# Fondo funding: rounds and investors

> Fondo has raised $7.0M across 1 round since 2024. Investors include Y Combinator, Index Ventures and Liquid 2 Ventures. Every round with its source.

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

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Fondo*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Professional Services

Y Combinator: W18

Funding summary Updated 26 Oct 2026

**$7.0M** raised across 1 round since 2024, from 1 source

- **Latest round:** Seed, $7.0M Nov 2024
- **Investors:** 5

See who backed them

## The rounds

- **Nov 2024** Seed **$7.0M** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Index Ventures](https://millionrounds.com/fund/index-ventures) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) [Next Coast Ventures](https://millionrounds.com/fund/next-coast-ventures) Source recorded

## Founders and team

From Fondo's own website: 1 founder, 5 on the team.

**David J. Phillips** Founder & CEO

- **Diane E. McCormack** Chief People Officer
- **Anatoli Silva** Head of Finance
- **Patrick Brennan** Head of Engineering
- **Dylan S. Phillips** Director of New Media
- **Stefan Gomez** Director of Startup Solutions

## Everyone who backed them

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

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

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round

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

[Next Coast Ventures](https://millionrounds.com/fund/next-coast-ventures) VC firm **1** round

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

## Quick answers about Fondo

### Who invested in Fondo?

Fondo's investors include Y Combinator, Index Ventures, Liquid 2 Ventures, Costanoa Ventures and Next Coast Ventures.

### How much has Fondo raised?

Fondo has raised $7.0M across 1 round since 2024.

### When did Fondo last raise?

Fondo's most recent round was a Seed of $7.0M in Nov 2024.

### What was Fondo's biggest round?

Its most recent round, $7.0M in Nov 2024, is also its largest on record.

### Who backed Fondo first?

Fondo's first round on record, in Nov 2024, was backed by Y Combinator, Index Ventures and Liquid 2 Ventures and 2 others.

### What stage is Fondo at?

Fondo's latest named round is a Seed, in Nov 2024.

### Where is Fondo based?

Fondo is based in the United States.

## Companies like Fondo

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

[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)[**Qualitate** $32M · Oct 2026](https://millionrounds.com/company/qualitate)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group)[**Remitian** $27M · Oct 2026](https://millionrounds.com/company/remitian)[**Fortastra** $38M · Oct 2026](https://millionrounds.com/company/fortastra)[**Confido** $82M · Sept 2026](https://millionrounds.com/company/confido)

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