# IoTeX funding: rounds and investors > IoTeX has raised $50M across 2 rounds since 2024. Investors include Animoca Brands, NGC Ventures and Borderless Capital. Every round with its source. Source: https://millionrounds.com/company/iotex (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *IoTeX* 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. AI IoT Web3 & Crypto Funding summary Updated 26 Oct 2026 **$50M** raised across 2 rounds since 2024, from 2 sources - **Latest round:** Round Aug 2025 - **Led by:** Animoca Brands - **Biggest round:** $50M Venture · Apr 2024 - **Investors:** 4 (1 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. 2025 **$50M** Venture **?** Round - **First round:** Venture, $50M - **Biggest round:** $50M - **Between rounds:** 17 months ## The rounds - **Aug 2025** Round **Amount undisclosed** *1 new* [Animoca Brands](https://millionrounds.com/fund/animoca-brands) Lead Reported by Firms' own news pages - **Apr 2024** Venture **$50M** *3 new* [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) [Borderless Capital](https://millionrounds.com/fund/borderless-capital) [Amber Group](https://millionrounds.com/fund/amber-group) Source recorded ## 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. **Venture** 2024 **Round** 2025 [Animoca Brands](https://millionrounds.com/fund/animoca-brands) L [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) [Borderless Capital](https://millionrounds.com/fund/borderless-capital) [Amber Group](https://millionrounds.com/fund/amber-group) ## Everyone who backed them [Animoca Brands](https://millionrounds.com/fund/animoca-brands) Accelerator **1** round, led 1 [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) VC firm **1** round [Borderless Capital](https://millionrounds.com/fund/borderless-capital) Accelerator **1** round [Amber Group](https://millionrounds.com/fund/amber-group) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=iotex). ## Also claim to have backed them These 6 firms list IoTeX 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. [Struck Capital](https://millionrounds.com/fund/struck-capital) VC firm Per its own site [Draper Dragon](https://millionrounds.com/fund/draper-dragon) VC firm Per its own site [IoTeX](https://millionrounds.com/fund/iotex) VC firm Per its own site [IOSG Ventures](https://millionrounds.com/fund/iosg-ventures) VC firm Per its own site [Link VC](https://millionrounds.com/fund/link-vc) VC firm Per its own site [ZMT Capital](https://millionrounds.com/fund/zmt-capital) VC firm Per its own site ## Quick answers about IoTeX ### Who invested in IoTeX? IoTeX's investors include Animoca Brands, NGC Ventures, Borderless Capital and Amber Group. Animoca Brands led its latest round. ### How much has IoTeX raised? IoTeX has raised $50M across 2 rounds since 2024. One round did not disclose an amount, so the total is a floor. ### When did IoTeX last raise? IoTeX's most recent round was an Undisclosed round in Aug 2025, led by Animoca Brands. ### What was IoTeX's biggest round? IoTeX's largest round on record is $50M (Venture), in Apr 2024. ### Who backed IoTeX first? IoTeX's first round on record, in Apr 2024, was backed by NGC Ventures, Borderless Capital and Amber Group. ### What stage is IoTeX at? IoTeX's latest named round is an Undisclosed round, in Aug 2025. ### Where is IoTeX based? IoTeX is based in the United States. ### Who led IoTeX's rounds? Animoca Brands led the Undisclosed round in 2025. ## Companies like IoTeX In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app