# Indio funding: rounds and investors

> Indio has raised $8.0M across 2 rounds since 2016. Investors include Merus Capital, Compound and New Enterprise Associates. Every round with its source.

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

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

# Who invested in *Indio*

2 rounds we have observed, with the 4 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.

Fintech Insurtech

Funding summary Updated 26 Oct 2026

**$8.0M** raised across 2 rounds since 2016, from 2 sources

**$2.0M** Seed **$6.0M** Series A

- **Latest round:** Series A, $6.0M Feb 2018
- **Step-up i:** 3×
- **Investors:** 4

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.

2017 2018

**$2.0M** Seed

**$6.0M** Series A

- **First round:** Seed, $2.0M
- **Biggest round:** $6.0M
- **Between rounds:** 15 months

## The rounds

- **Feb 2018** Series A **$6.0M** *1 new* *2 returning* [Merus Capital](https://millionrounds.com/fund/merus-capital) [Compound](https://millionrounds.com/fund/compound) 8VC/ 500 Startups Reported by FinSMEs SEC filing: $8.2M sold, first sale Dec 2017
- **Nov 2016** Seed **$2.0M** *3 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Merus Capital](https://millionrounds.com/fund/merus-capital) [Compound](https://millionrounds.com/fund/compound) Reported by FinSMEs

## 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.

**Seed** 2016 **Series A** 2018 [Merus Capital](https://millionrounds.com/fund/merus-capital) [Compound](https://millionrounds.com/fund/compound) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 8VC/ 500 Startups

## Everyone who backed them

[Merus Capital](https://millionrounds.com/fund/merus-capital) VC firm **2** rounds

[Compound](https://millionrounds.com/fund/compound) Wealth manager **2** rounds

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **1** round

8VC/ 500 Startups 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=indio).

## Quick answers about Indio

### Who invested in Indio?

Indio's investors include Merus Capital, Compound, New Enterprise Associates and 8VC/ 500 Startups.

### How much has Indio raised?

Indio has raised $8.0M across 2 rounds since 2016.

### When did Indio last raise?

Indio's most recent round was a Series A of $6.0M in Feb 2018.

### What was Indio's biggest round?

Its most recent round, $6.0M in Feb 2018, is also its largest on record.

### Who backed Indio first?

Indio's first round on record, in Nov 2016, was backed by New Enterprise Associates, Merus Capital and Compound.

### What stage is Indio at?

Indio's latest named round is a Series A, in Feb 2018.

### Where is Indio based?

Indio is based in the United States.

## Companies like Indio

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**MURAL** $67M · Oct 2026](https://millionrounds.com/company/mural)

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