# Ratio funding: rounds and investors > Ratio has raised $419M across 4 rounds since 2022. Investors include Streamlined Ventures, Cervin Ventures and ENISA. Every round with its source. Source: https://millionrounds.com/company/ratio (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Ratio* 4 rounds we have observed, with the 7 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. B2B Fintech SaaS Raised 6 months ago Funding summary Updated 26 Oct 2026 **$419M** raised across 4 rounds since 2022, from 5 sources **$2.5M** Crowdfunding **$400M** Debt **$499K** Pre-seed **$16M** Seed - **Latest round:** Seed, $16M Apr 2026 - **Led by:** Streamlined Ventures - **Biggest round:** $400M Debt · Sept 2022 - **Step-up i:** 31.7× - **Investors:** 7 (1 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. 2022 2023 2024 2025 2026 **$2.5M** Crowdfunding **$400M** Debt **$499K** Pre-seed **$16M** Seed - **First round:** Crowdfunding, $2.5M - **Biggest round:** $400M - **Usual gap between rounds:** 11 months ## The rounds - **Apr 2026** Seed **$16M** *2 new* *2 returning* [Streamlined Ventures](https://millionrounds.com/fund/streamlined-ventures) Lead [Cervin Ventures](https://millionrounds.com/fund/cervin-ventures) [8-Bit Capital](https://millionrounds.com/fund/8-bit-capital) [Honeystone Ventures](https://millionrounds.com/fund/honeystone-ventures) Reported by Monte Carlo Capital and 1 other - **May 2025** Pre-seed **$499K** *1 new* [ENISA](https://millionrounds.com/fund/enisa) Source recorded - **Sept 2022** Debt **$400M** *2 new* [Streamlined Ventures](https://millionrounds.com/fund/streamlined-ventures) [Cervin Ventures](https://millionrounds.com/fund/cervin-ventures) Source recorded SEC filing: $200K sold, first sale May 2022 - **Feb 2022** Crowdfunding **$2.5M** *2 new* [Republic](https://millionrounds.com/fund/republic-2) [Alameda Research](https://millionrounds.com/fund/alameda-research) Source recorded SEC filing: $200K sold, first sale May 2022 ## 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. **Crowdfunding** 2022 **Debt** 2022 **Pre-seed** 2025 **Seed** 2026 [Streamlined Ventures](https://millionrounds.com/fund/streamlined-ventures) L [Cervin Ventures](https://millionrounds.com/fund/cervin-ventures) [ENISA](https://millionrounds.com/fund/enisa) [Republic](https://millionrounds.com/fund/republic-2) [Alameda Research](https://millionrounds.com/fund/alameda-research) [8-Bit Capital](https://millionrounds.com/fund/8-bit-capital) [Honeystone Ventures](https://millionrounds.com/fund/honeystone-ventures) ## Everyone who backed them [Streamlined Ventures](https://millionrounds.com/fund/streamlined-ventures) VC firm **2** rounds, led 1 [Cervin Ventures](https://millionrounds.com/fund/cervin-ventures) VC firm **2** rounds [ENISA](https://millionrounds.com/fund/enisa) VC firm **1** round [Republic](https://millionrounds.com/fund/republic-2) VC firm **1** round [Alameda Research](https://millionrounds.com/fund/alameda-research) Private equity **1** round [8-Bit Capital](https://millionrounds.com/fund/8-bit-capital) VC firm **1** round [Honeystone Ventures](https://millionrounds.com/fund/honeystone-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ratio). ## Also claim to have backed them This firm lists Ratio as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [AGE Fund](https://millionrounds.com/fund/age-fund) VC firm Per its own site ## Quick answers about Ratio ### Who invested in Ratio? Ratio's investors include Streamlined Ventures, Cervin Ventures, ENISA, Republic and Alameda Research, and 2 more on record. Streamlined Ventures led its latest round. ### How much has Ratio raised? Ratio has raised $419M across 4 rounds since 2022. ### When did Ratio last raise? Ratio's most recent round was a Seed of $16M in Apr 2026, led by Streamlined Ventures. ### What was Ratio's biggest round? Ratio's largest round on record is $400M (Debt), in Sept 2022. ### Who backed Ratio first? Ratio's first round on record, in Feb 2022, was backed by Republic and Alameda Research. ### What stage is Ratio at? Ratio's latest named round is a Seed, in Apr 2026. ### Where is Ratio based? Ratio is based in the United States. ### Who led Ratio's rounds? Streamlined Ventures led the Seed in 2026. ## Companies like Ratio In the same sector, and raised in the last eighteen months. [**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**DashFuel** Oct 2026](https://millionrounds.com/company/dashfuel)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos) ## 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