# Merge funding: rounds and investors

> Merge has raised $65M across 2 rounds since 2022. Investors include New Enterprise Associates, Coinbase Ventures and Octopus Ventures.

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

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

# Who invested in *Merge*

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.

Big Data & Analytics

Funding summary Updated 26 Oct 2026

**$65M** raised across 2 rounds since 2022, from 4 sources

**$9.5M** Seed **$55M** Series B

- **Latest round:** Series B, $55M Oct 2022
- **Step-up i:** 5.8×
- **Investors:** 9

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.

2023

**$9.5M** Seed

**$55M** Series B

- **First round:** Seed, $9.5M
- **Biggest round:** $55M
- **Between rounds:** 5 months

## The rounds

- **Oct 2022** Series B **$55M** *4 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [20VC](https://millionrounds.com/fund/20vc) [Mischief](https://millionrounds.com/fund/mischief) [Addition](https://millionrounds.com/fund/addition) Source recorded
- **May 2022** Seed **$9.5M** *5 new* [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) [Real Ventures](https://millionrounds.com/fund/real-ventures-2) [Hashed](https://millionrounds.com/fund/hashed) [Alameda Research](https://millionrounds.com/fund/alameda-research) Source recorded and 2 others

## 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** 2022 **Series B** 2022 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) [Real Ventures](https://millionrounds.com/fund/real-ventures-2) [Hashed](https://millionrounds.com/fund/hashed) [20VC](https://millionrounds.com/fund/20vc) [Alameda Research](https://millionrounds.com/fund/alameda-research) [Mischief](https://millionrounds.com/fund/mischief) [Addition](https://millionrounds.com/fund/addition)

## Everyone who backed them

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **1** round

[Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round

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

[Real Ventures](https://millionrounds.com/fund/real-ventures-2) Family office **1** round

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

[20VC](https://millionrounds.com/fund/20vc) VC firm **1** round

[Alameda Research](https://millionrounds.com/fund/alameda-research) Private equity **1** round

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

[Addition](https://millionrounds.com/fund/addition) Private equity **1** round

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

## Quick answers about Merge

### Who invested in Merge?

Merge's investors include New Enterprise Associates, Coinbase Ventures, Octopus Ventures, Real Ventures and Hashed, and 4 more on record.

### How much has Merge raised?

Merge has raised $65M across 2 rounds since 2022.

### When did Merge last raise?

Merge's most recent round was a Series B of $55M in Oct 2022.

### What was Merge's biggest round?

Its most recent round, $55M in Oct 2022, is also its largest on record.

### Who backed Merge first?

Merge's first round on record, in May 2022, was backed by Coinbase Ventures, Octopus Ventures and Real Ventures and 2 others.

### What stage is Merge at?

Merge's latest named round is a Series B, in Oct 2022.

### Where is Merge based?

Merge is based in the United States.

## Companies like Merge

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Prism Data** $25M · Oct 2026](https://millionrounds.com/company/prism-data)[**Homa** $5.0M · Oct 2026](https://millionrounds.com/company/homa)

## Find investors like these

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