# Tonal funding: rounds and investors > Tonal has raised $175M across 2 rounds since 2019. Investors include L Catterton, Mayfield Fund and Sapphire Ventures. Every round with its source. Source: https://millionrounds.com/company/tonal (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *Tonal* 2 rounds we have observed, with the 7 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. AI Consumer Services Valuation: $575M, Oct 2024 Funding summary Updated 26 Oct 2026 **$175M** raised across 2 rounds since 2019, from 2 sources **$45M** Series C **$130M** Venture - **Latest round:** Venture, $130M Apr 2023 - **Step-up i:** 2.9× - **Investors:** 7 (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. 2019 2020 2021 2022 2023 **$45M** Series C **$130M** Venture - **First round:** Series C, $45M - **Biggest round:** $130M - **Between rounds:** 4 years ## The rounds - **Apr 2023** Venture **$130M** *1 new* *3 returning* [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) [L Catterton](https://millionrounds.com/fund/l-catterton) Source recorded - **Apr 2019** Series C **$45M** *6 new* [L Catterton](https://millionrounds.com/fund/l-catterton) Lead [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Evolution Media](https://millionrounds.com/fund/evolution-media) Serena William 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 C** 2019 **Venture** 2023 [L Catterton](https://millionrounds.com/fund/l-catterton) L [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) [Evolution Media](https://millionrounds.com/fund/evolution-media) Serena William ## Everyone who backed them [L Catterton](https://millionrounds.com/fund/l-catterton) Private equity **2** rounds, led 1 [Mayfield Fund](https://millionrounds.com/fund/mayfield) VC firm **2** rounds [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) VC firm **2** rounds [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) VC firm **1** round [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) VC firm **1** round [Evolution Media](https://millionrounds.com/fund/evolution-media) VC firm **1** round Serena William 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=tonal). ## Also claim to have backed them These 10 firms list Tonal 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. [New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) VC firm Per its own site [Scooter Braun](https://millionrounds.com/fund/scooter-braun) Angel Per its own site [Dreamers VC](https://millionrounds.com/fund/dreamers-vc) VC firm Per its own site [Team Builder Ventures](https://millionrounds.com/fund/team-builder-ventures) VC firm Per its own site [359 Capital](https://millionrounds.com/fund/359-capital) VC firm Per its own site [Baukunst](https://millionrounds.com/fund/baukunst) VC firm Per its own site [Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site [EKJ Capital](https://millionrounds.com/fund/ekj-capital) VC firm Per its own site [Flucas Ventures](https://millionrounds.com/fund/flucas-ventures) Angel network Per its own site [Good Reason](https://millionrounds.com/fund/good-reason) VC firm Per its own site ## Quick answers about Tonal ### Who invested in Tonal? Tonal's investors include L Catterton, Mayfield Fund, Sapphire Ventures, Shasta Ventures and Kindred Ventures, and 2 more on record. ### How much has Tonal raised? Tonal has raised $175M across 2 rounds since 2019. ### When did Tonal last raise? Tonal's most recent round was a Venture of $130M in Apr 2023. ### What was Tonal's biggest round? Its most recent round, $130M in Apr 2023, is also its largest on record. ### Who backed Tonal first? Tonal's first round on record, in Apr 2019, was backed by L Catterton, Mayfield Fund and Shasta Ventures and 3 others. ### What stage is Tonal at? Tonal's latest named round is a Venture, in Apr 2023. ### Where is Tonal based? Tonal is based in the United States. ### Who led Tonal's rounds? L Catterton led the Series C in 2019. ## Companies like Tonal In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor) ## 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