# Shogun funding: rounds and investors

> Shogun has raised $2.1M across 1 round since 2018. Investors include Y Combinator and Initialized Capital. Every round with its source.

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

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

# Who invested in *Shogun*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Internet Martech

Valuation: $575M, Oct 2024 Y Combinator: W18

Funding summary Updated 26 Oct 2026

**$2.1M** raised across 1 round since 2018, from 1 source

- **Latest round:** Round, $2.1M Nov 2018
- **Investors:** 2

See who backed them

## The rounds

- **Nov 2018** Round **$2.1M** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) Reported by FinSMEs

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

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

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

## Also claim to have backed them

This firm lists Shogun 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.

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

## Quick answers about Shogun

### Who invested in Shogun?

Shogun's investors include Y Combinator and Initialized Capital.

### How much has Shogun raised?

Shogun has raised $2.1M across 1 round since 2018.

### When did Shogun last raise?

Shogun's most recent round was an Undisclosed round of $2.1M in Nov 2018.

### What was Shogun's biggest round?

Its most recent round, $2.1M in Nov 2018, is also its largest on record.

### Who backed Shogun first?

Shogun's first round on record, in Nov 2018, was backed by Y Combinator and Initialized Capital.

### What stage is Shogun at?

Shogun's latest named round is an Undisclosed round, in Nov 2018.

### Where is Shogun based?

Shogun is based in the United States.

## Companies like Shogun

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

[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Different** $48M · Oct 2026](https://millionrounds.com/company/different)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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