Portugal · 
Who invested in Tonic App?
Tonic App's investors include TheVentureCity, Armilar Venture Partners, Portugal Ventures, Shilling VC and Vesalius Biocapital III.
20202021202220232024
$3.9MRound$12MSeries A
Portugal · Series A startup
Who invested in Tonic App
Funding summaryUpdated 26 Oct 2026
$16Mraised across 2 rounds since 2019, from 2 sources
$3.9MRound$12MSeries A
- Latest round
- Series A, $12MMar 2024
- Step-upi
- 3×
- Investors
- 5
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $3.9M Aug 2019
- Biggest round
- $12M Series A · Mar 2024
- Between rounds
- 4.5 years from the last two
The rounds
- Mar 2024
- Aug 2019Round$3.9M4 new
Reported by Armilar
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
Missing a round, or an investor who was in one? Tell us.
Quick answers about Tonic App
How much has Tonic App raised?
Tonic App has raised $16M across 2 rounds since 2019.
When did Tonic App last raise?
Tonic App's most recent round was a Series A of $12M in Mar 2024.
What was Tonic App's biggest round?
Its most recent round, $12M in Mar 2024, is also its largest on record.
Who backed Tonic App first?
Tonic App's first round on record, in Aug 2019, was backed by Portugal Ventures, TheVentureCity and Armilar Venture Partners and 1 others.
What stage is Tonic App at?
Tonic App's latest named round is a Series A, in Mar 2024.
Where is Tonic App based?
Tonic App is based in Portugal.
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