# mbd funding: rounds and investors

> mbd has raised $13M across 2 rounds since 2021. Investors include A16z Crypto, Graph Ventures and Shinhan Venture Investment. Every round with its source.

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

United Kingdom · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *mbd*

2 rounds we have observed, with the 5 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.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$13M** raised across 2 rounds since 2021, from 2 sources

**$10M** Series B **$3.0M** Pre-seed

- **Latest round:** Pre-seed, $3.0M Nov 2024
- **Biggest round:** $10M Series B · Mar 2021
- **Investors:** 5

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.

2021 2022 2023 2024

**$10M** Series B

**$3.0M** Pre-seed

- **First round:** Series B, $10M
- **Biggest round:** $10M
- **Between rounds:** 3.7 years

## The rounds

- **Nov 2024** Pre-seed **$3.0M** *3 new* [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [Graph Ventures](https://millionrounds.com/fund/graph-ventures) [Mask Network](https://millionrounds.com/fund/mask-network) Source recorded
- **Mar 2021** Series B **$10M** *2 new* [Shinhan Venture Investment](https://millionrounds.com/fund/shinhan-venture-investment) [Aju IB Investment](https://millionrounds.com/fund/aju-ib-investment) 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.

**Series B** 2021 **Pre-seed** 2024 [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [Graph Ventures](https://millionrounds.com/fund/graph-ventures) [Shinhan Venture Investment](https://millionrounds.com/fund/shinhan-venture-investment) [Aju IB Investment](https://millionrounds.com/fund/aju-ib-investment) [Mask Network](https://millionrounds.com/fund/mask-network)

## Everyone who backed them

[A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm **1** round

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

[Shinhan Venture Investment](https://millionrounds.com/fund/shinhan-venture-investment) VC firm **1** round

[Aju IB Investment](https://millionrounds.com/fund/aju-ib-investment) VC firm **1** round

[Mask Network](https://millionrounds.com/fund/mask-network) Corporate VC **1** round

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

## Also claim to have backed them

This firm lists mbd as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Hubei Yangtze River Capital (Equity) Investment Fund Management Co., Ltd.](https://millionrounds.com/fund/hubei-yangtze-river-capital-equity-investment-fund-managemen) Government Per its own site

## Quick answers about mbd

### Who invested in mbd?

mbd's investors include A16z Crypto, Graph Ventures, Shinhan Venture Investment, Aju IB Investment and Mask Network.

### How much has mbd raised?

mbd has raised $13M across 2 rounds since 2021.

### When did mbd last raise?

mbd's most recent round was a Pre-seed of $3.0M in Nov 2024.

### What was mbd's biggest round?

mbd's largest round on record is $10M (Series B), in Mar 2021.

### Who backed mbd first?

mbd's first round on record, in Mar 2021, was backed by Shinhan Venture Investment and Aju IB Investment.

### What stage is mbd at?

mbd's latest named round is a Pre-seed, in Nov 2024.

### Where is mbd based?

mbd is based in the United Kingdom.

## Companies like mbd

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

[**IMMIX** $6.2M · Oct 2026](https://millionrounds.com/company/immix)[**Velocity** $105M · Sept 2026](https://millionrounds.com/company/velocity)[**Term Structure Labs** $8.6M · Aug 2026](https://millionrounds.com/company/term-structure-labs)[**Neutral Trade** $2.5M · Aug 2026](https://millionrounds.com/company/neutral-trade)[**SatoshiPay** $2.1M · Jul 2026](https://millionrounds.com/company/satoshipay)[**Elliptic** $265M · Jul 2026](https://millionrounds.com/company/elliptic)

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