# Pagaya funding: rounds and investors

> Pagaya has raised $1.2B across 5 rounds since 2018. Investors include Oak HC/FT, Tiger Global Management and Citibank. Every round with its source.

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

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

# Who invested in *Pagaya*

5 rounds we have observed, with the 14 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.

AI Fintech

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$1.2B** raised across 5 rounds since 2018, from 5 sources

**$14M** Series B **$100M** Round **$25M** Series C **$350M** Debt **$700M** Debt

- **Latest round:** Debt, $700M Sept 2026
- **Step-up i:** 2×
- **Investors:** 14 (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.

2020 2022 2024 2026

**$14M** Series B

**$100M** Round

**$350M** Debt

**$700M** Debt

- **First round:** Series B, $14M
- **Biggest round:** $700M
- **Usual gap between rounds:** 8 months

## The rounds

- **Sept 2026** Debt **$700M** *3 returning* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Citibank](https://millionrounds.com/fund/citi) [BlackRock](https://millionrounds.com/fund/blackrock) Source recorded
- **Jan 2026** Debt **$350M** *5 new* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Citibank](https://millionrounds.com/fund/citi) [BlackRock](https://millionrounds.com/fund/blackrock) [JP Morgan](https://millionrounds.com/fund/jpmorgan) [JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) Source recorded
- **Apr 2019** Series C **$25M** *4 new* *2 returning* [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) Lead [Clal Insurance](https://millionrounds.com/fund/clal-insurance) [GF](https://millionrounds.com/fund/gf) Harvey Golub Siam Commercial Bank Viola Reported by FinSMEs
- **Feb 2019** Round **$100M** No investor was named in the report. Reported by Uk
- **Aug 2018** Series B **$14M** *5 new* [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) [Clal](https://millionrounds.com/fund/clal) Harvey Golub/ GF Siam Commercial Viola Reported by FinSMEs

## Founders and team

From Pagaya's own website: 3 founders, 8 on the team.

**Gal Krubiner** Co-Founder and Chief Executive Officer

**Avital Pardo** Co-Founder and Deputy CEO

**Yahav Yulzari** Co-Founder and Deputy CEO

- **Edward Mallon** Chief Investment Officer
- **Gaurav Nagla** Chief Product Officer
- **Jon Dobres** Chief Financial Officer
- **Kumar Ghosh** Chief Technology Officer
- **Meryem Erzi** Chief Compliance Officer
- **Oren Setter** Chief Technology Officer
- **Panch Panchanadeswaran** Chief Operating Officer
- **Terry O'Neil** Chief Commercial Officer

## 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.

**Series B** 2018 **Round** 2019 **Series C** 2019 **Debt** 2026 **Debt** 2026 [Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) L [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Citibank](https://millionrounds.com/fund/citi) [BlackRock](https://millionrounds.com/fund/blackrock) Viola [JP Morgan](https://millionrounds.com/fund/jpmorgan) [JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) [Clal](https://millionrounds.com/fund/clal) [Clal Insurance](https://millionrounds.com/fund/clal-insurance) [GF](https://millionrounds.com/fund/gf)

## Everyone who backed them

[Oak HC/FT](https://millionrounds.com/fund/oak-hc-ft) VC firm **2** rounds, led 1

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **2** rounds

[Citibank](https://millionrounds.com/fund/citi) Growth equity **2** rounds

[BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **2** rounds

Viola no record of our own yet **2** rounds

[JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round

[JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) Corporate VC **1** round

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

[Clal Insurance](https://millionrounds.com/fund/clal-insurance) Investment firm **1** round

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

Harvey Golub no record of our own yet **1** round

Harvey Golub/ GF no record of our own yet **1** round

Siam Commercial no record of our own yet **1** round

Siam Commercial 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=pagaya).

## Quick answers about Pagaya

### Who invested in Pagaya?

Pagaya's investors include Oak HC/FT, Tiger Global Management, Citibank, BlackRock and Viola, and 9 more on record.

### How much has Pagaya raised?

Pagaya has raised $1.2B across 5 rounds since 2018.

### When did Pagaya last raise?

Pagaya's most recent round was a Debt of $700M in Sept 2026.

### What was Pagaya's biggest round?

Its most recent round, $700M in Sept 2026, is also its largest on record.

### Who backed Pagaya first?

Pagaya's first round on record, in Aug 2018, was backed by Oak HC/FT, Clal and Harvey Golub/ GF and 2 others.

### What stage is Pagaya at?

Pagaya's latest named round is a Debt, in Sept 2026.

### Where is Pagaya based?

Pagaya is based in the United States.

### Who led Pagaya's rounds?

Oak HC/FT led the Series C in 2019.

## Companies like Pagaya

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
