# Graymatics funding: rounds and investors

> Graymatics has raised $3.6M across 3 rounds since 2011. Investors include Citrix Startup Accelerator, National Research Foundation Singapore and Rahul Harkawat.

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

Singapore · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Graymatics*

3 rounds we have observed, with the 5 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.

Advertising & Adtech

Funding summary Updated 26 Oct 2026

**$3.6M** raised across 3 rounds since 2011, from 3 sources

**$1.8M** Series A **$1.8M** Seed

- **Latest round:** Venture Dec 2020
- **Biggest round:** $1.8M Series A · Nov 2011
- **Investors:** 5

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.

2013 2015 2017 2019

**$1.8M** Series A

**$1.8M** Seed

**?** Venture

- **First round:** Series A, $1.8M
- **Biggest round:** $1.8M
- **Between rounds:** 9 years

## The rounds

- **Dec 2020** Venture **Amount undisclosed** No investor was named in the report. Source recorded
- **Nov 2011** Series A **$1.8M** *5 new* [Citrix Startup Accelerator](https://millionrounds.com/fund/citrix-startup-accelerator) [National Research Foundation Singapore](https://millionrounds.com/fund/national-research) [Rahul Harkawat](https://millionrounds.com/fund/rahul-harkawat) [Jayan Ramankutty](https://millionrounds.com/fund/jayan-ramankutty) [Shoa Kai Liu](https://millionrounds.com/fund/shoa-kai-liu) From a historical funding record
- **Nov 2011** Seed **$1.8M** *5 returning* [Citrix Startup Accelerator](https://millionrounds.com/fund/citrix-startup-accelerator) [National Research Foundation Singapore](https://millionrounds.com/fund/national-research) [Rahul Harkawat](https://millionrounds.com/fund/rahul-harkawat) [Jayan Ramankutty](https://millionrounds.com/fund/jayan-ramankutty) [Shoa Kai Liu](https://millionrounds.com/fund/shoa-kai-liu) From a historical funding record

## 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** 2011 **Seed** 2011 **Venture** 2020 [Citrix Startup Accelerator](https://millionrounds.com/fund/citrix-startup-accelerator) [National Research Foundation Singapore](https://millionrounds.com/fund/national-research) [Rahul Harkawat](https://millionrounds.com/fund/rahul-harkawat) [Jayan Ramankutty](https://millionrounds.com/fund/jayan-ramankutty) [Shoa Kai Liu](https://millionrounds.com/fund/shoa-kai-liu)

## Everyone who backed them

[Citrix Startup Accelerator](https://millionrounds.com/fund/citrix-startup-accelerator) Accelerator **2** rounds

[National Research Foundation Singapore](https://millionrounds.com/fund/national-research) Government **2** rounds

[Rahul Harkawat](https://millionrounds.com/fund/rahul-harkawat) Angel **2** rounds

[Jayan Ramankutty](https://millionrounds.com/fund/jayan-ramankutty) Angel **2** rounds

[Shoa Kai Liu](https://millionrounds.com/fund/shoa-kai-liu) Angel **2** rounds

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

## Quick answers about Graymatics

### Who invested in Graymatics?

Graymatics's investors include Citrix Startup Accelerator, National Research Foundation Singapore, Rahul Harkawat, Jayan Ramankutty and Shoa Kai Liu.

### How much has Graymatics raised?

Graymatics has raised $3.6M across 3 rounds since 2011. One round did not disclose an amount, so the total is a floor.

### When did Graymatics last raise?

Graymatics's most recent round was a Venture in Dec 2020.

### What was Graymatics's biggest round?

Graymatics's largest round on record is $1.8M (Series A), in Nov 2011.

### Who backed Graymatics first?

Graymatics's first round on record, in Nov 2011, was backed by Citrix Startup Accelerator, National Research Foundation Singapore and Rahul Harkawat and 2 others.

### What stage is Graymatics at?

Graymatics's latest named round is a Venture, in Dec 2020.

### Where is Graymatics based?

Graymatics is based in Singapore.

## Companies like Graymatics

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

[**HeyMax** $11M · Jan 2026](https://millionrounds.com/company/heymax)[**Quickads** $1.7M · Nov 2025](https://millionrounds.com/company/quickads)[**gimmefy** $1.1M · Jun 2025](https://millionrounds.com/company/gimmefy)[**Kevel** $75M · Oct 2026](https://millionrounds.com/company/kevel)[**Cuttable** $29M · Oct 2026](https://millionrounds.com/company/cuttable)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)

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