United States · Venture startup

Who invested in Theo

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 8 months ago

Funding summaryUpdated 26 Oct 2026

$100Mraised across 2 rounds since 2025, from 2 sources

$361KGrant$100MVenture
Latest round
Venture, $100MMar 2026
Step-upi
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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.

2026
$361KGrant$100MVenture
First round
Grant, $361K
Feb 2025
Biggest round
$100M
Venture · Mar 2026
Between rounds
13 months
from the last two

The rounds

  1. Mar 2026
    Venture$100M2 new

    Source recordedSEC filing: $501K sold, first sale Nov 2025

  2. Feb 2025
    Grant$361K1 new

    Source recordedSEC filing: $6.5M sold, first sale Apr 2025

Founders and team

From Theo's own website: 2 founders.

Victor BorscheCEO // Co-founder
Aswin RamachandranCTO // Co-founder

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.

Grant2025Venture2026Hack VCAmber GroupFIRSTPICK

Everyone who backed them

Hack VCVC firm1round
Amber GroupVC firm1round
FIRSTPICKVC firm1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Theo

Who invested in Theo?

Theo's investors include Hack VC, Amber Group and FIRSTPICK.

How much has Theo raised?

Theo has raised $100M across 2 rounds since 2025.

When did Theo last raise?

Theo's most recent round was a Venture of $100M in Mar 2026.

What was Theo's biggest round?

Its most recent round, $100M in Mar 2026, is also its largest on record.

Who backed Theo first?

Theo's first round on record, in Feb 2025, was backed by FIRSTPICK.

What stage is Theo at?

Theo's latest named round is a Venture, in Mar 2026.

Where is Theo based?

Theo is based in the United States.

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