  • Jamie CairnsChief Growth Officer
  • Nicola KinsellaChief Strategy Officer
  • Rob CrowleyChief Technology Officer
  • Alan JacksonVP Solution Engineering & Presales
  • Alex PusenjakVP People & Culture
  • Ingrid BernardGlobal VP Customer Success
  • Keith ChongVP Finance
  • Rob ShawGeneral Manager EMEA

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.

Everyone who backed them

Bain CapitalPrivate equity1round, led 1
January CapitalVC firm1round
Five V CapitalPrivate equity1round
Arrowroot Capital ManagementGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Fluent Commerce 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.

Partners for GrowthVC firmPer its own site

Quick answers about Fluent Commerce

Who invested in Fluent Commerce?

Fluent Commerce's investors include Bain Capital, January Capital, Five V Capital and Arrowroot Capital Management. Bain Capital led its latest round.

How much has Fluent Commerce raised?

Fluent Commerce has raised $55M across 2 rounds since 2019.

When did Fluent Commerce last raise?

Fluent Commerce's most recent round was a Growth of $33M in Feb 2026, led by Bain Capital.

What was Fluent Commerce's biggest round?

Its most recent round, $33M in Feb 2026, is also its largest on record.

Who backed Fluent Commerce first?

Fluent Commerce's first round on record, in Aug 2019, was backed by Arrowroot Capital Management.

What stage is Fluent Commerce at?

Fluent Commerce's latest named round is a Growth, in Feb 2026.

Where is Fluent Commerce based?

Fluent Commerce is based in Australia.

Who led Fluent Commerce's rounds?

Bain Capital led the Growth in 2026.

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