# Sycamore funding: rounds and investors

> Sycamore has raised $65M across 2 rounds since 2025. Investors include Lightspeed Venture Partners, Coatue and 8VC. Every round with its source.

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

Nigeria · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Sycamore*

2 rounds we have observed, with the 13 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.

AI Enterprise Software Fintech

Raised 7 months ago Y Combinator: W17

Follow Sycamore and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fsycamore)

Funding summary Updated 5 Nov 2026

**$65M** raised across 2 rounds since 2025, from 3 sources

- **Latest round:** Seed, $65M Apr 2026
- **Led by:** Lightspeed Venture Partners and Coatue
- **Investors:** 13 (2 led)

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.

2026

**?** Debt

**$65M** Seed

- **First round:** Debt
- **Biggest round:** $65M
- **Between rounds:** 10 months

## The rounds

- **Apr 2026** Seed **$65M** *13 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [Coatue](https://millionrounds.com/fund/coatue-management) Lead [8VC](https://millionrounds.com/fund/8vc) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) [The E14 Fund](https://millionrounds.com/fund/e14-fund) [Lip-Bu Tan](https://millionrounds.com/fund/lip-bu-tan) [Fellows Fund](https://millionrounds.com/fund/fellows-fund) [515 Ventures](https://millionrounds.com/fund/515-ventures) [Bob McGrew](https://millionrounds.com/fund/bob-mcgrew) [Soham Mazumdar](https://millionrounds.com/fund/soham-mazumdar) [Ali Ghodsi](https://millionrounds.com/fund/ali-ghodsi) [Mike Knoop](https://millionrounds.com/fund/mike-knoop) Reported by TechCrunch and 1 other SEC filing: $12M sold
- **May 2025** Debt **₦1 billion** No investor was named in the report. Reported by TechCabal

## Founders and team

From Sycamore's own website: 3 on the team.

- **Baiba Birzniece** Chief Investment Officer
- **Indrek Rahumaa** Partner
- **Maris Macijevskis** Investment Manager

## 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.

**Debt** 2025 **Seed** 2026 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) L [Coatue](https://millionrounds.com/fund/coatue-management) L [8VC](https://millionrounds.com/fund/8vc) [Abstract Ventures](https://millionrounds.com/fund/abstract) [Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) [The E14 Fund](https://millionrounds.com/fund/e14-fund) [Lip-Bu Tan](https://millionrounds.com/fund/lip-bu-tan) [515 Ventures](https://millionrounds.com/fund/515-ventures) [Fellows Fund](https://millionrounds.com/fund/fellows-fund) [Bob McGrew](https://millionrounds.com/fund/bob-mcgrew)

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round, led 1

[Coatue](https://millionrounds.com/fund/coatue-management) VC firm **1** round, led 1

[8VC](https://millionrounds.com/fund/8vc) VC firm **1** round

[Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm **1** round

[Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) Corporate VC **1** round

[The E14 Fund](https://millionrounds.com/fund/e14-fund) VC firm **1** round

[Lip-Bu Tan](https://millionrounds.com/fund/lip-bu-tan) VC firm **1** round

[515 Ventures](https://millionrounds.com/fund/515-ventures) VC firm **1** round

[Fellows Fund](https://millionrounds.com/fund/fellows-fund) VC firm **1** round

[Bob McGrew](https://millionrounds.com/fund/bob-mcgrew) Investment firm **1** round

[Soham Mazumdar](https://millionrounds.com/fund/soham-mazumdar) Angel **1** round

[Ali Ghodsi](https://millionrounds.com/fund/ali-ghodsi) Angel **1** round

[Mike Knoop](https://millionrounds.com/fund/mike-knoop) VC firm **1** round

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

## Quick answers about Sycamore

### Who invested in Sycamore?

Sycamore's investors include Lightspeed Venture Partners, Coatue, 8VC, Abstract Ventures and Dell Technologies Capital, and 8 more on record. Lightspeed Venture Partners led its latest round.

### How much has Sycamore raised?

Sycamore has raised $65M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

### When did Sycamore last raise?

Sycamore's most recent round was a Seed of $65M in Apr 2026, led by Lightspeed Venture Partners.

### What was Sycamore's biggest round?

Its most recent round, $65M in Apr 2026, is also its largest on record.

### Who backed Sycamore first?

Sycamore's first round on record, in Apr 2026, was backed by Lightspeed Venture Partners, Coatue and 8VC and 10 others.

### What stage is Sycamore at?

Sycamore's latest named round is a Seed, in Apr 2026.

### Where is Sycamore based?

Sycamore is based in Nigeria.

### Who led Sycamore's rounds?

Lightspeed Venture Partners led the Seed in 2026.

## Companies like Sycamore

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

[**Helium Health** $33M · Nov 2026](https://millionrounds.com/company/helium-health)[**MAX** $76M · Oct 2026](https://millionrounds.com/company/max)[**Nomba** $33M · Sept 2026](https://millionrounds.com/company/nomba)[**Yellow Card** $73M · Aug 2026](https://millionrounds.com/company/yellow-card)[**Moove** $350M · Aug 2026](https://millionrounds.com/company/moove)[**Daya** $2.4M · Jun 2026](https://millionrounds.com/company/daya)

## 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
