# NationGraph funding: rounds and investors

> NationGraph has raised $18M across 1 round since 2026. Investors include Menlo Ventures, Reach and Z Venture Capital. Every round with its source.

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

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

# Who invested in *NationGraph*

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.

AI Govtech Supply Chain

Raised 9 months ago

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Funding summary Updated 15 Nov 2026

**$18M** raised across 1 round since 2026, from 1 source

- **Latest round:** Series A, $18M Feb 2026
- **Led by:** Menlo Ventures
- **Investors:** 5 (1 led)

See who backed them

## The rounds

- **Feb 2026** Series A **$18M** [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Lead [Reach](https://millionrounds.com/fund/reach) [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) [Perplexity's Fund](https://millionrounds.com/fund/perplexity-s-fund) Reported by Ventureburn

## Founders and team

From NationGraph's own website: 2 on the team.

- **Terry McDonough** President, 4MATIV
- **Israel Bautista** Marketing Manager at SmartFusion, a Harris solution

## Everyone who backed them

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

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

[Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) Corporate VC **1** round

[XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) VC firm **1** round

[Perplexity's Fund](https://millionrounds.com/fund/perplexity-s-fund) VC firm **1** round

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

## Also claim to have backed them

This firm lists NationGraph as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Perplexity Fund](https://millionrounds.com/fund/perplexity-fund) VC firm Per its own site

## Quick answers about NationGraph

### Who invested in NationGraph?

NationGraph's investors include Menlo Ventures, Reach, Z Venture Capital, XYZ Venture Capital and Perplexity's Fund. Menlo Ventures led its latest round.

### How much has NationGraph raised?

NationGraph has raised $18M across 1 round since 2026.

### When did NationGraph last raise?

NationGraph's most recent round was a Series A of $18M in Feb 2026, led by Menlo Ventures.

### What was NationGraph's biggest round?

Its most recent round, $18M in Feb 2026, is also its largest on record.

### Who backed NationGraph first?

NationGraph's first round on record, in Feb 2026, was backed by Menlo Ventures, Reach and Z Venture Capital and 2 others.

### What stage is NationGraph at?

NationGraph's latest named round is a Series A, in Feb 2026.

### Where is NationGraph based?

NationGraph is based in the United States.

### Who led NationGraph's rounds?

Menlo Ventures led the Series A in 2026.

## Companies like NationGraph

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

[**LangChain** $425M · Nov 2026](https://millionrounds.com/company/langchain)[**VuMedi** $142M · Nov 2026](https://millionrounds.com/company/vumedi)[**Betterness** $3.5M · Nov 2026](https://millionrounds.com/company/betterness)[**Axle** $12M · Nov 2026](https://millionrounds.com/company/axle)[**CrunchAtlas** $250K · Nov 2026](https://millionrounds.com/company/crunchatlas)[**Zus Health** $73M · Nov 2026](https://millionrounds.com/company/zus-health)

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