# LMArena funding: rounds and investors > LMArena has raised $250M across 2 rounds since 2025. Investors include Andreessen Horowitz, Felicis and UC Investments. Every round with its source. Source: https://millionrounds.com/company/lmarena (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # 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. AI Big Data & Analytics Developer Tools Raised 10 months ago Valuation: $1.7B, Mar 2026 Follow LMArena and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Flmarena) Funding summary Updated 5 Nov 2026 **$250M** raised across 2 rounds since 2025, from 3 sources **$100M** Seed **$150M** Series A - **Latest round:** Series A, $150M Jan 2026 - **Led by:** Felicis - **Step-up i:** 1.5× - **Investors:** 9 (3 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. 2026 **$100M** Seed **$150M** Series A - **First round:** Seed, $100M - **Biggest round:** $150M - **Between rounds:** 8 months ## The rounds - **Jan 2026** Series A **$150M** *4 new* *5 returning* [Felicis](https://millionrounds.com/fund/felicis-ventures) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [The House Fund](https://millionrounds.com/fund/the-house-fund) [LDV Partners](https://millionrounds.com/fund/ldv-partners) [UC Investments](https://millionrounds.com/fund/uc-investments) [Laude Ventures](https://millionrounds.com/fund/laude-ventures) [LDVP](https://millionrounds.com/fund/ldvp) Reported by TechCrunch and 1 other - **May 2025** Seed **$100M** *5 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Lead [UC Investments](https://millionrounds.com/fund/uc-investments) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) 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. **Seed** 2025 **Series A** 2026 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) L [Felicis](https://millionrounds.com/fund/felicis-ventures) L [UC Investments](https://millionrounds.com/fund/uc-investments) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [The House Fund](https://millionrounds.com/fund/the-house-fund) [LDV Partners](https://millionrounds.com/fund/ldv-partners) [Laude Ventures](https://millionrounds.com/fund/laude-ventures) [LDVP](https://millionrounds.com/fund/ldvp) ## Everyone who backed them [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds, led 1 [Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **2** rounds, led 1 [UC Investments](https://millionrounds.com/fund/uc-investments) VC firm **2** rounds, led 1 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **2** rounds [The House Fund](https://millionrounds.com/fund/the-house-fund) Accelerator **1** round [LDV Partners](https://millionrounds.com/fund/ldv-partners) VC firm **1** round [Laude Ventures](https://millionrounds.com/fund/laude-ventures) VC firm **1** round [LDVP](https://millionrounds.com/fund/ldvp) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lmarena). ## Quick answers about LMArena ### 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. ### 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. ## Companies like LMArena In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava) ## 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