United States · Series A startup

Who invested in Thesis

2 rounds we have observed, with the 8 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

Funding summaryUpdated 26 Oct 2026

$29Mraised across 2 rounds since 2021, from 2 sources

$21MSeries A$8.4MSeries A
Latest round
Series A, $8.4MMay 2023
Biggest round
$21MSeries A · Jul 2021
Investors
8
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.

20222023
$21MSeries A$8.4MSeries A
First round
Series A, $21M
Jul 2021
Biggest round
$21M
Series A · Jul 2021
Between rounds
22 months
from the last two

The rounds

  1. May 2023
    Series A$8.4M2 new

    Source recorded

  2. Jul 2021
    Series A$21M6 new

    Source recordedSEC filing: $26M sold, first sale Jun 2021

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.

Everyone who backed them

Y CombinatorAccelerator1round
Andreessen HorowitzVC firm1round
Draper AssociatesVC firm1round
ParadigmVC firm1round
PolychainVC firm1round
Unilever VenturesCorporate VC1round
ParaFi CapitalVC firm1round
XRC VenturesAccelerator1round

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

Quick answers about Thesis

Who invested in Thesis?

Thesis's investors include Y Combinator, Andreessen Horowitz, Draper Associates, Paradigm and Polychain, and 3 more on record.

How much has Thesis raised?

Thesis has raised $29M across 2 rounds since 2021.

When did Thesis last raise?

Thesis's most recent round was a Series A of $8.4M in May 2023.

What was Thesis's biggest round?

Thesis's largest round on record is $21M (Series A), in Jul 2021.

Who backed Thesis first?

Thesis's first round on record, in Jul 2021, was backed by Y Combinator, Andreessen Horowitz and Draper Associates and 3 others.

What stage is Thesis at?

Thesis's latest named round is a Series A, in May 2023.

Where is Thesis based?

Thesis is based in the United States.

Companies like Thesis

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

Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.