# Passbase funding: rounds and investors

> Passbase has raised $14M across 2 rounds since 2019. Investors include Eniac Ventures, Cowboy Ventures and Seedcamp. Every round with its source.

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

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

# Who invested in *Passbase*

2 rounds we have observed, with the 5 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.

Cybersecurity

Funding summary Updated 26 Oct 2026

**$14M** raised across 2 rounds since 2019, from 2 sources

**$3.6M** Seed **$10M** Series A

- **Latest round:** Series A, $10M Dec 2021
- **Step-up i:** 2.8×
- **Investors:** 5 (2 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 2021

**$3.6M** Seed

**$10M** Series A

- **First round:** Seed, $3.6M
- **Biggest round:** $10M
- **Between rounds:** 2.2 years

## The rounds

- **Dec 2021** Series A **$10M** *2 new* *3 returning* [Seedcamp](https://millionrounds.com/fund/seedcamp) [Eniac Ventures](https://millionrounds.com/fund/eniac-ventures) [Lakestar](https://millionrounds.com/fund/lakestar) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) Source recorded SEC filing: $10.0M sold, first sale Nov 2021
- **Sept 2019** Seed **$3.6M** *3 new* [Eniac Ventures](https://millionrounds.com/fund/eniac-ventures) Lead [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) Lead [Seedcamp](https://millionrounds.com/fund/seedcamp) Also list them on their own site [BLN Capital](https://millionrounds.com/fund/bln-capital) Reported by TechCrunch SEC filing: $3.8M sold, first sale Aug 2019

## Founders and team

From Passbase's own website and the SEC filings it signed: 7 on the team.

- **Gary Gallagher** President
- **Lawrence Calcano** Chairman & CEO
- **Brooks Entwistle** Head of International
- **David McGibbon** Executive Officer, Director i
- **Mattias Klenk** Executive Officer, Director i
- **Hannah Shaw Grove** Team
- **Henrique Francisco** Team

On the board, as filed i *Ted Wang*

## 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.

**Seed** 2019 **Series A** 2021 [Eniac Ventures](https://millionrounds.com/fund/eniac-ventures) L [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) L [Seedcamp](https://millionrounds.com/fund/seedcamp) [Lakestar](https://millionrounds.com/fund/lakestar) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures)

## Everyone who backed them

[Eniac Ventures](https://millionrounds.com/fund/eniac-ventures) VC firm **2** rounds, led 1

[Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) VC firm **2** rounds, led 1

[Seedcamp](https://millionrounds.com/fund/seedcamp) VC firm **2** rounds

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

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

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

## Also claim to have backed them

These 2 firms list Passbase 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.

[BLN Capital](https://millionrounds.com/fund/bln-capital) Family office Seed, 2022, per its site

[Squad Capital](https://millionrounds.com/fund/squad-capital) Investment firm Per its own site

## Quick answers about Passbase

### Who invested in Passbase?

Passbase's investors include Eniac Ventures, Cowboy Ventures, Seedcamp, Lakestar and Costanoa Ventures.

### How much has Passbase raised?

Passbase has raised $14M across 2 rounds since 2019.

### When did Passbase last raise?

Passbase's most recent round was a Series A of $10M in Dec 2021.

### What was Passbase's biggest round?

Its most recent round, $10M in Dec 2021, is also its largest on record.

### Who backed Passbase first?

Passbase's first round on record, in Sept 2019, was backed by Eniac Ventures, Cowboy Ventures and Seedcamp.

### What stage is Passbase at?

Passbase's latest named round is a Series A, in Dec 2021.

### Where is Passbase based?

Passbase is based in the United States.

### Who led Passbase's rounds?

Eniac Ventures led the Seed in 2019.

## Companies like Passbase

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

[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Opsin** $21M · Oct 2026](https://millionrounds.com/company/opsin)[**Harmonic Security** $68M · Oct 2026](https://millionrounds.com/company/harmonic-security)[**Reach Security** $60M · Oct 2026](https://millionrounds.com/company/reach-security)[**Persona** $210M · Oct 2026](https://millionrounds.com/company/persona)[**Hilt** $4.7M · Oct 2026](https://millionrounds.com/company/hilt)

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