# Frugal funding: rounds and investors

> Frugal has raised $5.0M across 1 round since 2025. Investors include Mistral. Every round with its source.

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

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

# Who invested in *Frugal*

One round we have observed, with the one investor 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.

Big Data & Analytics

Raised 12 months ago

Funding summary Updated 26 Oct 2026

**$5.0M** raised across 1 round since 2025, from 1 source

- **Latest round:** Seed, $5.0M Nov 2025
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2025** Seed **$5.0M** [Mistral](https://millionrounds.com/fund/mistral) Source recorded

## Founders and team

From Frugal's own website: 3 on the team.

- **Michael Weider** Chief Executive Officer
- **Craig Conboy** Chief Technical Officer
- **Rob Calendino** VP Of Engineering

## Everyone who backed them

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

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

## Quick answers about Frugal

### Who invested in Frugal?

Frugal's investors include Mistral.

### How much has Frugal raised?

Frugal has raised $5.0M across 1 round since 2025.

### When did Frugal last raise?

Frugal's most recent round was a Seed of $5.0M in Nov 2025.

### What was Frugal's biggest round?

Its most recent round, $5.0M in Nov 2025, is also its largest on record.

### Who backed Frugal first?

Frugal's first round on record, in Nov 2025, was backed by Mistral.

### What stage is Frugal at?

Frugal's latest named round is a Seed, in Nov 2025.

### Where is Frugal based?

Frugal is based in Canada.

## Companies like Frugal

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

[**Micrologic** $32M · Sept 2026](https://millionrounds.com/company/micrologic)[**Floqer** $1.7M · Jun 2026](https://millionrounds.com/company/floqer)[**Localintel Inc** $1.2M · May 2026](https://millionrounds.com/company/localintel-inc)[**GridBank** $6.0M · Apr 2026](https://millionrounds.com/company/gridbank)[**MappedIn** $52M · Apr 2026](https://millionrounds.com/company/mappedin)[**atreides** $1.8M · Mar 2026](https://millionrounds.com/company/atreides)

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