United States · 
Who invested in Rafay Systems?
Rafay Systems's investors include Ridge Ventures, NTT DOCOMO Ventures, Plug and Play, Menlo Ventures and Floodgate, and 3 more on record.
20202021
$8.0MSeries A$25MSeries B
United States · Series B startup
Who invested in Rafay Systems
Funding summaryUpdated 26 Oct 2026
$33Mraised across 2 rounds since 2019, from 2 sources
$8.0MSeries A$25MSeries B
- Latest round
- Series B, $25MAug 2021
- Step-upi
- 3.1×
- Investors
- 8 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series A, $8.0M Sept 2019
- Biggest round
- $25M Series B · Aug 2021
- Between rounds
- 23 months from the last two
The rounds
- Aug 2021Series B$25M4 new2 returning
Source recorded
- Sept 2019Series A$8.0M4 new
Reported by Fiercetelecom
Founders and team
From Rafay Systems's own website: 2 founders, 5 on the team.
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
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 2 firms list Rafay Systems 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.
Quick answers about Rafay Systems
How much has Rafay Systems raised?
Rafay Systems has raised $33M across 2 rounds since 2019.
When did Rafay Systems last raise?
Rafay Systems's most recent round was a Series B of $25M in Aug 2021.
What was Rafay Systems's biggest round?
Its most recent round, $25M in Aug 2021, is also its largest on record.
Who backed Rafay Systems first?
Rafay Systems's first round on record, in Sept 2019, was backed by Ridge Ventures, Costanoa Ventures and NTT DOCOMO Ventures and 1 others.
What stage is Rafay Systems at?
Rafay Systems's latest named round is a Series B, in Aug 2021.
Where is Rafay Systems based?
Rafay Systems is based in the United States.
Who led Rafay Systems's rounds?
Ridge Ventures led the Series A in 2019.
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