# QRails funding: rounds and investors

> QRails has raised $15M across 2 rounds since 2018. Investors include Alan Morgan, Gary Hoffman and Jonathan Hughes. Every round with its source.

Source: https://millionrounds.com/company/qrails (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *QRails*

2 rounds we have observed, with the 3 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 Fintech

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2018, from 2 sources

**$7.0M** Round **$8.2M** Venture

- **Latest round:** Venture, $8.2M Aug 2022
- **Investors:** 3

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.

2019 2020 2021 2022

**$7.0M** Round

**$8.2M** Venture

- **First round:** Round, $7.0M
- **Biggest round:** $8.2M
- **Between rounds:** 3.8 years

## The rounds

- **Aug 2022** Venture **$8.2M** No investor was named in the report. Source recorded SEC filing: $7.8M sold, first sale Jul 2022
- **Oct 2018** Round **$7.0M** *3 new* Alan Morgan Gary Hoffman Jonathan Hughes Reported by Finextra SEC filing: $3.3M sold, first sale Mar 2018

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Brian Brinkley** Executive Officer, Director i
- **Jessica Pass** Executive Officer i

On the board, as filed i *Angus Walker* *Dan Revers* *Peggy Mangot* *William Weisman*

## 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 **Venture** 2022 Alan Morgan Gary Hoffman Jonathan Hughes

## Everyone who backed them

Alan Morgan no record of our own yet **1** round

Gary Hoffman no record of our own yet **1** round

Jonathan Hughes 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=qrails).

## Quick answers about QRails

### Who invested in QRails?

QRails's investors include Alan Morgan, Gary Hoffman and Jonathan Hughes.

### How much has QRails raised?

QRails has raised $15M across 2 rounds since 2018.

### When did QRails last raise?

QRails's most recent round was a Venture of $8.2M in Aug 2022.

### What was QRails's biggest round?

Its most recent round, $8.2M in Aug 2022, is also its largest on record.

### Who backed QRails first?

QRails's first round on record, in Oct 2018, was backed by Alan Morgan, Gary Hoffman and Jonathan Hughes.

### What stage is QRails at?

QRails's latest named round is a Venture, in Aug 2022.

### Where is QRails based?

QRails is based in the United States.

## Companies like QRails

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)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**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)

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