# HashiCorp funding: rounds and investors

> HashiCorp has raised $175M across 5 rounds since 2014. Investors include Mayfield Fund, GGV Capital and Redpoint. Every round with its source.

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

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

# Who invested in *HashiCorp*

5 rounds we have observed, with the 14 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.

Cloud

Funding summary Updated 26 Oct 2026

**$175M** raised across 5 rounds since 2014, from 6 sources

**$10M** Series A **$24M** Series B **$41M** Series C **$100M** Round

- **Latest round:** Venture Mar 2021
- **Biggest round:** $100M Round · Nov 2018
- **Investors:** 14 (3 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.

2015 2016 2017 2018 2019 2020 2021

**$10M** Series A

**$24M** Series B

**$41M** Series C

**$100M** Round

**?** Venture

- **First round:** Series A, $10M
- **Biggest round:** $100M
- **Usual gap between rounds:** 21 months

## The rounds

- **Mar 2021** Venture **Amount undisclosed** *4 new* *1 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [IVP](https://millionrounds.com/fund/ivp) [TCV](https://millionrounds.com/fund/tcv) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Source recorded
- **Nov 2018** Round **$100M** *2 new* *4 returning* [IVP](https://millionrounds.com/fund/ivp-2) Lead [Redpoint](https://millionrounds.com/fund/redpoint) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [GGV Capital](https://millionrounds.com/fund/ggv-capital) [True.](https://millionrounds.com/fund/true) IVP/ Bessemer Reported by TechCrunch SEC filing: $100M sold, first sale Oct 2018
- **Oct 2017** Series C **$41M** *2 new* *1 returning* [GGV Capital](https://millionrounds.com/fund/ggv-capital) [True.](https://millionrounds.com/fund/true) Redpoint Ventures/ Mayfield Reported by FinSMEs SEC filing: $40M sold, first sale Oct 2017
- **Sept 2016** Series B **$24M** *3 new* *3 returning* [Mayfield Fund](https://millionrounds.com/fund/mayfield) Lead [GGV Capital](https://millionrounds.com/fund/ggv-capital) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Redpoint](https://millionrounds.com/fund/redpoint) [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Originate Ventures](https://millionrounds.com/fund/originate-ventures) Reported by FinSMEs and 1 other
- **Dec 2014** Series A **$10M** *3 new* [Mayfield Fund](https://millionrounds.com/fund/mayfield) [GGV Capital](https://millionrounds.com/fund/ggv-capital) [True Ventures](https://millionrounds.com/fund/true-ventures-2) From a historical funding record

## Founders and team

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

- **Armon Dadgar** Executive Officer, Director, Promoter i
- **David McJannet** Executive Officer, Director i
- **Mitchell Hashimoto** Executive Officer, Director, Promoter i

On the board, as filed i *Glenn Solomon* *Navin Chaddha* *Scott Raney* *Susan St. Ledger*

## 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** 2014 **Series B** 2016 **Series C** 2017 **Round** 2018 **Venture** 2021 [Mayfield Fund](https://millionrounds.com/fund/mayfield) L [GGV Capital](https://millionrounds.com/fund/ggv-capital) L [Redpoint](https://millionrounds.com/fund/redpoint) [True Ventures](https://millionrounds.com/fund/true-ventures-2) [True.](https://millionrounds.com/fund/true) [IVP](https://millionrounds.com/fund/ivp-2) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [IVP](https://millionrounds.com/fund/ivp) [TCV](https://millionrounds.com/fund/tcv)

## Everyone who backed them

[Mayfield Fund](https://millionrounds.com/fund/mayfield) VC firm **4** rounds, led 1

[GGV Capital](https://millionrounds.com/fund/ggv-capital) VC firm **4** rounds, led 1

[Redpoint](https://millionrounds.com/fund/redpoint) VC firm **2** rounds

[True Ventures](https://millionrounds.com/fund/true-ventures-2) VC firm **2** rounds

[True.](https://millionrounds.com/fund/true) VC firm **2** rounds

[IVP](https://millionrounds.com/fund/ivp-2) Investment firm **1** round, led 1

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round

[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **1** round

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

[TCV](https://millionrounds.com/fund/tcv) Private equity **1** round

[Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round

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

IVP/ Bessemer no record of our own yet **1** round

Redpoint Ventures/ Mayfield 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=hashicorp).

## Also claim to have backed them

These 8 firms list HashiCorp 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.

[True Ventures](https://millionrounds.com/fund/true-ventures) VC firm Per its own site

[Notable Capital](https://millionrounds.com/fund/notable-capital) VC firm Per its own site

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site

[Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) VC firm Per its own site

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site

[Founders Circle Capital](https://millionrounds.com/fund/founders-circle-capital) VC firm Per its own site

[Chemistry](https://millionrounds.com/fund/chemistry) VC firm Per its own site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

## Quick answers about HashiCorp

### Who invested in HashiCorp?

HashiCorp's investors include Mayfield Fund, GGV Capital, Redpoint, True Ventures and True., and 9 more on record.

### How much has HashiCorp raised?

HashiCorp has raised $175M across 5 rounds since 2014. One round did not disclose an amount, so the total is a floor.

### When did HashiCorp last raise?

HashiCorp's most recent round was a Venture in Mar 2021.

### What was HashiCorp's biggest round?

HashiCorp's largest round on record is $100M (Undisclosed round), in Nov 2018, led by IVP.

### Who backed HashiCorp first?

HashiCorp's first round on record, in Dec 2014, was backed by Mayfield Fund, GGV Capital and True Ventures.

### What stage is HashiCorp at?

HashiCorp's latest named round is a Venture, in Mar 2021.

### Where is HashiCorp based?

HashiCorp is based in the United States.

### Who led HashiCorp's rounds?

Mayfield Fund led the Series B in 2016; IVP led the Undisclosed round in 2018.

## Companies like HashiCorp

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

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