# Tulip funding: rounds and investors

> Tulip has raised $231M across 6 rounds since 2017. Investors include New Enterprise Associates, Vertex Ventures China and Mitsubishi Electric.

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

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

# Who invested in *Tulip*

6 rounds we have observed, with the 9 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 Industry 4.0 Insurtech Manufacturing

Raised 10 months ago Valuation: $1.3B, Mar 2026

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Funding summary Updated 5 Nov 2026

**$231M** raised across 6 rounds since 2017, from 7 sources

**$120M** Growth

- **Latest round:** Growth, $120M Jan 2026
- **Led by:** Mitsubishi Electric
- **Step-up i:** 121.1×
- **Investors:** 9 (2 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 2019 2021 2023 2025

**$13M** Series A

**$40M** Series B

**$18M** Round

**$40M** Series B

**$991K** Seed

**$120M** Growth

- **First round:** Series A, $13M
- **Biggest round:** $120M
- **Usual gap between rounds:** 18 months

## The rounds

- **Jan 2026** Growth **$120M** *1 new* [Mitsubishi Electric](https://millionrounds.com/fund/mitsubishi-electric) Lead Reported by Ventureburn
- **Oct 2022** Seed **$991K** *2 new* [Bpifrance](https://millionrounds.com/fund/bpifrance) [Wilco](https://millionrounds.com/fund/wilco) Source recorded SEC filing: $100K sold, first sale Apr 2022
- **Sept 2019** Series B **$40M** *2 new* *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) DMG MORI Pitango Venture Capital Reported by TechCrunch
- **Feb 2019** Round **$18M** *1 new* [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) Reported by Forbes
- **Aug 2017** Series B **$40M** *1 new* Kleiner Perkins Caufield Byers/ Jump Reported by FinSMEs
- **Jun 2017** Series A **$13M** *2 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) Lead New Enterprise Associates/ Pitango Reported by FinSMEs and 1 other

## 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 A** 2017 **Series B** 2017 **Round** 2019 **Series B** 2019 **Seed** 2022 **Growth** 2026 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) L [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) [Mitsubishi Electric](https://millionrounds.com/fund/mitsubishi-electric) L [Bpifrance](https://millionrounds.com/fund/bpifrance) [Wilco](https://millionrounds.com/fund/wilco) DMG MORI Kleiner Perkins Caufield Byers/ Jump New Enterprise Associates/ Pitango Pitango Venture Capital

## Everyone who backed them

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds, led 1

[Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) VC firm **2** rounds

[Mitsubishi Electric](https://millionrounds.com/fund/mitsubishi-electric) VC firm **1** round, led 1

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

[Wilco](https://millionrounds.com/fund/wilco) Accelerator **1** round

DMG MORI no record of our own yet **1** round

Kleiner Perkins Caufield Byers/ Jump no record of our own yet **1** round

New Enterprise Associates/ Pitango no record of our own yet **1** round

Pitango Venture Capital 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=tulip).

## Quick answers about Tulip

### Who invested in Tulip?

Tulip's investors include New Enterprise Associates, Vertex Ventures China, Mitsubishi Electric, Bpifrance and Wilco, and 4 more on record. Mitsubishi Electric led its latest round.

### How much has Tulip raised?

Tulip has raised $231M across 6 rounds since 2017.

### When did Tulip last raise?

Tulip's most recent round was a Growth of $120M in Jan 2026, led by Mitsubishi Electric.

### What was Tulip's biggest round?

Its most recent round, $120M in Jan 2026, is also its largest on record.

### Who backed Tulip first?

Tulip's first round on record, in Jun 2017, was backed by New Enterprise Associates and New Enterprise Associates/ Pitango.

### What stage is Tulip at?

Tulip's latest named round is a Growth, in Jan 2026.

### Where is Tulip based?

Tulip is based in the United States.

### Who led Tulip's rounds?

New Enterprise Associates led the Series A in 2017; Mitsubishi Electric led the Growth in 2026.

## Companies like Tulip

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

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)

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