# Pine Protocol funding: rounds and investors > Pine Protocol has raised $4.5M across 2 rounds since 2022. Investors include Amber Group, The Spartan Group and Alameda Research. Every round with its source. Source: https://millionrounds.com/company/pine-protocol (Millionrounds; every figure on the page links to its filing or article) Panama · [Seed startup](https://millionrounds.com/companies) # Who invested in *Pine Protocol* 2 rounds we have observed, with the 4 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. Financial Services Funding summary Updated 26 Oct 2026 **$4.5M** raised across 2 rounds since 2022, from 2 sources **$1.5M** Seed **$3.0M** Seed - **Latest round:** Seed, $3.0M Dec 2022 - **Step-up i:** 2× - **Investors:** 4 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. 2023 **$1.5M** Seed **$3.0M** Seed - **First round:** Seed, $1.5M - **Biggest round:** $3.0M - **Between rounds:** 7 months ## The rounds - **Dec 2022** Seed **$3.0M** *1 new* *2 returning* [Amber Group](https://millionrounds.com/fund/amber-group) [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) [Shima Capital](https://millionrounds.com/fund/shima-capital) Source recorded - **May 2022** Seed **$1.5M** *3 new* [Amber Group](https://millionrounds.com/fund/amber-group) [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) [Alameda Research](https://millionrounds.com/fund/alameda-research) Source recorded ## 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** 2022 **Seed** 2022 [Amber Group](https://millionrounds.com/fund/amber-group) [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) [Alameda Research](https://millionrounds.com/fund/alameda-research) [Shima Capital](https://millionrounds.com/fund/shima-capital) ## Everyone who backed them [Amber Group](https://millionrounds.com/fund/amber-group) VC firm **2** rounds [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) Venture studio **2** rounds [Alameda Research](https://millionrounds.com/fund/alameda-research) Private equity **1** round [Shima Capital](https://millionrounds.com/fund/shima-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=pine-protocol). ## Quick answers about Pine Protocol ### Who invested in Pine Protocol? Pine Protocol's investors include Amber Group, The Spartan Group, Alameda Research and Shima Capital. ### How much has Pine Protocol raised? Pine Protocol has raised $4.5M across 2 rounds since 2022. ### When did Pine Protocol last raise? Pine Protocol's most recent round was a Seed of $3.0M in Dec 2022. ### What was Pine Protocol's biggest round? Its most recent round, $3.0M in Dec 2022, is also its largest on record. ### Who backed Pine Protocol first? Pine Protocol's first round on record, in May 2022, was backed by Amber Group, The Spartan Group and Alameda Research. ### What stage is Pine Protocol at? Pine Protocol's latest named round is a Seed, in Dec 2022. ### Where is Pine Protocol based? Pine Protocol is based in Panama. ## Companies like Pine Protocol In the same sector, and raised in the last eighteen months. [**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Cashbanx** $4.1M · Oct 2026](https://millionrounds.com/company/cashbanx) ## 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