# Reframe funding: rounds and investors

> Reframe has raised $10M across 2 rounds since 2022. Investors include Y Combinator, Liquid 2 Ventures and Pioneer Fund. Every round with its source.

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

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

# Who invested in *Reframe*

2 rounds we have observed, with the 5 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

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$10M** raised across 2 rounds since 2022, from 2 sources

- **Latest round:** Venture Apr 2026
- **Biggest round:** $10M Venture · Apr 2022
- **Investors:** 5

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

**$10M** Venture

**?** Venture

- **First round:** Venture, $10M
- **Biggest round:** $10M
- **Between rounds:** 4 years

## The rounds

- **Apr 2026** Venture **Amount undisclosed** *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded SEC filing: $4.3M sold
- **Apr 2022** Venture **$10M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [HOF Capital](https://millionrounds.com/fund/hof-capital) Source recorded SEC filing: $5.0M sold, first sale Dec 2021

## Founders and team

From Reframe's own website: 1 founder, 9 on the team.

**Dame Ann Heron Gloag** Founder Read full bio

- **Mark Stephenson** CEO Read full bio
- **Faisal Malik** Chief Information Officer Read full bio
- **Prof. Ben Kelly** Chief Operating Officer Read full bio
- **Nikki Cannon** Head of Clinical Operations Read full bio
- **Denise Wond** Marketing Director Read full bio
- **Dr. Darren Mann** Chairman Read full bio
- **Jacqui Gale** Non-Executive Director Read full bio
- **Jen Wilson** Non-Executive Director Read full bio
- **Russell Young** Commercial Director Read full bio

## 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.

**Venture** 2022 **Venture** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [HOF Capital](https://millionrounds.com/fund/hof-capital)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round

[Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) Private equity **1** round

[Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **1** round

[HOF Capital](https://millionrounds.com/fund/hof-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=reframe).

## Also claim to have backed them

This firm lists Reframe 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.

[Founder Factor](https://millionrounds.com/fund/founder-factor) VC firm Per its own site

## Quick answers about Reframe

### Who invested in Reframe?

Reframe's investors include Y Combinator, Liquid 2 Ventures, Pioneer Fund, Goodwater Capital and HOF Capital.

### How much has Reframe raised?

Reframe has raised $10M across 2 rounds since 2022. One round did not disclose an amount, so the total is a floor.

### When did Reframe last raise?

Reframe's most recent round was a Venture in Apr 2026.

### What was Reframe's biggest round?

Reframe's largest round on record is $10M (Venture), in Apr 2022.

### Who backed Reframe first?

Reframe's first round on record, in Apr 2022, was backed by Y Combinator, Liquid 2 Ventures and Pioneer Fund and 2 others.

### What stage is Reframe at?

Reframe's latest named round is a Venture, in Apr 2026.

### Where is Reframe based?

Reframe is based in the United States.

## Companies like Reframe

In the same sector, and raised in the last eighteen months.

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

## Find investors like these

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