# Surf Air funding: rounds and investors > Surf Air has raised $153M across 7 rounds since 2012. Investors include Base Ventures, New Enterprise Associates and IVP. Every round with its source. Source: https://millionrounds.com/company/surf-air (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Surf Air* 7 rounds we have observed, with the 22 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. Logistics Raised 4 months ago Funding summary Updated 26 Oct 2026 **$153M** raised across 7 rounds since 2012, from 7 sources **$3.8M** Series A **$7.0M** Series B **$750K** Round **$8.0M** Series B **$65M** Debt **$69M** Debt - **Latest round:** Debt, $69M Jul 2026 - **Investors:** 22 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 2014 2016 2018 2020 2022 2024 2026 **?** Seed **$3.8M** Series A **$750K** Round **$8.0M** Series B **$69M** Debt - **First round:** Seed - **Biggest round:** $69M - **Usual gap between rounds:** 11 months ## The rounds - **Jul 2026** Debt **$69M** *1 new* *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [IVP](https://millionrounds.com/fund/ivp) [Wavemaker Partners](https://millionrounds.com/fund/wavemaker-partners) Source recorded - **Aug 2014** Series B **$8.0M** *4 new* *6 returning* [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) [IVP](https://millionrounds.com/fund/ivp) [Mucker Capital](https://millionrounds.com/fund/mucker-capital) [VegasTechFund](https://millionrounds.com/fund/vegastechfund) [Anthem Venture Partners](https://millionrounds.com/fund/anthem-ventures-fund-lp) [Base Ventures](https://millionrounds.com/fund/base-ventures) [Velos Partners](https://millionrounds.com/fund/velos-partners) [Jared Leto](https://millionrounds.com/fund/jared-leto) [Plus Capital](https://millionrounds.com/fund/plus-capital) [Rick J. Caruso](https://millionrounds.com/fund/rick-j-caruso) From a historical funding record - **Aug 2014** Debt **$65M** *1 new* White Oak Global Advisors From a historical funding record - **May 2014** Round **$750K** *1 new* [VegasTechFund](https://millionrounds.com/fund/vegastechfund) From a historical funding record - **Jun 2013** Series B **$7.0M** *1 new* *1 returning* [Base Ventures](https://millionrounds.com/fund/base-ventures) [Velos Partners](https://millionrounds.com/fund/velos-partners) Reported by pevc.dowjones.com - **Jun 2012** Series A **$3.8M** *12 new* *1 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Siemer Ventures](https://millionrounds.com/fund/siemer-ventures) [TriplePoint Capital](https://millionrounds.com/fund/triplepoint-capital) [Anthem Venture Partners](https://millionrounds.com/fund/anthem-ventures-fund-lp) [Structure Capital](https://millionrounds.com/fund/structure-capital) [Base Ventures](https://millionrounds.com/fund/base-ventures) [Baroda Ventures](https://millionrounds.com/fund/baroda-ventures-llc) [Jared Leto](https://millionrounds.com/fund/jared-leto) [Gil Elbaz](https://millionrounds.com/fund/gil-elbaz) [MuckerLab](https://millionrounds.com/fund/muckerlab) [Eytan Elbaz](https://millionrounds.com/fund/eytan-elbaz) [Jeff Stibel](https://millionrounds.com/fund/jeff-stibel) Rick Caruso Reported by techcrunch.com - **Apr 2012** Seed **Amount undisclosed** *2 new* [Mucker Capital](https://millionrounds.com/fund/mucker-capital) [Structure Capital](https://millionrounds.com/fund/structure-capital) From a historical funding record ## Founders and team From the SEC filings it signed: 2 on the team. - **Heidi Crane** Executive Officer i - **Sudhin Shahani** Executive Officer, Director i On the board, as filed i *Dennis Phelps* *James Bailey* *John D'Agostino* ## 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. **Seed** 2012 **Series A** 2012 **Series B** 2013 **Round** 2014 **Series B** 2014 **Debt** 2014 **Debt** 2026 [Base