# Mstack funding: rounds and investors

> Mstack has raised $40M across 1 round since 2024. Investors include Lightspeed Venture Partners, Alpha Wave and HSBC. Every round with its source.

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

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

# Who invested in *Mstack*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials Logistics Manufacturing Supply Chain

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Funding summary Updated 5 Nov 2026

**$40M** raised across 1 round since 2024, from 2 sources

- **Latest round:** Series A, $40M Oct 2024
- **Led by:** Lightspeed Venture Partners and Alpha Wave
- **Investors:** 5 (2 led)

See who backed them

## The rounds

- **Oct 2024** Series A **$40M** [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [Alpha Wave](https://millionrounds.com/fund/alpha-wave) Lead [HSBC](https://millionrounds.com/fund/hsbc) [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) [HSBC Innovation Banking](https://millionrounds.com/fund/hsbc-innovation-banking) Reported by TechStartups and 1 other

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round, led 1

[Alpha Wave](https://millionrounds.com/fund/alpha-wave) Private equity **1** round, led 1

[HSBC](https://millionrounds.com/fund/hsbc) Growth equity **1** round

[Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Private equity **1** round

[HSBC Innovation Banking](https://millionrounds.com/fund/hsbc-innovation-banking) VC firm **1** round

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

## Also claim to have backed them

These 2 firms list Mstack 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.

[Merapar Investments](https://millionrounds.com/fund/merapar-investments) Investment firm Per its own site

[Formus Capital](https://millionrounds.com/fund/formus-capital) VC firm Per its own site

## Quick answers about Mstack

### Who invested in Mstack?

Mstack's investors include Lightspeed Venture Partners, Alpha Wave, HSBC, Alpha Wave Global and HSBC Innovation Banking. Lightspeed Venture Partners led its latest round.

### How much has Mstack raised?

Mstack has raised $40M across 1 round since 2024.

### When did Mstack last raise?

Mstack's most recent round was a Series A of $40M in Oct 2024, led by Lightspeed Venture Partners.

### What was Mstack's biggest round?

Its most recent round, $40M in Oct 2024, is also its largest on record.

### Who backed Mstack first?

Mstack's first round on record, in Oct 2024, was backed by Lightspeed Venture Partners, Alpha Wave and HSBC and 2 others.

### What stage is Mstack at?

Mstack's latest named round is a Series A, in Oct 2024.

### Where is Mstack based?

Mstack is based in the United States.

### Who led Mstack's rounds?

Lightspeed Venture Partners led the Series A in 2024.

## Companies like Mstack

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

[**Tutor Intelligence** $109M · Nov 2026](https://millionrounds.com/company/tutor-intelligence)[**Agility Robotics** $1.3B · Oct 2026](https://millionrounds.com/company/agility-robotics)[**Group14 Technologies** $632M · Oct 2026](https://millionrounds.com/company/group14-technologies)[**SpendRule** $6.0M · Oct 2026](https://millionrounds.com/company/spendrule)[**Plato** $40M · Oct 2026](https://millionrounds.com/company/plato)[**Broccoli AI** $52M · Oct 2026](https://millionrounds.com/company/broccoli-ai)

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