# Petal funding: rounds and investors

> Petal has raised $301M across 5 rounds since 2017. Investors include Afore Capital, Rosecliff Ventures and Story. Every round with its source.

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

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

# Who invested in *Petal*

5 rounds we have observed, with the 20 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.

Fintech

Funding summary Updated 26 Oct 2026

**$301M** raised across 5 rounds since 2017, from 5 sources

**$3.6M** Seed **$13M** Series A **$34M** Round **$30M** Series B **$220M** Debt

- **Latest round:** Debt, $220M Aug 2023
- **Step-up i:** 7.3×
- **Investors:** 20

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.

2018 2019 2020 2021 2022 2023

**$3.6M** Seed

**$13M** Series A

**$34M** Round

**$30M** Series B

**$220M** Debt

- **First round:** Seed, $3.6M
- **Biggest round:** $220M
- **Usual gap between rounds:** 9 months

## The rounds

- **Aug 2023** Debt **$220M** *2 new* *1 returning* [Gaingels](https://millionrounds.com/fund/gaingels) [Samsung Next](https://millionrounds.com/fund/samsung-next) [Abstract Ventures](https://millionrounds.com/fund/abstract) Source recorded
- **Jan 2019** Series B **$30M** *2 new* *4 returning* [Afore Capital](https://millionrounds.com/fund/afore-capital) [RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) [Third Prime](https://millionrounds.com/fund/third-prime) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) Story Valar Ventures/ Greyhound Reported by FinSMEs
- **Oct 2018** Round **$34M** *2 new* [SVB Capital](https://millionrounds.com/fund/svb-capital) [Jefferies](https://millionrounds.com/fund/jefferies) Reported by FinSMEs
- **Jan 2018** Series A **$13M** *7 new* *5 returning* [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Afore Capital](https://millionrounds.com/fund/afore-capital) [RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) [Brooklyn Bridge Ventures](https://millionrounds.com/fund/brooklyn-bridge-ventures) [New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) [The Gramercy Fund](https://millionrounds.com/fund/the-gramercy-fund) [Ride Ventures](https://millionrounds.com/fund/ride-ventures) [Valar Ventures/ Third Prime](https://millionrounds.com/fund/valar-ventures-third-prime) Story The Social Entrepreneurs’ Fund Reported by FinSMEs
- **Sept 2017** Seed **$3.6M** *7 new* [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Afore Capital](https://millionrounds.com/fund/afore-capital) [Brooklyn Bridge Ventures](https://millionrounds.com/fund/brooklyn-bridge-ventures) [Silicon Badia](https://millionrounds.com/fund/badia-impact-fund) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) [Guild Capital](https://millionrounds.com/fund/guild-capital) Story Reported by FinSMEs

## 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** 2017 **Series A** 2018 **Round** 2018 **Series B** 2019 **Debt** 2023 [Afore Capital](https://millionrounds.com/fund/afore-capital) [Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) Story [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Abstract Ventures](https://millionrounds.com/fund/abstract) [RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) [Brooklyn Bridge Ventures](https://millionrounds.com/fund/brooklyn-bridge-ventures) [Gaingels](https://millionrounds.com/fund/gaingels) [SVB Capital](https://millionrounds.com/fund/svb-capital) [Samsung Next](https://millionrounds.com/fund/samsung-next)

## Everyone who backed them

[Afore Capital](https://millionrounds.com/fund/afore-capital) VC firm **3** rounds

[Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) VC firm **3** rounds

Story no record of our own yet **3** rounds

[Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) VC firm **2** rounds

[Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm **2** rounds

[RiverPark Ventures](https://millionrounds.com/fund/riverpark-ventures) VC firm **2** rounds

[Brooklyn Bridge Ventures](https://millionrounds.com/fund/brooklyn-bridge-ventures) VC firm **2** rounds

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

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

[Samsung Next](https://millionrounds.com/fund/samsung-next) Corporate VC **1** round

[Third Prime](https://millionrounds.com/fund/third-prime) VC firm **1** round

[Silicon Badia](https://millionrounds.com/fund/badia-impact-fund) VC firm **1** round

[New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) VC firm **1** round

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

[The Gramercy Fund](https://millionrounds.com/fund/the-gramercy-fund) VC firm **1** round

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

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

[Valar Ventures/ Third Prime](https://millionrounds.com/fund/valar-ventures-third-prime) VC firm **1** round

The Social Entrepreneurs’ Fund no record of our own yet **1** round

Valar Ventures/ Greyhound 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=petal).

## Quick answers about Petal

### Who invested in Petal?

Petal's investors include Afore Capital, Rosecliff Ventures, Story, Great Oaks Venture Capital and Abstract Ventures, and 15 more on record.

### How much has Petal raised?

Petal has raised $301M across 5 rounds since 2017.

### When did Petal last raise?

Petal's most recent round was a Debt of $220M in Aug 2023.

### What was Petal's biggest round?

Its most recent round, $220M in Aug 2023, is also its largest on record.

### Who backed Petal first?

Petal's first round on record, in Sept 2017, was backed by Great Oaks Venture Capital, Afore Capital and Brooklyn Bridge Ventures and 4 others.

### What stage is Petal at?

Petal's latest named round is a Debt, in Aug 2023.

### Where is Petal based?

Petal is based in the United States.

## Companies like Petal

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)

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