# Quartermaster funding: rounds and investors > Quartermaster has raised $183M across 2 rounds since 2026. Investors include First Round Capital, Quiet Capital and BoxGroup. Every round with its source. Source: https://millionrounds.com/company/quartermaster (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Quartermaster* 2 rounds we have observed, with the 11 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 Defence Tech IoT Logistics Raised 1 month ago Follow Quartermaster and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fquartermaster) Funding summary Updated 5 Nov 2026 **$183M** raised across 2 rounds since 2026, from 5 sources **$43M** Series A **$140M** Series B - **Latest round:** Series B, $140M Sept 2026 - **Led by:** Insight Partners - **Step-up i:** 3.3× - **Investors:** 11 (3 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. 2027 **$43M** Series A **$140M** Series B - **First round:** Series A, $43M - **Biggest round:** $140M - **Between rounds:** 4 months ## The rounds - **Sept 2026** Series B **$140M** *3 new* *6 returning* [Insight Partners](https://millionrounds.com/fund/insight-partners) Lead [First Round Capital](https://millionrounds.com/fund/first-round-capital) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Operator Partners](https://millionrounds.com/fund/operator-partners) [Overmatch Ventures](https://millionrounds.com/fund/overmatch-ventures) [Steel Atlas](https://millionrounds.com/fund/steel-atlas) [TMV Logistics](https://millionrounds.com/fund/tmv-logistics) [Stifel](https://millionrounds.com/fund/stifel) Reported by Tech Funding News and 2 others SEC filing: $49M sold - **May 2026** Series A **$43M** *8 new* [First Round Capital](https://millionrounds.com/fund/first-round-capital) Lead [Quiet Capital](https://millionrounds.com/fund/quiet-capital) Lead [BoxGroup](https://millionrounds.com/fund/boxgroup) [Operator Partners](https://millionrounds.com/fund/operator-partners) [David Adelman](https://millionrounds.com/fund/david-adelman) [Steel Atlas](https://millionrounds.com/fund/steel-atlas) [TMV Logistics](https://millionrounds.com/fund/tmv-logistics) [Shorewind Capital](https://millionrounds.com/fund/shorewind-capital) Reported by TechCrunch and 1 other SEC filing: $49M sold ## Founders and team From Quartermaster's own website: 3 on the team. - **Neil Sobin** CEO - **Matt Beck** COO - **Steve Ribaudo** COO ## 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. **Series A** 2026 **Series B** 2026 [First Round Capital](https://millionrounds.com/fund/first-round-capital) L [Quiet Capital](https://millionrounds.com/fund/quiet-capital) L [BoxGroup](https://millionrounds.com/fund/boxgroup) [Operator Partners](https://millionrounds.com/fund/operator-partners) [Steel Atlas](https://millionrounds.com/fund/steel-atlas) [TMV Logistics](https://millionrounds.com/fund/tmv-logistics) [Insight Partners](https://millionrounds.com/fund/insight-partners) L [Overmatch Ventures](https://millionrounds.com/fund/overmatch-ventures) [David Adelman](https://millionrounds.com/fund/david-adelman) [Shorewind Capital](https://millionrounds.com/fund/shorewind-capital) ## Everyone who backed them [First Round Capital](https://millionrounds.com/fund/first-round-capital) VC firm **2** rounds, led 1 [Quiet Capital](https://millionrounds.com/fund/quiet-capital) VC firm **2** rounds, led 1 [BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **2** rounds [Operator Partners](https://millionrounds.com/fund/operator-partners) VC firm **2** rounds [Steel Atlas](https://millionrounds.com/fund/steel-atlas) VC firm **2** rounds [TMV Logistics](https://millionrounds.com/fund/tmv-logistics) VC firm **2** rounds [Insight Partners](https://millionrounds.com/fund/insight-partners) Company **1** round, led 1 [Overmatch Ventures](https://millionrounds.com/fund/overmatch-ventures) VC firm **1** round [David Adelman](https://millionrounds.com/fund/david-adelman) Angel **1** round [Shorewind Capital](https://millionrounds.com/fund/shorewind-capital) VC firm **1** round [Stifel](https://millionrounds.com/fund/stifel) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=quartermaster). ## Also claim to have backed them These 2 firms list Quartermaster 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. [DEV Capital](https://millionrounds.com/fund/dev-capital) Venture studio Per its own site [Darco Capital](https://millionrounds.com/fund/darco-capital) Family office Per its own site ## Quick answers about Quartermaster ### Who invested in Quartermaster? Quartermaster's investors include First Round Capital, Quiet Capital, BoxGroup, Operator Partners and Steel Atlas, and 6 more on record. Insight Partners led its latest round. ### How much has Quartermaster raised? Quartermaster has raised $183M across 2 rounds since 2026. ### When did Quartermaster last raise? Quartermaster's most recent round was a Series B of $140M in Sept 2026, led by Insight Partners. ### What was Quartermaster's biggest round? Its most recent round, $140M in Sept 2026, is also its largest on record. ### Who backed Quartermaster first? Quartermaster's first round on record, in May 2026, was backed by First Round Capital, Quiet Capital and BoxGroup and 5 others. ### What stage is Quartermaster at? Quartermaster's latest named round is a Series B, in Sept 2026. ### Where is Quartermaster based? Quartermaster is based in the United States. ### Who led Quartermaster's rounds? First Round Capital led the Series A in 2026; Insight Partners led the Series B in 2026. ## Companies like Quartermaster In the same sector, and raised in the last eighteen months. [**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava) ## 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