# Thread funding: rounds and investors > Thread has raised $81M across 11 rounds since 2012. Investors include Balderton Capital, Y Combinator and Innovation Works. Every round with its source. Source: https://millionrounds.com/company/thread (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Venture startup](https://millionrounds.com/companies) # Who invested in *Thread* 11 rounds we have observed, with the 18 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. Chemicals & Materials Internet Raised 11 months ago Y Combinator: S12 Funding summary Updated 26 Oct 2026 **$81M** raised across 11 rounds since 2012, from 11 sources **$700K** Seed **$2.5M** Seed **$2.8M** Series A **$8.0M** Series A **$31M** Round **$2.9M** Venture **$500K** Pre-seed **$15M** Series A **$18M** Venture - **Latest round:** Venture, $18M Dec 2025 - **Biggest round:** $31M Round · Oct 2018 - **Step-up i:** 1.2× - **Investors:** 18 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. 2014 2016 2018 2020 2022 2024 **?** Venture **$700K** Seed **$2.8M** Series A **$8.0M** Series A **$31M** Round **?** Venture **$2.9M** Venture **$500K** Pre-seed **$18M** Venture - **First round:** Venture - **Biggest round:** $31M - **Usual gap between rounds:** 16 months ## The rounds - **Dec 2025** Venture **$18M** *1 new* [Headline](https://millionrounds.com/fund/headline) Source recorded - **Oct 2023** Series A **$15M** No investor was named in the report. Source recorded - **Apr 2023** Pre-seed **$500K** *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded SEC filing: $2.9M sold, first sale Mar 2023 - **Mar 2023** Venture **$2.9M** *1 returning* [Innovation Works](https://millionrounds.com/fund/innovation-works) Source recorded SEC filing: $2.9M sold, first sale Mar 2023 - **Nov 2021** Venture **Amount undisclosed** *4 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Beringea](https://millionrounds.com/fund/beringea) [Passion Capital](https://millionrounds.com/fund/passion-capital) Source recorded - **Oct 2018** Round **$31M** *2 new* *1 returning* [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Forward](https://millionrounds.com/fund/forward) Beringeam H&M Reported by Businessinsider SEC filing: $1.5M sold, first sale Dec 2017 - **Aug 2015** Series A **$8.0M** *6 new* [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Mustafa Suleyman](https://millionrounds.com/fund/mustafa-suleyman) [Demis Hassabis](https://millionrounds.com/fund/demis-hassabis) Andrew Jennings Maurice Helfgott Sebastian Picardo From a historical funding record SEC filing: $2.8M sold, first sale Jun 2015 - **Jun 2015** Series A **$2.8M** *3 new* [Draper Triangle](https://millionrounds.com/fund/draper-triangle) [Riverfront Ventures](https://millionrounds.com/fund/riverfront-ventures) [DNS Capital](https://millionrounds.com/fund/dns-capital) From a historical funding record SEC filing: $2.8M sold, first sale Jun 2015 - **Dec 2013** Seed **$2.5M** No investor was named in the report. From a historical funding record - **Nov 2013** Seed **$700K** *1 new* [Innovation Works](https://millionrounds.com/fund/innovation-works) From a historical funding record - **Dec 2012** Venture **Amount undisclosed** *1 new* [Venrex](https://millionrounds.com/fund/venrex) From a historical funding record ## 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** 2015 **Series A** 2015 **Round** 2018 **Venture** 2021 **Venture** 2023 **Pre-seed** 2023 **Series A** 2023 **Venture** 2025 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Y Combinator](https://millionrounds.com/fund/y-combinator) [Innovation Works](https://millionrounds.com/fund/innovation-works) [Headline](https://millionrounds.com/fund/headline) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Beringea](https://millionrounds.com/fund/beringea) [Passion Capital](https://millionrounds.com/fund/passion-capital) [Venrex](https://millionrounds.com/fund/venrex) [Draper Triangle](https://millionrounds.com/fund/draper-triangle) [Riverfront Ventures](https://millionrounds.com/fund/riverfront-ventures) ## Everyone who backed them [Balderton Capital](https://millionrounds.com/fund/balderton-capital) VC firm **3** rounds [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds [Innovation Works](https://millionrounds.com/fund/innovation-works) Government **2** rounds [Headline](https://millionrounds.com/fund/headline) VC firm **1** round [LocalGlobe](https://millionrounds.com/fund/localglobe) VC firm **1** round [Beringea](https://millionrounds.com/fund/beringea) Private equity **1** round [Passion Capital](https://millionrounds.com/fund/passion-capital) VC firm **1** round [Venrex](https://millionrounds.com/fund/venrex) VC firm **1** round [Draper Triangle](https://millionrounds.com/fund/draper-triangle) VC firm **1** round [Riverfront Ventures](https://millionrounds.com/fund/riverfront-ventures) VC firm **1** round [DNS Capital](https://millionrounds.com/fund/dns-capital) Family office **1** round [Mustafa Suleyman](https://millionrounds.com/fund/mustafa-suleyman) Angel **1** round [Demis Hassabis](https://millionrounds.com/fund/demis-hassabis) VC firm **1** round [Forward](https://millionrounds.com/fund/forward) Hedge fund **1** round Andrew Jennings no record of our own yet **1** round Beringeam H&M no record of our own yet **1** round Maurice Helfgott no record of our own yet **1** round Sebastian Picardo no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=thread). ## Also claim to have backed them These 2 firms list Thread as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Badlands Capital](https://millionrounds.com/fund/badlands-capital) Private equity Per its own site [Hermann Capital Management](https://millionrounds.com/fund/hermann-capital-management) Investment firm Per its own site ## Quick answers about Thread ### Who invested in Thread? Thread's investors include Balderton Capital, Y Combinator, Innovation Works, Headline and LocalGlobe, and 13 more on record. ### How much has Thread raised? Thread has raised $81M across 11 rounds since 2012. 2 rounds did not disclose an amount, so the total is a floor. ### When did Thread last raise? Thread's most recent round was a Venture of $18M in Dec 2025. ### What was Thread's biggest round? Thread's largest round on record is $31M (Undisclosed round), in Oct 2018. ### Who backed Thread first? Thread's first round on record, in Dec 2012, was backed by Venrex. ### What stage is Thread at? Thread's latest named round is a Venture, in Dec 2025. ### Where is Thread based? Thread is based in the United Kingdom. ## Companies like Thread In the same sector, and raised in the last eighteen months. [**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Stasher** $8.3M · Sept 2026](https://millionrounds.com/company/stasher)[**Dragonfly Advanced Materials** $2.0M · Sept 2026](https://millionrounds.com/company/dragonfly-advanced-materials)[**Eterna Regeneratives** $4.0M · Sept 2026](https://millionrounds.com/company/eterna-regeneratives)[**iGii** $27M · Sept 2026](https://millionrounds.com/company/igii) ## 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