# InRoad funding: rounds and investors

> InRoad has raised $16M across 1 round since 2021. Investors include Matrix Partners China and Cowin Capital. Every round with its source.

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

[Series B startup](https://millionrounds.com/companies)

# Who invested in *InRoad*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$16M** raised across 1 round since 2021, from 1 source

- **Latest round:** Series B, $16M Jul 2021
- **Investors:** 2

See who backed them

## The rounds

- **Jul 2021** Series B **$16M** [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Cowin Capital](https://millionrounds.com/fund/cowin-venture-capital) Source recorded

## Everyone who backed them

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[Cowin Capital](https://millionrounds.com/fund/cowin-venture-capital) VC firm **1** round

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

## Quick answers about InRoad

### Who invested in InRoad?

InRoad's investors include Matrix Partners China and Cowin Capital.

### How much has InRoad raised?

InRoad has raised $16M across 1 round since 2021.

### When did InRoad last raise?

InRoad's most recent round was a Series B of $16M in Jul 2021.

### What was InRoad's biggest round?

Its most recent round, $16M in Jul 2021, is also its largest on record.

### Who backed InRoad first?

InRoad's first round on record, in Jul 2021, was backed by Matrix Partners China and Cowin Capital.

### What stage is InRoad at?

InRoad's latest named round is a Series B, in Jul 2021.

## Companies like InRoad

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

[**Kingwills New Materials** Feb 2026](https://millionrounds.com/company/kingwills-new-materials)[**Ming Gallium Semiconductor** $16M · Jan 2026](https://millionrounds.com/company/ming-gallium-semiconductor)[**Xinshinuo Semiconductor** $71M · Dec 2025](https://millionrounds.com/company/xinshinuo-semiconductor)[**Gazer** $14M · Dec 2025](https://millionrounds.com/company/gazer)[**Guoyi Quantum** $18M · Oct 2025](https://millionrounds.com/company/guoyi-quantum)[**Distil** $7.7M · Sept 2025](https://millionrounds.com/company/distil)

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