# Prior Labs funding: rounds and investors > Prior Labs has raised $1.2B across 2 rounds since 2025. Investors include SAP (Long-Z Investment), Balderton Capital and XTX Ventures. Source: https://millionrounds.com/company/prior-labs (Millionrounds; every figure on the page links to its filing or article) Germany · [Funded startup](https://millionrounds.com/companies) # Who invested in *Prior Labs* 2 rounds we have observed, with the 8 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 Enterprise Software Raised 6 months ago Follow Prior Labs and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fprior-labs) Funding summary Updated 5 Nov 2026 **$1.2B** raised across 2 rounds since 2025, from 2 sources **$9.4M** Pre-seed **$1.2B** Round - **Latest round:** Round, $1.2B May 2026 - **Led by:** SAP (Long-Z Investment) - **Step-up i:** 123.4× - **Investors:** 8 (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. 2025 2026 **$9.4M** Pre-seed **$1.2B** Round - **First round:** Pre-seed, $9.4M - **Biggest round:** $1.2B - **Between rounds:** 15 months ## The rounds - **May 2026** Round **$1.2B** *4 new* [SAP (Long-Z Investment)](https://millionrounds.com/fund/sap-long-z-investment) Lead [China Mobile](https://millionrounds.com/fund/china-mobile) [CPE Yuanfeng](https://millionrounds.com/fund/cpe-yuanfeng) [Tsinghua Capital](https://millionrounds.com/fund/tsinghua-capital) Reported by TechStartups - **Feb 2025** Pre-seed **$9.4M** *4 new* [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) [Thomas Wolf](https://millionrounds.com/fund/thomas-wolf) [Mandeep Singh](https://millionrounds.com/fund/mandeep-singh) Source recorded ## Founders and team From Prior Labs's own website: 9 founders, 4 on the team. **Guy Podjarny** Founder & CEO **Ian Livingstone** Co-founder & CEO **Mandeep Singh** Founder & CEO **Peter Sarlin** Co-Founder & CEO **Steve Anavi** Co-Founder & President **Renaud Visage** Co-Founder & CTO **Black Forest Labs** Co-Founder **Robin Rombach** Co-Founder **Thomas Wolf** Co-Founder & CSO - **Ashutosh Kulkarni** CEO - **Chris Lynch** Executive Chairman & CEO - **Madelon Hulsebos** Head of the Table Representation Learning Lab - **Ed Grefenstette** Director of Research Advisers *Alexander Rudolf Diehl* ## 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. **Pre-seed** 2025 **Round** 2026 [SAP (Long-Z Investment)](https://millionrounds.com/fund/sap-long-z-investment) L [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) [Thomas Wolf](https://millionrounds.com/fund/thomas-wolf) [Mandeep Singh](https://millionrounds.com/fund/mandeep-singh) [China Mobile](https://millionrounds.com/fund/china-mobile) [CPE Yuanfeng](https://millionrounds.com/fund/cpe-yuanfeng) [Tsinghua Capital](https://millionrounds.com/fund/tsinghua-capital) ## Everyone who backed them [SAP (Long-Z Investment)](https://millionrounds.com/fund/sap-long-z-investment) Investment firm **1** round, led 1 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) VC firm **1** round [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) VC firm **1** round [Thomas Wolf](https://millionrounds.com/fund/thomas-wolf) VC firm **1** round [Mandeep Singh](https://millionrounds.com/fund/mandeep-singh) Angel **1** round [China Mobile](https://millionrounds.com/fund/china-mobile) Investment firm **1** round [CPE Yuanfeng](https://millionrounds.com/fund/cpe-yuanfeng) Investment firm **1** round [Tsinghua Capital](https://millionrounds.com/fund/tsinghua-capital) Investment firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=prior-labs). ## Quick answers about Prior Labs ### Who invested in Prior Labs? Prior Labs's investors include SAP (Long-Z Investment), Balderton Capital, XTX Ventures, Thomas Wolf and Mandeep Singh, and 3 more on record. SAP (Long-Z Investment) led its latest round. ### How much has Prior Labs raised? Prior Labs has raised $1.2B across 2 rounds since 2025. ### When did Prior Labs last raise? Prior Labs's most recent round was an Undisclosed round of $1.2B in May 2026, led by SAP (Long-Z Investment). ### What was Prior Labs's biggest round? Its most recent round, $1.2B in May 2026, is also its largest on record. ### Who backed Prior Labs first? Prior Labs's first round on record, in Feb 2025, was backed by Balderton Capital, XTX Ventures and Thomas Wolf and 1 others. ### What stage is Prior Labs at? Prior Labs's latest named round is an Undisclosed round, in May 2026. ### Where is Prior Labs based? Prior Labs is based in Germany. ### Who led Prior Labs's rounds? SAP (Long-Z Investment) led the Undisclosed round in 2026. ## Companies like Prior Labs In the same sector, and raised in the last eighteen months. [**Pliant** $123M · Nov 2026](https://millionrounds.com/company/pliant)[**YGO** $9.0M · Oct 2026](https://millionrounds.com/company/ygo)[**Causa Prima** $30M · Oct 2026](https://millionrounds.com/company/causa-prima)[**Stenon** $41M · Oct 2026](https://millionrounds.com/company/stenon)[**1KOMMA5°** $563M · Oct 2026](https://millionrounds.com/company/1komma5)[**OllyGarden** $5.6M · Oct 2026](https://millionrounds.com/company/ollygarden) ## 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