# Trust & Will funding: rounds and investors

> Trust & Will has raised $38M across 4 rounds since 2019. Investors include Techstars, Moderne Ventures and Link Ventures. Every round with its source.

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

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

# Who invested in *Trust & Will*

4 rounds we have observed, with the 13 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.

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Funding summary Updated 5 Nov 2026

**$38M** raised across 4 rounds since 2019, from 4 sources

**$2.0M** Seed **$6.0M** Series A **$25M** Series C **$4.5M** Series C

- **Latest round:** Series C, $4.5M Apr 2025
- **Biggest round:** $25M Series C · Mar 2025
- **Investors:** 13 (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 2024 2025

**$2.0M** Seed

**$6.0M** Series A

**$25M** Series C

**$4.5M** Series C

- **First round:** Seed, $2.0M
- **Biggest round:** $25M
- **Usual gap between rounds:** 5.3 years

## The rounds

- **Apr 2025** Series C **$4.5M** *3 new* *4 returning* [Techstars](https://millionrounds.com/fund/techstars) [Hack VC](https://millionrounds.com/fund/hack-vc) [UBS](https://millionrounds.com/fund/ubs) [Link Ventures](https://millionrounds.com/fund/link-ventures) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [Halogen Ventures](https://millionrounds.com/fund/halogen-ventures) [Curql](https://millionrounds.com/fund/curql) Source recorded
- **Mar 2025** Series C **$25M** *4 new* [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) Lead [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) [Erie Insurance Group](https://millionrounds.com/fund/erie-strategic-ventures) [UBS Next](https://millionrounds.com/fund/ubs-next) Reported by TechStartups
- **Dec 2019** Series A **$6.0M** *4 new* *1 returning* [Techstars](https://millionrounds.com/fund/techstars) [Western Technology Investment](https://millionrounds.com/fund/wti) [Link Ventures](https://millionrounds.com/fund/link-ventures) [Halogen Ventures](https://millionrounds.com/fund/halogen-ventures) [Luma Launch](https://millionrounds.com/fund/luma-launch) Reported by FinSMEs
- **Jan 2019** Seed **$2.0M** *2 new* [Techstars](https://millionrounds.com/fund/techstars) [Revolution's Rise of the Rest](https://millionrounds.com/fund/revolution-s-rise-of-the-rest) Reported by TechCrunch

## Funding filed with regulators

Trust & Will filed one raise, $226K in all. Filings say how much was sold and to how many investors; they never name the investors.

- May 2019 **$226K** other of $1.1M offered Crowdfunding

## 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.

**Seed** 2019 **Series A** 2019 **Series C** 2025 **Series C** 2025 [Techstars](https://millionrounds.com/fund/techstars) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) L [Link Ventures](https://millionrounds.com/fund/link-ventures) [Halogen Ventures](https://millionrounds.com/fund/halogen-ventures) [Western Technology Investment](https://millionrounds.com/fund/wti) [Hack VC](https://millionrounds.com/fund/hack-vc) [UBS](https://millionrounds.com/fund/ubs) [Curql](https://millionrounds.com/fund/curql) [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) [Luma Launch](https://millionrounds.com/fund/luma-launch)

## Everyone who backed them

[Techstars](https://millionrounds.com/fund/techstars) VC firm **3** rounds

[Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) VC firm **2** rounds, led 1

[Link Ventures](https://millionrounds.com/fund/link-ventures) VC firm **2** rounds

[Halogen Ventures](https://millionrounds.com/fund/halogen-ventures) VC firm **2** rounds

[Western Technology Investment](https://millionrounds.com/fund/wti) VC firm **1** round

[Hack VC](https://millionrounds.com/fund/hack-vc) VC firm **1** round

[UBS](https://millionrounds.com/fund/ubs) Wealth manager **1** round

[Curql](https://millionrounds.com/fund/curql) VC firm **1** round

[Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) Private equity **1** round

[Luma Launch](https://millionrounds.com/fund/luma-launch) Accelerator **1** round

[Revolution's Rise of the Rest](https://millionrounds.com/fund/revolution-s-rise-of-the-rest) VC firm **1** round

[Erie Insurance Group](https://millionrounds.com/fund/erie-strategic-ventures) Corporate VC **1** round

[UBS Next](https://millionrounds.com/fund/ubs-next) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=trust-and-will).

## Also claim to have backed them

These 6 firms list Trust & Will 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.

[American Express Ventures](https://millionrounds.com/fund/american-express-ventures) VC firm Per its own site

[Jackson Square Ventures](https://millionrounds.com/fund/jackson-square-ventures) VC firm Per its own site

[Rosecliff Ventures](https://millionrounds.com/fund/rosecliff) VC firm Per its own site

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

[Forecast Labs](https://millionrounds.com/fund/forecast-labs) Corporate VC Per its own site

[Rising Tide Partners](https://millionrounds.com/fund/rising-tide-partners) VC firm Per its own site

## Quick answers about Trust & Will

### Who invested in Trust & Will?

Trust & Will's investors include Techstars, Moderne Ventures, Link Ventures, Halogen Ventures and Western Technology Investment, and 8 more on record.

### How much has Trust & Will raised?

Trust & Will has raised $38M across 4 rounds since 2019.

### When did Trust & Will last raise?

Trust & Will's most recent round was a Series C of $4.5M in Apr 2025.

### What was Trust & Will's biggest round?

Trust & Will's largest round on record is $25M (Series C), in Mar 2025, led by Moderne Ventures.

### Who backed Trust & Will first?

Trust & Will's first round on record, in Jan 2019, was backed by Techstars and Revolution's Rise of the Rest.

### What stage is Trust & Will at?

Trust & Will's latest named round is a Series C, in Apr 2025.

### Where is Trust & Will based?

Trust & Will is based in the United States.

### Who led Trust & Will's rounds?

Moderne Ventures led the Series C in 2025.

## Companies like Trust & Will

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

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