# Frolo funding: rounds and investors

> Frolo has raised $1.3M across 4 rounds since 2021. Investors include Ada Ventures. Every round with its source.

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

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

# Who invested in *Frolo*

4 rounds we have observed, with the one investor 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.

Community

Funding summary Updated 26 Oct 2026

**$1.3M** raised across 4 rounds since 2021, from 4 sources

**$500K** Seed **$480K** Seed **$179K** Round **$138K** Round

- **Latest round:** Round, $138K Mar 2024
- **Biggest round:** $500K Seed · Dec 2021
- **Investors:** 1

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.

2022 2023 2024

**$500K** Seed

**$480K** Seed

**$179K** Round

**$138K** Round

- **First round:** Seed, $500K
- **Biggest round:** $500K
- **Usual gap between rounds:** 8 months

## The rounds

- **Mar 2024** Round **$138K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Oct 2023** Round **$179K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Aug 2022** Seed **$480K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Dec 2021** Seed **$500K** *1 new* [Ada Ventures](https://millionrounds.com/fund/ada-ventures) Source recorded

## Funding filed with regulators

Frolo filed 4 raises, $1.5M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2024 **$138K** UK share allotment
- Oct 2023 **$179K** UK share allotment
- Aug 2022 **$480K** UK share allotment
- Nov 2021 **$667K** UK share allotment

## Everyone who backed them

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

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

## Quick answers about Frolo

### Who invested in Frolo?

Frolo's investors include Ada Ventures.

### How much has Frolo raised?

Frolo has raised $1.3M across 4 rounds since 2021.

### When did Frolo last raise?

Frolo's most recent round, $138K, was in Mar 2024.

### What was Frolo's biggest round?

Frolo's largest round on record is $500K (Seed), in Dec 2021.

### Who backed Frolo first?

Frolo's first round on record, in Dec 2021, was backed by Ada Ventures.

### What stage is Frolo at?

Frolo's latest named round is a Seed, in Aug 2022.

### Where is Frolo based?

Frolo is based in the United Kingdom.

## Companies like Frolo

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

[**Nudge Community Builders** $649K · Sept 2025](https://millionrounds.com/company/nudge-community-builders)[**Beam** $168M · Aug 2025](https://millionrounds.com/company/beam)[**ATOMica** $7.2M · Aug 2026](https://millionrounds.com/company/atomica)[**Sportway** $21M · Jun 2026](https://millionrounds.com/company/sportway)[**The Hub** $1.0M · Jun 2026](https://millionrounds.com/company/the-hub)[**Black Canadian Women in Action** $1.5M · Jun 2026](https://millionrounds.com/company/black-canadian-women-in-action)

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