# Shrapnel funding: rounds and investors

> Shrapnel has raised $20M across 1 round since 2025. Investors include Y Combinator, Polychain and Griffin Gaming Partners. Every round with its source.

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

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

# Who invested in *Shrapnel*

One round we have observed, with the 3 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.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$20M** raised across 1 round since 2025, from 1 source

- **Latest round:** Venture, $20M Aug 2025
- **Investors:** 3

See who backed them

## The rounds

- **Aug 2025** Venture **$20M** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Polychain](https://millionrounds.com/fund/polychain) [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) Source recorded

## Everyone who backed them

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

[Polychain](https://millionrounds.com/fund/polychain) VC firm **1** round

[Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) VC firm **1** round

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

## Also claim to have backed them

These 7 firms list Shrapnel 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.

[Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-3) VC firm Per its own site

[Varys Capital](https://millionrounds.com/fund/varys-capital) VC firm Per its own site

[Bixin Ventures](https://millionrounds.com/fund/bixin-ventures) Corporate VC Per its own site

[Digital Consensus Fund](https://millionrounds.com/fund/digital-consensus-fund) VC firm Per its own site

[ED3N Ventures](https://millionrounds.com/fund/ed3n-ventures) Venture studio Per its own site

[MONOLITH](https://millionrounds.com/fund/monolith) Hedge fund Per its own site

[Woodstock Fund](https://millionrounds.com/fund/woodstock-fund) Private equity Per its own site

## Quick answers about Shrapnel

### Who invested in Shrapnel?

Shrapnel's investors include Y Combinator, Polychain and Griffin Gaming Partners.

### How much has Shrapnel raised?

Shrapnel has raised $20M across 1 round since 2025.

### When did Shrapnel last raise?

Shrapnel's most recent round was a Venture of $20M in Aug 2025.

### What was Shrapnel's biggest round?

Its most recent round, $20M in Aug 2025, is also its largest on record.

### Who backed Shrapnel first?

Shrapnel's first round on record, in Aug 2025, was backed by Y Combinator, Polychain and Griffin Gaming Partners.

### What stage is Shrapnel at?

Shrapnel's latest named round is a Venture, in Aug 2025.

### Where is Shrapnel based?

Shrapnel is based in the United States.

## Companies like Shrapnel

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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