# Smart Pension funding: rounds and investors > Smart Pension has raised $399M across 7 rounds since 2017. Investors include JP Morgan, Barclays Ventures and CIBC. Every round with its source. Source: https://millionrounds.com/company/smart-pension (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Funded startup](https://millionrounds.com/companies) # Who invested in *Smart Pension* 7 rounds we have observed, with the 6 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. Financial Services Fintech Funding summary Updated 26 Oct 2026 **$399M** raised across 7 rounds since 2017, from 7 sources **$15M** Series B **$119M** Round **$36M** Round **$2.0M** Round **$99M** Series E **$47M** Series E **$81M** Debt - **Latest round:** Debt, $81M Aug 2025 - **Biggest round:** $119M Round · Jun 2021 - **Step-up i:** 1.7× - **Investors:** 6 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. 2017 2019 2021 2023 2025 **$15M** Series B **$119M** Round **$36M** Round **$99M** Series E **$47M** Series E **$81M** Debt - **First round:** Series B, $15M - **Biggest round:** $119M - **Usual gap between rounds:** 16 months ## The rounds - **Aug 2025** Debt **$81M** *4 new* [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) [CIBC](https://millionrounds.com/fund/cibc) [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) Source recorded - **Mar 2024** Series E **$47M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **May 2023** Series E **$99M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jan 2022** Round **$2.0M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Sept 2021** Round **$36M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jun 2021** Round **$119M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jun 2017** Series B **$15M** *2 new* Stensrud family/ Tom Valentine William Reeve Reported by FinSMEs ## Funding filed with regulators Smart Pension filed 5 raises, $302M in all. Filings say how much was sold and to how many investors; they never name the investors. - Mar 2024 **$47M** UK share allotment - May 2023 **$99M** UK share allotment - Jan 2022 **$2.0M** UK share allotment - Sept 2021 **$36M** UK share allotment - Jun 2021 **$119M** UK share allotment ## 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. **Series B** 2017 **Round** 2021 **Round** 2021 **Round** 2022 **Series E** 2023 **Series E** 2024 **Debt** 2025 [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) [CIBC](https://millionrounds.com/fund/cibc) [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) Stensrud family/ Tom Valentine William Reeve ## Everyone who backed them [JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) Corporate VC **1** round [CIBC](https://millionrounds.com/fund/cibc) VC firm **1** round [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) VC firm **1** round Stensrud family/ Tom Valentine no record of our own yet **1** round William Reeve no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smart-pension). ## Also claim to have backed them This firm lists Smart Pension 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. [Portfolio Ventures](https://millionrounds.com/fund/will-martin) VC firm Per its own site ## Quick answers about Smart Pension ### Who invested in Smart Pension? Smart Pension's investors include JP Morgan, Barclays Ventures, CIBC, CIBC Innovation Banking and Stensrud family/ Tom Valentine, and 1 more on record. ### How much has Smart Pension raised? Smart Pension has raised $399M across 7 rounds since 2017. ### When did Smart Pension last raise? Smart Pension's most recent round was a Debt of $81M in Aug 2025. ### What was Smart Pension's biggest round? Smart Pension's largest round on record is $119M, in Jun 2021. ### Who backed Smart Pension first? Smart Pension's first round on record, in Jun 2017, was backed by Stensrud family/ Tom Valentine and William Reeve. ### What stage is Smart Pension at? Smart Pension's latest named round is a Debt, in Aug 2025. ### Where is Smart Pension based? Smart Pension is based in the United Kingdom. ## Companies like Smart Pension In the same sector, and raised in the last eighteen months. [**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Reactive Markets** Oct 2026](https://millionrounds.com/company/reactive-markets)[**IMMIX** $6.2M · Oct 2026](https://millionrounds.com/company/immix)[**TrueLayer** $376M · Oct 2026](https://millionrounds.com/company/truelayer)[**PlannerPal** $6.0M · Oct 2026](https://millionrounds.com/company/plannerpal)[**ELEMENTARYb** $4.2M · Sept 2026](https://millionrounds.com/company/elementaryb) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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