# Promise funding: rounds and investors > Promise has raised $28M across 2 rounds since 2018. Investors include Y Combinator, 8VC and First Round Capital. Every round with its source. Source: https://millionrounds.com/company/promise (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # 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 2024 Y Combinator: W18 Funding summary Updated 26 Oct 2026 **$28M** raised across 2 rounds since 2018, from 2 sources **$3.0M** Round **$25M** Series B - **Latest round:** Series B, $25M Feb 2022 - **Step-up i:** 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. 2018 2019 2020 2021 2022 **$3.0M** Round **$25M** Series B - **First round:** Round, $3.0M - **Biggest round:** $25M - **Between rounds:** 3.8 years ## The rounds - **Feb 2022** Series B **$25M** *4 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [First Round Capital](https://millionrounds.com/fund/first-round-capital) [8VC](https://millionrounds.com/fund/8vc) [Village Global](https://millionrounds.com/fund/village-global-2) [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) Source recorded - **Mar 2018** Round **$3.0M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [8VC](https://millionrounds.com/fund/8vc) [Kapor Capital](https://millionrounds.com/fund/kapor-capital) Adelfos Reported by FinSMEs ## Founders and team From Promise's own website: 1 founder, 4 on the team. **Phaedra Ellis-Lamkins** Co-Founder, CEO - **Evan Marshak** CTO - **Jason Richardson** COO - **Olivia Man** CFO - **Juliet Ellis** Head 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. **Round** 2018 **Series B** 2022 [Y Combinator](https://millionrounds.com/fund/y-combinator) [8VC](https://millionrounds.com/fund/8vc) [First Round Capital](https://millionrounds.com/fund/first-round-capital) [Village Global](https://millionrounds.com/fund/village-global-2) [Kapor Capital](https://millionrounds.com/fund/kapor-capital) [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) Adelfos ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds [8VC](https://millionrounds.com/fund/8vc) VC firm **2** rounds [First Round Capital](https://millionrounds.com/fund/first-round-capital) VC firm **1** round [Village Global](https://millionrounds.com/fund/village-global-2) VC firm **1** round [Kapor Capital](https://millionrounds.com/fund/kapor-capital) VC firm **1** round [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) Corporate VC **1** round [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) VC firm **1** round Adelfos 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=promise). ## 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 Investments](https://millionrounds.com/fund/bronze-investments) VC firm Per its own site [Alderbrook](https://millionrounds.com/fund/alderbrook) VC firm Per 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. [**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) ## 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