# Lyst funding: rounds and investors

> Lyst has raised $125M across 7 rounds since 2010. Investors include Accel, Draper Esprit and Balderton Capital. Every round with its source.

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

United Kingdom · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Lyst*

7 rounds we have observed, with the 10 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.

Fashion

Valuation: $700M, Oct 2024

Funding summary Updated 26 Oct 2026

**$125M** raised across 7 rounds since 2010, from 7 sources

**$1.5M** Seed **$5.0M** Series A **$14M** Series B **$40M** Series C **$57M** Series E **$6.2M** Series E **$1.4M** Series D

- **Latest round:** Series D, $1.4M Apr 2025
- **Biggest round:** $57M Series E · May 2021
- **Investors:** 10

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.

2010 2012 2014 2016 2018 2020 2022 2024

**$1.5M** Seed

**$5.0M** Series A

**$14M** Series B

**$40M** Series C

**$57M** Series E

**$6.2M** Series E

**$1.4M** Series D

- **First round:** Seed, $1.5M
- **Biggest round:** $57M
- **Usual gap between rounds:** 20 months

## The rounds

- **Apr 2025** Series D **$1.4M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Aug 2021** Series E **$6.2M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2021** Series E **$57M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Apr 2015** Series C **$40M** *1 new* *4 returning* [Accel](https://millionrounds.com/fund/accel) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [14W](https://millionrounds.com/fund/warner-music-group) [Groupe Arnault](https://millionrounds.com/fund/groupe-arnault) From a historical funding record
- **Jan 2014** Series B **$14M** *3 new* *3 returning* [Accel](https://millionrounds.com/fund/accel) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Susa Ventures](https://millionrounds.com/fund/susa-ventures) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) [14W](https://millionrounds.com/fund/warner-music-group) From a historical funding record
- **Jul 2012** Series A **$5.0M** *4 new* *1 returning* [Accel](https://millionrounds.com/fund/accel) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) [Alex Zubillaga](https://millionrounds.com/fund/alex-zubillaga) [Seth Berman](https://millionrounds.com/fund/seth-berman) Reported by techcrunch.com
- **Nov 2010** Seed **$1.5M** *2 new* [Accel](https://millionrounds.com/fund/accel) [Venrex](https://millionrounds.com/fund/venrex) From a historical funding record

## Funding filed with regulators

Lyst filed 3 raises, $64M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Apr 2025 **$1.4M** UK share allotment
- Aug 2021 **$6.2M** UK share allotment
- May 2021 **$57M** UK share allotment

## 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** 2010 **Series A** 2012 **Series B** 2014 **Series C** 2015 **Series E** 2021 **Series E** 2021 **Series D** 2025 [Accel](https://millionrounds.com/fund/accel) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) [14W](https://millionrounds.com/fund/warner-music-group) [Susa Ventures](https://millionrounds.com/fund/susa-ventures) [Venrex](https://millionrounds.com/fund/venrex) [Groupe Arnault](https://millionrounds.com/fund/groupe-arnault) [Alex Zubillaga](https://millionrounds.com/fund/alex-zubillaga) [Seth Berman](https://millionrounds.com/fund/seth-berman)

## Everyone who backed them

[Accel](https://millionrounds.com/fund/accel) VC firm **4** rounds

[Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) VC firm **3** rounds

[Balderton Capital](https://millionrounds.com/fund/balderton-capital) VC firm **2** rounds

[DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) VC firm **2** rounds

[14W](https://millionrounds.com/fund/warner-music-group) Private equity **2** rounds

[Susa Ventures](https://millionrounds.com/fund/susa-ventures) VC firm **1** round

[Venrex](https://millionrounds.com/fund/venrex) VC firm **1** round

[Groupe Arnault](https://millionrounds.com/fund/groupe-arnault) Family office **1** round

[Alex Zubillaga](https://millionrounds.com/fund/alex-zubillaga) VC firm **1** round

[Seth Berman](https://millionrounds.com/fund/seth-berman) Angel **1** round

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

## Quick answers about Lyst

### Who invested in Lyst?

Lyst's investors include Accel, Draper Esprit, Balderton Capital, DFJ Esprit and 14W, and 5 more on record.

### How much has Lyst raised?

Lyst has raised $125M across 7 rounds since 2010.

### When did Lyst last raise?

Lyst's most recent round was a Series D of $1.4M in Apr 2025.

### What was Lyst's biggest round?

Lyst's largest round on record is $57M (Series E), in May 2021.

### Who backed Lyst first?

Lyst's first round on record, in Nov 2010, was backed by Accel and Venrex.

### What stage is Lyst at?

Lyst's latest named round is a Series D, in Apr 2025.

### Where is Lyst based?

Lyst is based in the United Kingdom.

## Companies like Lyst

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

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