# MX funding: rounds and investors

> MX has raised $106M across 5 rounds since 2010. Investors include Commerce Ventures, Battery Ventures and Pelion Venture Partners. Every round with its source.

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

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

# Who invested in *MX*

5 rounds we have observed, with the 12 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.

Fintech

Funding summary Updated 26 Oct 2026

**$106M** raised across 5 rounds since 2010, from 5 sources

**$600K** Venture **$132K** Venture **$5.0M** Seed **$30K** Seed **$100M** Series B

- **Latest round:** Series B, $100M Jun 2019
- **Led by:** Battery Ventures
- **Step-up i:** 3333.3×
- **Investors:** 12 (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.

2010 2012 2014 2016 2018

**$600K** Venture

**$132K** Venture

**$5.0M** Seed

**$30K** Seed

**$100M** Series B

- **First round:** Venture, $600K
- **Biggest round:** $100M
- **Usual gap between rounds:** 2.3 years

## The rounds

- **Jun 2019** Series B **$100M** *11 new* *1 returning* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) Lead [Pelion Venture Partners](https://millionrounds.com/fund/pelion-venture-partners) [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Point72 Ventures](https://millionrounds.com/fund/point72-ventures) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [TTV Capital](https://millionrounds.com/fund/ttv-capital) [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Sorenson Capital](https://millionrounds.com/fund/sorenson-capital) [Digital Garage (TSE: 4819)](https://millionrounds.com/fund/digital-garage-tse-4819) [Cross Creek Capital](https://millionrounds.com/fund/cross-creek-capital) Washington Federal Bank Reported by FinSMEs
- **Dec 2014** Seed **$30K** No investor was named in the report. From a historical funding record
- **Jun 2013** Seed **$5.0M** *1 new* [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) From a historical funding record
- **Mar 2011** Venture **$132K** No investor was named in the report. Reported by sec.gov
- **Mar 2010** Venture **$600K** No investor was named in the report. Reported by sec.gov

## 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.

**Venture** 2010 **Venture** 2011 **Seed** 2013 **Seed** 2014 **Series B** 2019 [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Battery Ventures](https://millionrounds.com/fund/battery-ventures) L [Pelion Venture Partners](https://millionrounds.com/fund/pelion-venture-partners) [Point72 Ventures](https://millionrounds.com/fund/point72-ventures) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [TTV Capital](https://millionrounds.com/fund/ttv-capital) [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Sorenson Capital](https://millionrounds.com/fund/sorenson-capital) [Digital Garage (TSE: 4819)](https://millionrounds.com/fund/digital-garage-tse-4819)

## Everyone who backed them

[Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) VC firm **2** rounds

[Battery Ventures](https://millionrounds.com/fund/battery-ventures) VC firm **1** round, led 1

[Pelion Venture Partners](https://millionrounds.com/fund/pelion-venture-partners) VC firm **1** round

[Point72 Ventures](https://millionrounds.com/fund/point72-ventures) VC firm **1** round

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

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

[H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) Growth equity **1** round

[National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Private equity **1** round

[Sorenson Capital](https://millionrounds.com/fund/sorenson-capital) Private equity **1** round

[Digital Garage (TSE: 4819)](https://millionrounds.com/fund/digital-garage-tse-4819) Corporate VC **1** round

[Cross Creek Capital](https://millionrounds.com/fund/cross-creek-capital) VC firm **1** round

Washington Federal Bank no record of our own yet **1** round

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

## Quick answers about MX

### Who invested in MX?

MX's investors include Commerce Ventures, Battery Ventures, Pelion Venture Partners, Point72 Ventures and Industry Ventures, and 7 more on record. Battery Ventures led its latest round.

### How much has MX raised?

MX has raised $106M across 5 rounds since 2010.

### When did MX last raise?

MX's most recent round was a Series B of $100M in Jun 2019, led by Battery Ventures.

### What was MX's biggest round?

Its most recent round, $100M in Jun 2019, is also its largest on record.

### Who backed MX first?

MX's first round on record, in Jun 2013, was backed by Commerce Ventures.

### What stage is MX at?

MX's latest named round is a Series B, in Jun 2019.

### Where is MX based?

MX is based in the United States.

### Who led MX's rounds?

Battery Ventures led the Series B in 2019.

## Companies like MX

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)

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