# Phoenix Labs funding: rounds and investors > Phoenix Labs has raised $2.9M across 2 rounds since 2014. Investors include Sapphire Ventures, Ridge Ventures and IGNIA. Every round with its source. Source: https://millionrounds.com/company/phoenix-labs (Millionrounds; every figure on the page links to its filing or article) Canada · [Series A startup](https://millionrounds.com/companies) # Who invested in *Phoenix Labs* 2 rounds we have observed, with the 6 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. IT Services Funding summary Updated 26 Oct 2026 **$2.9M** raised across 2 rounds since 2014, from 2 sources - **Latest round:** Series A, $2.9M Aug 2023 - **Investors:** 6 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. 2014 2016 2018 2020 2022 **?** Venture **$2.9M** Series A - **First round:** Venture - **Biggest round:** $2.9M - **Between rounds:** 9 years ## The rounds - **Aug 2023** Series A **$2.9M** *5 new* [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [IGNIA](https://millionrounds.com/fund/ignia-partners) [Notable Capital](https://millionrounds.com/fund/notable-capital) [Next Frontier Capital](https://millionrounds.com/fund/next-frontier-capital) Source recorded - **Aug 2014** Venture **Amount undisclosed** *1 new* [IDG Ventures USA](https://millionrounds.com/fund/idg-ventures-usa) From a historical funding record ## 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. **Venture** 2014 **Series A** 2023 [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [IGNIA](https://millionrounds.com/fund/ignia-partners) [Notable Capital](https://millionrounds.com/fund/notable-capital) [IDG Ventures USA](https://millionrounds.com/fund/idg-ventures-usa) [Next Frontier Capital](https://millionrounds.com/fund/next-frontier-capital) ## Everyone who backed them [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) VC firm **1** round [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) VC firm **1** round [IGNIA](https://millionrounds.com/fund/ignia-partners) VC firm **1** round [Notable Capital](https://millionrounds.com/fund/notable-capital) VC firm **1** round [IDG Ventures USA](https://millionrounds.com/fund/idg-ventures-usa) VC firm **1** round [Next Frontier Capital](https://millionrounds.com/fund/next-frontier-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=phoenix-labs). ## Quick answers about Phoenix Labs ### Who invested in Phoenix Labs? Phoenix Labs's investors include Sapphire Ventures, Ridge Ventures, IGNIA, Notable Capital and IDG Ventures USA, and 1 more on record. ### How much has Phoenix Labs raised? Phoenix Labs has raised $2.9M across 2 rounds since 2014. One round did not disclose an amount, so the total is a floor. ### When did Phoenix Labs last raise? Phoenix Labs's most recent round was a Series A of $2.9M in Aug 2023. ### What was Phoenix Labs's biggest round? Its most recent round, $2.9M in Aug 2023, is also its largest on record. ### Who backed Phoenix Labs first? Phoenix Labs's first round on record, in Aug 2014, was backed by IDG Ventures USA. ### What stage is Phoenix Labs at? Phoenix Labs's latest named round is a Series A, in Aug 2023. ### Where is Phoenix Labs based? Phoenix Labs is based in Canada. ## Companies like Phoenix Labs In the same sector, and raised in the last eighteen months. [**Expertise AI** $2.3M · Sept 2026](https://millionrounds.com/company/expertise-ai)[**Peripheral Labs** $12M · Aug 2026](https://millionrounds.com/company/peripheral-labs)[**AllScale** Jun 2026](https://millionrounds.com/company/allscale)[**Brilliant Harvest** $4.0M · Feb 2026](https://millionrounds.com/company/brilliant-harvest)[**Focus FS** $3.6M · Jan 2026](https://millionrounds.com/company/focus-fs)[**Citylogix** Jan 2026](https://millionrounds.com/company/citylogix) ## 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