# Happy Returns funding: rounds and investors

> Happy Returns has raised $15M across 2 rounds since 2017. Investors include U.S. Venture Partners, Upfront Ventures and Maveron. Every round with its source.

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

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Happy Returns*

2 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.

Internet

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2017, from 2 sources

**$4.0M** Series A **$11M** Round

- **Latest round:** Round, $11M Apr 2019
- **Step-up i:** 2.8×
- **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.

2018 2019

**$4.0M** Series A

**$11M** Round

- **First round:** Series A, $4.0M
- **Biggest round:** $11M
- **Between rounds:** 19 months

## The rounds

- **Apr 2019** Round **$11M** *4 new* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) [Upfront Ventures](https://millionrounds.com/fund/upfront-ventures) [Maveron](https://millionrounds.com/fund/maveron) [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Reported by FinSMEs
- **Sept 2017** Series A **$4.0M** *1 new* Upfront Ventures/ Brian Spaly Reported by FinSMEs SEC filing: $8.0M sold, first sale Dec 2017

## Founders and team

From the SEC filings it signed: 3 on the team.

- **David Sobie** Executive Officer, Director i
- **Mark Geller** Executive Officer, Director i
- **Sam E. Kinney** Executive Officer i

On the board, as filed i *Brian Spaly* *Greg Bettinelli* *Rick Lewis*

## 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** 2017 **Round** 2019 [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) [Upfront Ventures](https://millionrounds.com/fund/upfront-ventures) [Maveron](https://millionrounds.com/fund/maveron) [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Upfront Ventures/ Brian Spaly

## Everyone who backed them

[U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) VC firm **1** round

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

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

[PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Corporate VC **1** round

Upfront Ventures/ Brian Spaly 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=happy-returns).

## Quick answers about Happy Returns

### Who invested in Happy Returns?

Happy Returns's investors include U.S. Venture Partners, Upfront Ventures, Maveron, PayPal Ventures and Upfront Ventures/ Brian Spaly.

### How much has Happy Returns raised?

Happy Returns has raised $15M across 2 rounds since 2017.

### When did Happy Returns last raise?

Happy Returns's most recent round was an Undisclosed round of $11M in Apr 2019.

### What was Happy Returns's biggest round?

Its most recent round, $11M in Apr 2019, is also its largest on record.

### Who backed Happy Returns first?

Happy Returns's first round on record, in Sept 2017, was backed by Upfront Ventures/ Brian Spaly.

### What stage is Happy Returns at?

Happy Returns's latest named round is an Undisclosed round, in Apr 2019.

### Where is Happy Returns based?

Happy Returns is based in the United States.

## Companies like Happy Returns

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

[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)[**1World Online** $25M · Sept 2026](https://millionrounds.com/company/1world-online)[**Luminary** $194M · Sept 2026](https://millionrounds.com/company/luminary)

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