# Fundamental funding: rounds and investors > Fundamental has raised $480M across 2 rounds since 2026. Investors include Battery Ventures, Salesforce Ventures and Valor Equity Partners. Source: https://millionrounds.com/company/fundamental (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *Fundamental* 2 rounds we have observed, with the 9 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. AI Big Data & Analytics Raised 4 months ago Valuation: $1.4B, Mar 2026 Follow Fundamental and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ffundamental) Funding summary Updated 5 Nov 2026 **$480M** raised across 2 rounds since 2026, from 3 sources **$255M** Series A **$225M** Venture - **Latest round:** Venture, $225M Jul 2026 - **Biggest round:** $255M Series A · Feb 2026 - **Investors:** 9 (4 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. 2027 **$255M** Series A **$225M** Venture - **First round:** Series A, $255M - **Biggest round:** $255M - **Between rounds:** 5 months ## The rounds - **Jul 2026** Venture **$225M** *4 returning* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Headline](https://millionrounds.com/fund/headline) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Source recorded - **Feb 2026** Series A **$255M** *9 new* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) Lead [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Lead [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) Lead [Headline](https://millionrounds.com/fund/headline) [Olivier Pomel](https://millionrounds.com/fund/olivier-pomel) [Aravind Srinivas](https://millionrounds.com/fund/aravind-srinivas) [Henrique Dubugras](https://millionrounds.com/fund/henrique-dubugras) Hetz Ventures Reported by TechCrunch and 1 other ## Founders and team From Fundamental's own website: 2 on the team. - **Jonathan von Rueden** Chief AI Officer of SAP SE - **Takashi Sano** Chief Investment Officer at Mitsubishi UFJ Financial Group ## 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. **Series A** 2026 **Venture** 2026 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) L [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) L [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) L [Headline](https://millionrounds.com/fund/headline) [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) L [Olivier Pomel](https://millionrounds.com/fund/olivier-pomel) [Aravind Srinivas](https://millionrounds.com/fund/aravind-srinivas) [Henrique Dubugras](https://millionrounds.com/fund/henrique-dubugras) Hetz Ventures ## Everyone who backed them [Battery Ventures](https://millionrounds.com/fund/battery-ventures) VC firm **2** rounds, led 1 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **2** rounds, led 1 [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **2** rounds, led 1 [Headline](https://millionrounds.com/fund/headline) VC firm **2** rounds [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) VC firm **1** round, led 1 [Olivier Pomel](https://millionrounds.com/fund/olivier-pomel) VC firm **1** round [Aravind Srinivas](https://millionrounds.com/fund/aravind-srinivas) VC firm **1** round [Henrique Dubugras](https://millionrounds.com/fund/henrique-dubugras) Angel **1** round Hetz Ventures no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fundamental). ## Also claim to have backed them These 8 firms list Fundamental as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Motier Ventures](https://millionrounds.com/fund/motier-ventures) Family office Per its own site [Quadrille Capital](https://millionrounds.com/fund/quadrille-capital) VC firm Per its own site [Irregular Expressions](https://millionrounds.com/fund/irregular-expressions) Angel network Per its own site [Drysdale Ventures](https://millionrounds.com/fund/drysdale-ventures) VC firm Per its own site [Amerocap](https://millionrounds.com/fund/amerocap) VC firm Per its own site [Okeanos](https://millionrounds.com/fund/okeanos) VC firm Per its own site [Riverbend Capital](https://millionrounds.com/fund/riverbend-capital) VC firm Per its own site [Sarona Ventures](https://millionrounds.com/fund/sarona-ventures) VC firm Per its own site ## Quick answers about Fundamental ### Who invested in Fundamental? Fundamental's investors include Battery Ventures, Salesforce Ventures, Valor Equity Partners, Headline and Oak HC/FT, and 4 more on record. ### How much has Fundamental raised? Fundamental has raised $480M across 2 rounds since 2026. ### When did Fundamental last raise? Fundamental's most recent round was a Venture of $225M in Jul 2026. ### What was Fundamental's biggest round? Fundamental's largest round on record is $255M (Series A), in Feb 2026, led by Battery Ventures. ### Who backed Fundamental first? Fundamental's first round on record, in Feb 2026, was backed by Battery Ventures, Salesforce Ventures and Valor Equity Partners and 6 others. ### What stage is Fundamental at? Fundamental's latest named round is a Venture, in Jul 2026. ### Where is Fundamental based? Fundamental is based in the United States. ### Who led Fundamental's rounds? Battery Ventures led the Series A in 2026. ## Companies like Fundamental In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app