# NewStand funding: rounds and investors

> NewStand has raised $40M across 1 round since 2021. Investors include Drive Capital and Palm Drive Capital. Every round with its source.

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

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

# Who invested in *NewStand*

One round we have observed, with the 2 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.

Entertainment Media

Funding summary Updated 26 Oct 2026

**$40M** raised across 1 round since 2021, from 1 source

- **Latest round:** Series B, $40M Jun 2021
- **Investors:** 2

See who backed them

## The rounds

- **Jun 2021** Series B **$40M** [Drive Capital](https://millionrounds.com/fund/drive-capital) [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) Source recorded

## Everyone who backed them

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

[Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) VC firm **1** round

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

## Also claim to have backed them

This firm lists NewStand 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.

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

## Quick answers about NewStand

### Who invested in NewStand?

NewStand's investors include Drive Capital and Palm Drive Capital.

### How much has NewStand raised?

NewStand has raised $40M across 1 round since 2021.

### When did NewStand last raise?

NewStand's most recent round was a Series B of $40M in Jun 2021.

### What was NewStand's biggest round?

Its most recent round, $40M in Jun 2021, is also its largest on record.

### Who backed NewStand first?

NewStand's first round on record, in Jun 2021, was backed by Drive Capital and Palm Drive Capital.

### What stage is NewStand at?

NewStand's latest named round is a Series B, in Jun 2021.

## Companies like NewStand

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

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