# Tenor Labs funding: rounds and investors

> Tenor Labs has raised $5.0M across 2 rounds since 2025. Investors include Coinbase Ventures, Variant and Nascent. Every round with its source.

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

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

# Who invested in *Tenor Labs*

2 rounds we have observed, with the 3 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.

Web3 & Crypto

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$5.0M** raised across 2 rounds since 2025, from 2 sources

**$2.5M** Seed **$2.5M** Seed

- **Latest round:** Seed, $2.5M Jul 2026
- **Investors:** 3

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.

2025 2026

**$2.5M** Seed

**$2.5M** Seed

- **First round:** Seed, $2.5M
- **Biggest round:** $2.5M
- **Between rounds:** 17 months

## The rounds

- **Jul 2026** Seed **$2.5M** *2 new* *1 returning* [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Variant](https://millionrounds.com/fund/variant) [Nascent](https://millionrounds.com/fund/nascent) Source recorded
- **Feb 2025** Seed **$2.5M** *1 new* [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Source recorded

## 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** 2025 **Seed** 2026 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Variant](https://millionrounds.com/fund/variant) [Nascent](https://millionrounds.com/fund/nascent)

## Everyone who backed them

[Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **2** rounds

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

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

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

## Quick answers about Tenor Labs

### Who invested in Tenor Labs?

Tenor Labs's investors include Coinbase Ventures, Variant and Nascent.

### How much has Tenor Labs raised?

Tenor Labs has raised $5.0M across 2 rounds since 2025.

### When did Tenor Labs last raise?

Tenor Labs's most recent round was a Seed of $2.5M in Jul 2026.

### What was Tenor Labs's biggest round?

Its most recent round, $2.5M in Jul 2026, is also its largest on record.

### Who backed Tenor Labs first?

Tenor Labs's first round on record, in Feb 2025, was backed by Coinbase Ventures.

### What stage is Tenor Labs at?

Tenor Labs's latest named round is a Seed, in Jul 2026.

### Where is Tenor Labs based?

Tenor Labs is based in Canada.

## Companies like Tenor Labs

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

[**SPIRIT Blockchain Capital** $304K · Jun 2026](https://millionrounds.com/company/spirit-blockchain-capital)[**Luxxfolio** $1.1M · Jun 2026](https://millionrounds.com/company/luxxfolio)[**Parvis Invest** $2.2M · May 2026](https://millionrounds.com/company/parvis-invest)[**Uniblock** $7.5M · Mar 2026](https://millionrounds.com/company/uniblock)[**Cryptostar** $466K · Feb 2026](https://millionrounds.com/company/cryptostar)[**Republic Technologies** $100M · Nov 2025](https://millionrounds.com/company/republic-technologies)

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