# Tonic App funding: rounds and investors > Tonic App has raised $16M across 2 rounds since 2019. Investors include TheVentureCity, Armilar Venture Partners and Portugal Ventures. Source: https://millionrounds.com/company/tonic-app (Millionrounds; every figure on the page links to its filing or article) Portugal · [Series A startup](https://millionrounds.com/companies) # Who invested in *Tonic App* 2 rounds we have observed, with the 5 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. Biotech Data Infrastructure Healthcare Funding summary Updated 26 Oct 2026 **$16M** raised across 2 rounds since 2019, from 2 sources **$3.9M** Round **$12M** Series A - **Latest round:** Series A, $12M Mar 2024 - **Step-up i:** 3× - **Investors:** 5 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. 2020 2021 2022 2023 2024 **$3.9M** Round **$12M** Series A - **First round:** Round, $3.9M - **Biggest round:** $12M - **Between rounds:** 4.5 years ## The rounds - **Mar 2024** Series A **$12M** *1 new* *2 returning* [TheVentureCity](https://millionrounds.com/fund/theventurecity) [Shilling VC](https://millionrounds.com/fund/shilling) [Armilar Venture Partners](https://millionrounds.com/fund/armilar) Source recorded - **Aug 2019** Round **$3.9M** *4 new* [Portugal Ventures](https://millionrounds.com/fund/portugal-ventures) [TheVentureCity](https://millionrounds.com/fund/theventurecity) [Armilar Venture Partners](https://millionrounds.com/fund/armilar) [Vesalius Biocapital III](https://millionrounds.com/fund/vesalius-biocapital-iii) 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. **Round** 2019 **Series A** 2024 [TheVentureCity](https://millionrounds.com/fund/theventurecity) [Armilar Venture Partners](https://millionrounds.com/fund/armilar) [Portugal Ventures](https://millionrounds.com/fund/portugal-ventures) [Shilling VC](https://millionrounds.com/fund/shilling) [Vesalius Biocapital III](https://millionrounds.com/fund/vesalius-biocapital-iii) ## Everyone who backed them [TheVentureCity](https://millionrounds.com/fund/theventurecity) VC firm **2** rounds [Armilar Venture Partners](https://millionrounds.com/fund/armilar) VC firm **2** rounds [Portugal Ventures](https://millionrounds.com/fund/portugal-ventures) VC firm **1** round [Shilling VC](https://millionrounds.com/fund/shilling) VC firm **1** round [Vesalius Biocapital III](https://millionrounds.com/fund/vesalius-biocapital-iii) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=tonic-app). ## Quick answers about Tonic App ### Who invested in Tonic App? Tonic App's investors include TheVentureCity, Armilar Venture Partners, Portugal Ventures, Shilling VC and Vesalius Biocapital III. ### 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. ## Companies like Tonic App In the same sector, and raised in the last eighteen months. [**Hope Care Health** $7.0M · Sept 2026](https://millionrounds.com/company/hope-care-health)[**Usawa Care** $3.0M · Sept 2026](https://millionrounds.com/company/usawa-care)[**Lampsy Health** $58K · Sept 2026](https://millionrounds.com/company/lampsy-health)[**Fetalix** $532K · Apr 2026](https://millionrounds.com/company/fetalix)[**Exogenus Therapeutics** $113K · Apr 2026](https://millionrounds.com/company/exogenus-therapeutics)[**CleoCare** Dec 2025](https://millionrounds.com/company/cleocare) ## 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