# Merit funding: rounds and investors > Merit has raised $51M across 2 rounds since 2018. Investors include Andreessen Horowitz, Alumni Ventures and Greylock. Every round with its source. Source: https://millionrounds.com/company/merit (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Merit* 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. HR Tech Web3 & Crypto Funding summary Updated 26 Oct 2026 **$51M** raised across 2 rounds since 2018, from 2 sources **$1.0M** Round **$50M** Series B - **Latest round:** Series B, $50M Jan 2022 - **Step-up i:** 50× - **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. 2019 2020 2021 2022 **$1.0M** Round **$50M** Series B - **First round:** Round, $1.0M - **Biggest round:** $50M - **Between rounds:** 3.7 years ## The rounds - **Jan 2022** Series B **$50M** *5 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Greylock](https://millionrounds.com/fund/greylock-partners) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [UpHonest Capital](https://millionrounds.com/fund/uphonest-capital) Source recorded - **May 2018** Round **$1.0M** No investor was named in the report. Reported by FinSMEs ## 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** 2018 **Series B** 2022 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Greylock](https://millionrounds.com/fund/greylock-partners) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [UpHonest Capital](https://millionrounds.com/fund/uphonest-capital) ## Everyone who backed them [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Greylock](https://millionrounds.com/fund/greylock-partners) VC firm **1** round [Quiet Capital](https://millionrounds.com/fund/quiet-capital) VC firm **1** round [UpHonest Capital](https://millionrounds.com/fund/uphonest-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=merit). ## Also claim to have backed them These 3 firms list Merit 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. [BAM Ventures](https://millionrounds.com/fund/bam-ventures) VC firm Per its own site [Advancit Capital](https://millionrounds.com/fund/advancit-capital) VC firm Per its own site [Avenir](https://millionrounds.com/fund/avenir) VC firm Per its own site ## Quick answers about Merit ### Who invested in Merit? Merit's investors include Andreessen Horowitz, Alumni Ventures, Greylock, Quiet Capital and UpHonest Capital. ### How much has Merit raised? Merit has raised $51M across 2 rounds since 2018. ### When did Merit last raise? Merit's most recent round was a Series B of $50M in Jan 2022. ### What was Merit's biggest round? Its most recent round, $50M in Jan 2022, is also its largest on record. ### Who backed Merit first? Merit's first round on record, in Jan 2022, was backed by Andreessen Horowitz, Alumni Ventures and Greylock and 2 others. ### What stage is Merit at? Merit's latest named round is a Series B, in Jan 2022. ### Where is Merit based? Merit is based in the United States. ## Companies like Merit In the same sector, and raised in the last eighteen months. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**VIVA Finance** $370M · Oct 2026](https://millionrounds.com/company/viva-finance)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission) ## 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