# Troops funding: rounds and investors

> Troops has raised $23M across 3 rounds since 2016. Investors include Felicis, Aspect Ventures and Idinvest Partners. Every round with its source.

Source: https://millionrounds.com/company/troops (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Troops*

3 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.

HR Tech

Funding summary Updated 26 Oct 2026

**$23M** raised across 3 rounds since 2016, from 3 sources

**$7.0M** Round **$12M** Series B **$4.3M** Series A

- **Latest round:** Series A, $4.3M Sept 2020
- **Biggest round:** $12M Series B · Jun 2019
- **Investors:** 8 (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.

2017 2018 2019 2020

**$7.0M** Round

**$12M** Series B

**$4.3M** Series A

- **First round:** Round, $7.0M
- **Biggest round:** $12M
- **Usual gap between rounds:** 2.7 years

## The rounds

- **Sept 2020** Series A **$4.3M** *1 new* [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) Source recorded
- **Jun 2019** Series B **$12M** *6 new* *1 returning* [Aspect Ventures](https://millionrounds.com/fund/aspect-ventures) Lead [Felicis](https://millionrounds.com/fund/felicis-ventures) [Susa Ventures](https://millionrounds.com/fund/susa-ventures) [Chicago Ventures](https://millionrounds.com/fund/chicago-ventures) [Hone Capital](https://millionrounds.com/fund/hone-capital-2) InVision founder Clark Valberg the Slack Fund Reported by TechCrunch
- **Sept 2016** Round **$7.0M** *1 new* [Felicis](https://millionrounds.com/fund/felicis-ventures) Reported by TechCrunch SEC filing: $7.0M sold, first sale Sept 2016

## Founders and team

From the SEC filings it signed: 1 on the team.

- **Dan Reich** Executive Officer, Director i

On the board, as filed i *Chris Fralic* *Joseph Britton*

## 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** 2016 **Series B** 2019 **Series A** 2020 [Felicis](https://millionrounds.com/fund/felicis-ventures) [Aspect Ventures](https://millionrounds.com/fund/aspect-ventures) L [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) [Susa Ventures](https://millionrounds.com/fund/susa-ventures) [Chicago Ventures](https://millionrounds.com/fund/chicago-ventures) [Hone Capital](https://millionrounds.com/fund/hone-capital-2) InVision founder Clark Valberg the Slack Fund

## Everyone who backed them

[Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **2** rounds

[Aspect Ventures](https://millionrounds.com/fund/aspect-ventures) VC firm **1** round, led 1

[Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) Private equity **1** round

[Susa Ventures](https://millionrounds.com/fund/susa-ventures) VC firm **1** round

[Chicago Ventures](https://millionrounds.com/fund/chicago-ventures) VC firm **1** round

[Hone Capital](https://millionrounds.com/fund/hone-capital-2) Private equity **1** round

InVision founder Clark Valberg no record of our own yet **1** round

the Slack Fund 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=troops).

## Also claim to have backed them

This firm lists Troops as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Landis Capital](https://millionrounds.com/fund/landis-capital) VC firm Per its own site

## Quick answers about Troops

### Who invested in Troops?

Troops's investors include Felicis, Aspect Ventures, Idinvest Partners, Susa Ventures and Chicago Ventures, and 3 more on record.

### How much has Troops raised?

Troops has raised $23M across 3 rounds since 2016.

### When did Troops last raise?

Troops's most recent round was a Series A of $4.3M in Sept 2020.

### What was Troops's biggest round?

Troops's largest round on record is $12M (Series B), in Jun 2019, led by Aspect Ventures.

### Who backed Troops first?

Troops's first round on record, in Sept 2016, was backed by Felicis.

### What stage is Troops at?

Troops's latest named round is a Series A, in Sept 2020.

### Where is Troops based?

Troops is based in the United States.

### Who led Troops's rounds?

Aspect Ventures led the Series B in 2019.

## Companies like Troops

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

[**VIVA Finance** $370M · Oct 2026](https://millionrounds.com/company/viva-finance)[**Origin** $121M · Oct 2026](https://millionrounds.com/company/origin)[**Angle Health** $1.2B · Sept 2026](https://millionrounds.com/company/angle-health)[**Thatch** $151M · Sept 2026](https://millionrounds.com/company/thatch)[**Intermezzo** $10M · Sept 2026](https://millionrounds.com/company/intermezzo)[**BrightPlan** $14M · Sept 2026](https://millionrounds.com/company/brightplan)

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