Ventures](https://millionrounds.com/fund/base-ventures) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [IVP](https://millionrounds.com/fund/ivp) [Mucker Capital](https://millionrounds.com/fund/mucker-capital) [VegasTechFund](https://millionrounds.com/fund/vegastechfund) [Anthem Venture Partners](https://millionrounds.com/fund/anthem-ventures-fund-lp) [Structure Capital](https://millionrounds.com/fund/structure-capital) [Velos Partners](https://millionrounds.com/fund/velos-partners) [Jared Leto](https://millionrounds.com/fund/jared-leto) [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) ## Everyone who backed them [Base Ventures](https://millionrounds.com/fund/base-ventures) VC firm **3** rounds [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds [IVP](https://millionrounds.com/fund/ivp) VC firm **2** rounds [Mucker Capital](https://millionrounds.com/fund/mucker-capital) VC firm **2** rounds [VegasTechFund](https://millionrounds.com/fund/vegastechfund) Private equity **2** rounds [Anthem Venture Partners](https://millionrounds.com/fund/anthem-ventures-fund-lp) VC firm **2** rounds [Structure Capital](https://millionrounds.com/fund/structure-capital) VC firm **2** rounds [Velos Partners](https://millionrounds.com/fund/velos-partners) VC firm **2** rounds [Jared Leto](https://millionrounds.com/fund/jared-leto) Angel **2** rounds [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) VC firm **1** round [Siemer Ventures](https://millionrounds.com/fund/siemer-ventures) VC firm **1** round [TriplePoint Capital](https://millionrounds.com/fund/triplepoint-capital) VC firm **1** round [Baroda Ventures](https://millionrounds.com/fund/baroda-ventures-llc) VC firm **1** round [Wavemaker Partners](https://millionrounds.com/fund/wavemaker-partners) VC firm **1** round [Gil Elbaz](https://millionrounds.com/fund/gil-elbaz) Angel **1** round [Plus Capital](https://millionrounds.com/fund/plus-capital) VC firm **1** round [MuckerLab](https://millionrounds.com/fund/muckerlab) VC firm **1** round [Eytan Elbaz](https://millionrounds.com/fund/eytan-elbaz) Angel **1** round [Jeff Stibel](https://millionrounds.com/fund/jeff-stibel) Angel **1** round [Rick J. Caruso](https://millionrounds.com/fund/rick-j-caruso) Investment firm **1** round Rick Caruso no record of our own yet **1** round White Oak Global Advisors 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=surf-air). ## Also claim to have backed them These 4 firms list Surf Air 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. [VTF Capital](https://millionrounds.com/fund/vtf-capital) VC firm Per its own site [Partners for Growth](https://millionrounds.com/fund/partners-for-growth) VC firm Per its own site [Lunch Partners](https://millionrounds.com/fund/lunch-partners) VC firm Per its own site [Urania Ventures](https://millionrounds.com/fund/urania-ventures) VC firm Per its own site ## Quick answers about Surf Air ### Who invested in Surf Air? Surf Air's investors include Base Ventures, New Enterprise Associates, IVP, Mucker Capital and VegasTechFund, and 17 more on record. ### How much has Surf Air raised? Surf Air has raised $153M across 7 rounds since 2012. One round did not disclose an amount, so the total is a floor. ### When did Surf Air last raise? Surf Air's most recent round was a Debt of $69M in Jul 2026. ### What was Surf Air's biggest round? Its most recent round, $69M in Jul 2026, is also its largest on record. ### Who backed Surf Air first? Surf Air's first round on record, in Apr 2012, was backed by Mucker Capital and Structure Capital. ### What stage is Surf Air at? Surf Air's latest named round is a Debt, in Jul 2026. ### Where is Surf Air based? Surf Air is based in the United States. ## Companies like Surf Air In the same sector, and raised in the last eighteen months. 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