# Nabis funding: rounds and investors

> Nabis has raised $10M across 2 rounds since 2019. Investors include Y Combinator, Gaingels and FJ Labs. Every round with its source.

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

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

# Who invested in *Nabis*

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.

Cannabis

Raised 10 months ago Y Combinator: W19

Funding summary Updated 26 Oct 2026

**$10M** raised across 2 rounds since 2019, from 2 sources

**$5.3M** Round **$5.0M** Debt

- **Latest round:** Debt, $5.0M Jan 2026
- **Biggest round:** $5.3M Round · Apr 2019
- **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.

2019 2020 2021 2022 2023 2024 2025 2026

**$5.3M** Round

**$5.0M** Debt

- **First round:** Round, $5.3M
- **Biggest round:** $5.3M
- **Between rounds:** 6.7 years

## The rounds

- **Jan 2026** Debt **$5.0M** *4 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Gaingels](https://millionrounds.com/fund/gaingels) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Soma Capital](https://millionrounds.com/fund/soma-capital) Source recorded
- **Apr 2019** Round **$5.3M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Paul Buchheit](https://millionrounds.com/fund/paul-buchheit) [Liquid 2](https://millionrounds.com/fund/liquid-2) [Babel Ventures](https://millionrounds.com/fund/babel-ventures) [SOMA](https://millionrounds.com/fund/soma) Reported by FinSMEs

## Founders and team

From Nabis's own website: 1 founder, 8 on the team.

**Vince Ning** CEO, Co-Founder

- **Sean Arroyo** President
- **Maggie Kruse** Chief People Officer
- **Ting Hu** Chief Financial Officer
- **Edward Kim** Head of Product & Design
- **Jake Borenstein** VP, Operations
- **Kendra Stocking** VP, Sales
- **Bailey Cooke** Senior Director of Strategic Finance
- **Michael Feldman** General Counsel

## 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 **Debt** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Gaingels](https://millionrounds.com/fund/gaingels) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Soma Capital](https://millionrounds.com/fund/soma-capital) [Paul Buchheit](https://millionrounds.com/fund/paul-buchheit) [Liquid 2](https://millionrounds.com/fund/liquid-2) [Babel Ventures](https://millionrounds.com/fund/babel-ventures) [SOMA](https://millionrounds.com/fund/soma)

## Everyone who backed them

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

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

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round

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

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

[Paul Buchheit](https://millionrounds.com/fund/paul-buchheit) Angel **1** round

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

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

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

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

## Also claim to have backed them

These 5 firms list Nabis 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.

[Predictive](https://millionrounds.com/fund/predictive) VC firm Growth, per its site

[Angel Collective](https://millionrounds.com/fund/angel-collective) Fund of funds Per its own site

[Artemis Growth Partners](https://millionrounds.com/fund/artemis-growth-partners) Private equity Per its own site

[Emles Venture Partners](https://millionrounds.com/fund/emles-venture-partners) VC firm Per its own site

[Korea Evaluation Institute of Industrial Technology](https://millionrounds.com/fund/korea-evaluation-institute-of-industrial-technology) Government Per its own site

## Quick answers about Nabis

### Who invested in Nabis?

Nabis's investors include Y Combinator, Gaingels, FJ Labs, Liquid 2 Ventures and Soma Capital, and 4 more on record.

### How much has Nabis raised?

Nabis has raised $10M across 2 rounds since 2019.

### When did Nabis last raise?

Nabis's most recent round was a Debt of $5.0M in Jan 2026.

### What was Nabis's biggest round?

Nabis's largest round on record is $5.3M (Undisclosed round), in Apr 2019.

### Who backed Nabis first?

Nabis's first round on record, in Apr 2019, was backed by Y Combinator, Paul Buchheit and Liquid 2 and 2 others.

### What stage is Nabis at?

Nabis's latest named round is a Debt, in Jan 2026.

### Where is Nabis based?

Nabis is based in the United States.

## Companies like Nabis

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

[**Cresco Labs** $150M · Jun 2026](https://millionrounds.com/company/cresco-labs)[**Parallel** $146M · Jun 2026](https://millionrounds.com/company/parallel)[**Pax** $480M · May 2026](https://millionrounds.com/company/pax)[**Natuur Brands** $290K · Apr 2026](https://millionrounds.com/company/natuur-brands)[**Flora Growth Corp.** $401M · Sept 2025](https://millionrounds.com/company/flora-growth-corp)[**Ascend Wellness** $104M · Sept 2025](https://millionrounds.com/company/ascend-wellness)

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