# Spongecell funding: rounds and investors > Spongecell has raised $21M across 3 rounds since 2011. Investors include Safeguard Scientifics, Matthew Luckett and Eric Schmidt. Every round with its source. Source: https://millionrounds.com/company/spongecell (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Spongecell* 3 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. Advertising & Adtech Internet Funding summary Updated 26 Oct 2026 **$21M** raised across 3 rounds since 2011, from 3 sources **$10M** Series B **$11M** Debt - **Latest round:** Debt, $11M Nov 2016 - **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. 2012 2013 2014 2015 2016 **?** Round **$10M** Series B **$11M** Debt - **First round:** Round - **Biggest round:** $11M - **Usual gap between rounds:** 4.8 years ## The rounds - **Nov 2016** Debt **$11M** *1 new* *1 returning* [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [Pivotal Capital](https://millionrounds.com/fund/pivotal-capital-partners) Reported by FinSMEs - **Feb 2012** Series B **$10M** *1 new* *1 returning* [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [Matthew Luckett](https://millionrounds.com/fund/matthew-luckett) Reported by finsmes.com SEC filing: $10M sold, first sale Jan 2012 - **Jun 2011** Round **Amount undisclosed** *3 new* [Eric Schmidt](https://millionrounds.com/fund/eric-schmidt) [Jim Pallotta](https://millionrounds.com/fund/jim-pallotta) [Matthew Luckett](https://millionrounds.com/fund/matthew-luckett) Reported by techcrunch.com ## Founders and team From the SEC filings it signed: 1 on the team. - **Benjamin Kartzman** Executive Officer, Director i On the board, as filed i *Anthony Yam* *Erik Rasmussen* *Joe Robinson* ## 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. **Round** 2011 **Series B** 2012 **Debt** 2016 [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [Matthew Luckett](https://millionrounds.com/fund/matthew-luckett) [Eric Schmidt](https://millionrounds.com/fund/eric-schmidt) [Jim Pallotta](https://millionrounds.com/fund/jim-pallotta) [Pivotal Capital](https://millionrounds.com/fund/pivotal-capital-partners) ## Everyone who backed them [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) Private equity **2** rounds [Matthew Luckett](https://millionrounds.com/fund/matthew-luckett) Angel **2** rounds [Eric Schmidt](https://millionrounds.com/fund/eric-schmidt) Company **1** round [Jim Pallotta](https://millionrounds.com/fund/jim-pallotta) Angel **1** round [Pivotal Capital](https://millionrounds.com/fund/pivotal-capital-partners) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=spongecell). ## Quick answers about Spongecell ### Who invested in Spongecell? Spongecell's investors include Safeguard Scientifics, Matthew Luckett, Eric Schmidt, Jim Pallotta and Pivotal Capital. ### How much has Spongecell raised? Spongecell has raised $21M across 3 rounds since 2011. One round did not disclose an amount, so the total is a floor. ### When did Spongecell last raise? Spongecell's most recent round was a Debt of $11M in Nov 2016. ### What was Spongecell's biggest round? Its most recent round, $11M in Nov 2016, is also its largest on record. ### Who backed Spongecell first? Spongecell's first round on record, in Jun 2011, was backed by Eric Schmidt, Jim Pallotta and Matthew Luckett. ### What stage is Spongecell at? Spongecell's latest named round is a Debt, in Nov 2016. ### Where is Spongecell based? Spongecell is based in the United States. ## Companies like Spongecell In the same sector, and raised in the last eighteen months. [**Kevel** $75M · Oct 2026](https://millionrounds.com/company/kevel)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**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) ## 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