# JSW One funding: rounds and investors

> JSW One has raised $68M across 1 round since 2025. Investors include PT Principal Asset Management, JSW Steel and One-Up. Every round with its source.

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

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

# Who invested in *JSW One*

One round we have observed, with the 3 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.

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Funding summary Updated 7 Nov 2026

**$68M** raised across 1 round since 2025, from 2 sources

- **Latest round:** Series B, $68M May 2025
- **Led by:** PT Principal Asset Management
- **Investors:** 3 (1 led)

See who backed them

## The rounds

- **May 2025** Series B **$68M** [PT Principal Asset Management](https://millionrounds.com/fund/pt-principal-asset-management) Lead [JSW Steel](https://millionrounds.com/fund/jsw-steel) [One-Up](https://millionrounds.com/fund/one-up) Reported by Firms' own news pages and 1 other

## Everyone who backed them

[PT Principal Asset Management](https://millionrounds.com/fund/pt-principal-asset-management) VC firm **1** round, led 1

[JSW Steel](https://millionrounds.com/fund/jsw-steel) Corporate VC **1** round

[One-Up](https://millionrounds.com/fund/one-up) Growth equity **1** round

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

## Quick answers about JSW One

### Who invested in JSW One?

JSW One's investors include PT Principal Asset Management, JSW Steel and One-Up. PT Principal Asset Management led its latest round.

### How much has JSW One raised?

JSW One has raised $68M across 1 round since 2025.

### When did JSW One last raise?

JSW One's most recent round was a Series B of $68M in May 2025, led by PT Principal Asset Management.

### What was JSW One's biggest round?

Its most recent round, $68M in May 2025, is also its largest on record.

### Who backed JSW One first?

JSW One's first round on record, in May 2025, was backed by PT Principal Asset Management, JSW Steel and One-Up.

### What stage is JSW One at?

JSW One's latest named round is a Series B, in May 2025.

### Who led JSW One's rounds?

PT Principal Asset Management led the Series B in 2025.

## Companies like JSW One

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

[**Africa50** $50M · Aug 2026](https://millionrounds.com/company/africa50)[**Pilot Protocol** $4.5M · Jul 2026](https://millionrounds.com/company/pilot-protocol)[**Reactor** $59M · May 2026](https://millionrounds.com/company/reactor)[**Checker** $8.0M · May 2026](https://millionrounds.com/company/checker)[**Illoca** $13M · May 2026](https://millionrounds.com/company/illoca)[**All3** $25M · Apr 2026](https://millionrounds.com/company/all3)

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