# Memfault funding: rounds and investors

> Memfault has raised $27M across 2 rounds since 2019. Investors include Uncork Capital, Y Combinator and Liquid 2 Ventures. Every round with its source.

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

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

# Who invested in *Memfault*

2 rounds we have observed, with the 6 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.

Developer Tools Manufacturing

Y Combinator: W19

Funding summary Updated 26 Oct 2026

**$27M** raised across 2 rounds since 2019, from 2 sources

**$2.5M** Round **$24M** Series B

- **Latest round:** Series B, $24M Jan 2023
- **Step-up i:** 9.6×
- **Investors:** 6 (1 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.

2020 2021 2022 2023

**$2.5M** Round

**$24M** Series B

- **First round:** Round, $2.5M
- **Biggest round:** $24M
- **Between rounds:** 3.2 years

## The rounds

- **Jan 2023** Series B **$24M** *3 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Partech Ventures](https://millionrounds.com/fund/partech) [Uncork Capital](https://millionrounds.com/fund/uncork-capital) [Stripe](https://millionrounds.com/fund/stripe) Source recorded
- **Nov 2019** Round **$2.5M** *3 new* [Uncork Capital](https://millionrounds.com/fund/uncork-capital) Lead [Y Combinator](https://millionrounds.com/fund/y-combinator) [S28 Capital](https://millionrounds.com/fund/s28-capital) Reported by Devops

## Founders and team

From Memfault's own website: 6 on the team.

- **Mike Ressler** Chief Technology Officer | Diamond Kinetics
- **Chris Merck** VP of Engineering | Bond Home
- **Karthik Rajagopal** Head of Engineering | Logitech
- **Konstantin Klitenik** Head of Engineering | Silvertree
- **Raman Thapar** VP of Engineering | Latch
- **Alvaro Prieto** Principal Embedded Software Engineer | Sofar Ocean

## 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.

**Round** 2019 **Series B** 2023 [Uncork Capital](https://millionrounds.com/fund/uncork-capital) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Partech Ventures](https://millionrounds.com/fund/partech) [Stripe](https://millionrounds.com/fund/stripe) [S28 Capital](https://millionrounds.com/fund/s28-capital)

## Everyone who backed them

[Uncork Capital](https://millionrounds.com/fund/uncork-capital) VC firm **2** rounds, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round

[Partech Ventures](https://millionrounds.com/fund/partech) VC firm **1** round

[Stripe](https://millionrounds.com/fund/stripe) Company **1** round

[S28 Capital](https://millionrounds.com/fund/s28-capital) VC firm **1** round

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

## Also claim to have backed them

These 2 firms list Memfault as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

[Realm Capital Ventures](https://millionrounds.com/fund/realm-capital-ventures) VC firm Per its own site

## Quick answers about Memfault

### Who invested in Memfault?

Memfault's investors include Uncork Capital, Y Combinator, Liquid 2 Ventures, Partech Ventures and Stripe, and 1 more on record.

### How much has Memfault raised?

Memfault has raised $27M across 2 rounds since 2019.

### When did Memfault last raise?

Memfault's most recent round was a Series B of $24M in Jan 2023.

### What was Memfault's biggest round?

Its most recent round, $24M in Jan 2023, is also its largest on record.

### Who backed Memfault first?

Memfault's first round on record, in Nov 2019, was backed by Uncork Capital, Y Combinator and S28 Capital.

### What stage is Memfault at?

Memfault's latest named round is a Series B, in Jan 2023.

### Where is Memfault based?

Memfault is based in the United States.

### Who led Memfault's rounds?

Uncork Capital led the Undisclosed round in 2019.

## Companies like Memfault

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

[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)[**Flapping Airplanes** $1.2B · Oct 2026](https://millionrounds.com/company/flapping-airplanes)[**Blacksmith** $131M · Oct 2026](https://millionrounds.com/company/blacksmith)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)

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