Japan · Venture startup

Who invested in TWO

3 rounds we have observed, with the 6 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.

B2CE-commerceFintech

Raised 4 months ago

Funding summaryUpdated 26 Oct 2026

$24Mraised across 3 rounds since 2025, from 3 sources

$5.3MVenture$15MSeries A$3.1MVenture
Latest round
Venture, $3.1MJul 2026
Biggest round
$15MSeries A · Jul 2025
Investors
6
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.

2026
$5.3MVenture$15MSeries A$3.1MVenture
First round
Venture, $5.3M
Apr 2025
Biggest round
$15M
Series A · Jul 2025
Usual gap between rounds
12 months
the median of 2

The rounds

  1. Jul 2026
    Venture$3.1M1 returning

    Source recorded

  2. Jul 2025
  3. Apr 2025
    Venture$5.3M1 new

    Source recorded

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

IVCVC firm2rounds
Sequoia CapitalVC firm1round
Alumni VenturesVC firm1round
AntlerVC firm1round
LocalGlobeVC firm1round
Alliance VCVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 6 firms list TWO 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.

Shine CapitalVC firmPer its own site
Alliance VentureVC firmPer its own site
Sondo CapitalVC firmPer its own site
IdekapitalVC firmPer its own site
RerailVC firmPer its own site
NordstarVC firmPer its own site

Quick answers about TWO

Who invested in TWO?

TWO's investors include IVC, Sequoia Capital, Alumni Ventures, Antler and LocalGlobe, and 1 more on record.

How much has TWO raised?

TWO has raised $24M across 3 rounds since 2025.

When did TWO last raise?

TWO's most recent round was a Venture of $3.1M in Jul 2026.

What was TWO's biggest round?

TWO's largest round on record is $15M (Series A), in Jul 2025.

Who backed TWO first?

TWO's first round on record, in Apr 2025, was backed by IVC.

What stage is TWO at?

TWO's latest named round is a Venture, in Jul 2026.

Where is TWO based?

TWO is based in Japan.

Companies like TWO

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

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