United States · Series B startup

Who invested in Promise

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.

Fintech

Valuation: $520M, Oct 2024Y Combinator: W18

Funding summaryUpdated 26 Oct 2026

$28Mraised across 2 rounds since 2018, from 2 sources

$3.0MRound$25MSeries B
Latest round
Series B, $25MFeb 2022
Step-upi
8.3×
Investors
8
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.

20182019202020212022
$3.0MRound$25MSeries B
First round
Round, $3.0M
Mar 2018
Biggest round
$25M
Series B · Feb 2022
Between rounds
3.8 years
from the last two

The rounds

  1. Feb 2022
  2. Mar 2018
    Round$3.0M4 new

    Reported by FinSMEs

Founders and team

From Promise's own website: 1 founder, 4 on the team.

Phaedra Ellis-LamkinsCo-Founder, CEO
  • Evan MarshakCTO
  • Jason RichardsonCOO
  • Olivia ManCFO
  • Juliet EllisHead of Utilities

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.

Everyone who backed them

Y CombinatorAccelerator2rounds
8VCVC firm2rounds
First Round CapitalVC firm1round
Village GlobalVC firm1round
Kapor CapitalVC firm1round
Z Venture CapitalCorporate VC1round
XYZ Venture CapitalVC firm1round
Adelfosno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Promise 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.

Bronze InvestmentsVC firmPer its own site
AlderbrookVC firmPer its own site

Quick answers about Promise

Who invested in Promise?

Promise's investors include Y Combinator, 8VC, First Round Capital, Village Global and Kapor Capital, and 3 more on record.

How much has Promise raised?

Promise has raised $28M across 2 rounds since 2018.

When did Promise last raise?

Promise's most recent round was a Series B of $25M in Feb 2022.

What was Promise's biggest round?

Its most recent round, $25M in Feb 2022, is also its largest on record.

Who backed Promise first?

Promise's first round on record, in Mar 2018, was backed by Y Combinator, 8VC and Kapor Capital and 1 others.

What stage is Promise at?

Promise's latest named round is a Series B, in Feb 2022.

Where is Promise based?

Promise is based in the United States.

Companies like Promise

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

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