# Terminal funding: rounds and investors

> Terminal has raised $49M across 4 rounds since 2018. Investors include Lightspeed Venture Partners, Craft Ventures and Atomic. Every round with its source.

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

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Terminal*

4 rounds we have observed, with the 14 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.

E-commerce

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$49M** raised across 4 rounds since 2018, from 4 sources

**$10M** Series A **$17M** Series B **$2.1M** Seed **$20M** Series A

- **Latest round:** Series A, $20M Jul 2026
- **Step-up i:** 9.5×
- **Investors:** 14 (1 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.

2018 2020 2022 2024 2026

**$10M** Series A

**$17M** Series B

**$2.1M** Seed

**$20M** Series A

- **First round:** Series A, $10M
- **Biggest round:** $20M
- **Usual gap between rounds:** 2.7 years

## The rounds

- **Jul 2026** Series A **$20M** *3 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [Golden Ventures](https://millionrounds.com/fund/golden-ventures) Source recorded
- **Jun 2022** Seed **$2.1M** *1 new* [Hustle Fund](https://millionrounds.com/fund/hustle-fund) Source recorded
- **Sept 2019** Series B **$17M** *4 new* *3 returning* [8VC](https://millionrounds.com/fund/8vc) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) [Atomic](https://millionrounds.com/fund/atomic) Reported by FinSMEs
- **May 2018** Series A **$10M** *6 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Jerry Yang](https://millionrounds.com/fund/jerry-yang) [Atomic](https://millionrounds.com/fund/atomic) [Thiel Capital](https://millionrounds.com/fund/thiel-capital) Reported by FinSMEs

## 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 A** 2018 **Series B** 2019 **Seed** 2022 **Series A** 2026 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Atomic](https://millionrounds.com/fund/atomic) [8VC](https://millionrounds.com/fund/8vc) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Hustle Fund](https://millionrounds.com/fund/hustle-fund) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures)

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds

[Craft Ventures](https://millionrounds.com/fund/craft-ventures) VC firm **2** rounds

[Atomic](https://millionrounds.com/fund/atomic) VC firm **2** rounds

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

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) VC firm **1** round

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

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round

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

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

[Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) VC firm **1** round

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

[Jerry Yang](https://millionrounds.com/fund/jerry-yang) VC firm **1** round

[Thiel Capital](https://millionrounds.com/fund/thiel-capital) VC firm **1** round

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

## Quick answers about Terminal

### Who invested in Terminal?

Terminal's investors include Lightspeed Venture Partners, Craft Ventures, Atomic, 8VC and Y Combinator, and 9 more on record.

### How much has Terminal raised?

Terminal has raised $49M across 4 rounds since 2018.

### When did Terminal last raise?

Terminal's most recent round was a Series A of $20M in Jul 2026.

### What was Terminal's biggest round?

Its most recent round, $20M in Jul 2026, is also its largest on record.

### Who backed Terminal first?

Terminal's first round on record, in May 2018, was backed by Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Craft Ventures and 3 others.

### What stage is Terminal at?

Terminal's latest named round is a Series A, in Jul 2026.

### Where is Terminal based?

Terminal is based in the United States.

### Who led Terminal's rounds?

8VC led the Series B in 2019.

## Companies like Terminal

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

[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**Stord** $782M · Oct 2026](https://millionrounds.com/company/stord)[**Santé** $23M · Oct 2026](https://millionrounds.com/company/sante)[**Siena AI** $23M · Oct 2026](https://millionrounds.com/company/siena-ai)[**Relay** $207M · Oct 2026](https://millionrounds.com/company/relay)

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