United States · Series A startup

Who invested in Functional Finance

One round we have observed, with the 3 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.

Financial Services

Funding summaryUpdated 26 Oct 2026

$20Mraised across 1 round since 2024, from 1 source

Latest round
Series A, $20MMay 2024
Investors
3
See who backed them

The rounds

  1. May 2024
    Series A$20M

    Source recordedSEC filing: $17M sold, first sale May 2024

Founders and team

From Functional Finance's own website and the SEC filings it signed: 1 founder, 4 on the team.

Rashmi MelgiriCo-Founder & CEONamed on its 2024 Form D
  • Jim ErmilioPresident
  • Linda BriscoeChief Customer Officer
  • Anthony DeGangiExecutive Officer, Directori
  • James ErmilioExecutive Officeri

On the board, as filediJoshua Diamond

Everyone who backed them

Gold House VenturesAccelerator1round
Munich Re VenturesCorporate VC1round

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

Quick answers about Functional Finance

Who invested in Functional Finance?

Functional Finance's investors include New Enterprise Associates, Gold House Ventures and Munich Re Ventures.

How much has Functional Finance raised?

Functional Finance has raised $20M across 1 round since 2024.

When did Functional Finance last raise?

Functional Finance's most recent round was a Series A of $20M in May 2024.

What was Functional Finance's biggest round?

Its most recent round, $20M in May 2024, is also its largest on record.

Who backed Functional Finance first?

Functional Finance's first round on record, in May 2024, was backed by New Enterprise Associates, Gold House Ventures and Munich Re Ventures.

What stage is Functional Finance at?

Functional Finance's latest named round is a Series A, in May 2024.

Where is Functional Finance based?

Functional Finance is based in the United States.

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