United States · Who invested in LMArena?
LMArena's investors include Andreessen Horowitz, Felicis, UC Investments, Lightspeed Venture Partners and Kleiner Perkins, and 4 more on record. Felicis led its latest round.
2026
$100MSeed$150MSeries A
United States · Series A startup
Who invested in LMArena
2 rounds we have observed, with the 9 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.
Raised 10 months agoValuation: $1.7B, Mar 2026
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Funding summaryUpdated 5 Nov 2026
$250Mraised across 2 rounds since 2025, from 3 sources
$100MSeed$150MSeries A
- Latest round
- Series A, $150MJan 2026
- Led by
- Felicis
- Step-upi
- 1.5×
- Investors
- 9 (3 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $100M May 2025
- Biggest round
- $150M Series A · Jan 2026
- Between rounds
- 8 months from the last two
The rounds
- Jan 2026Series A$150M4 new5 returning
FelicisLead
Andreessen Horowitz
Lightspeed Venture Partners
Kleiner Perkins
The House Fund
LDV Partners- UC Investments
Laude Ventures- LDVP
Reported by TechCrunch and 1 other
- May 2025Seed$100M5 new
Reported by TechCrunch
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.
Everyone who backed them
UC InvestmentsVC firm2rounds, led 1
LDVPVC firm1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about LMArena
How much has LMArena raised?
LMArena has raised $250M across 2 rounds since 2025.
When did LMArena last raise?
LMArena's most recent round was a Series A of $150M in Jan 2026, led by Felicis.
What was LMArena's biggest round?
Its most recent round, $150M in Jan 2026, is also its largest on record.
Who backed LMArena first?
LMArena's first round on record, in May 2025, was backed by Andreessen Horowitz, UC Investments and Lightspeed Venture Partners and 2 others.
What stage is LMArena at?
LMArena's latest named round is a Series A, in Jan 2026.
Where is LMArena based?
LMArena is based in the United States.
Who led LMArena's rounds?
Andreessen Horowitz led the Seed in 2025; Felicis led the Series A in 2026.
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