# TWO funding: rounds and investors > TWO has raised $24M across 3 rounds since 2025. Investors include IVC, Sequoia Capital and Alumni Ventures. Every round with its source. Source: https://millionrounds.com/company/two (Millionrounds; every figure on the page links to its filing or article) Japan · [Venture startup](https://millionrounds.com/companies) # 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. B2C E-commerce Fintech Raised 4 months ago Funding summary Updated 26 Oct 2026 **$24M** raised across 3 rounds since 2025, from 3 sources **$5.3M** Venture **$15M** Series A **$3.1M** Venture - **Latest round:** Venture, $3.1M Jul 2026 - **Biggest round:** $15M Series 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 **$5.3M** Venture **$15M** Series A **$3.1M** Venture - **First round:** Venture, $5.3M - **Biggest round:** $15M - **Usual gap between rounds:** 12 months ## The rounds - **Jul 2026** Venture **$3.1M** *1 returning* [IVC](https://millionrounds.com/fund/ivc) Source recorded - **Jul 2025** Series A **$15M** *5 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Antler](https://millionrounds.com/fund/antler) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Alliance VC](https://millionrounds.com/fund/alliance-vc) Source recorded - **Apr 2025** Venture **$5.3M** *1 new* [IVC](https://millionrounds.com/fund/ivc) 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. **Venture** 2025 **Series A** 2025 **Venture** 2026 [IVC](https://millionrounds.com/fund/ivc) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Antler](https://millionrounds.com/fund/antler) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Alliance VC](https://millionrounds.com/fund/alliance-vc) ## Everyone who backed them [IVC](https://millionrounds.com/fund/ivc) VC firm **2** rounds [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Antler](https://millionrounds.com/fund/antler) VC firm **1** round [LocalGlobe](https://millionrounds.com/fund/localglobe) VC firm **1** round [Alliance VC](https://millionrounds.com/fund/alliance-vc) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=two). ## 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 Capital](https://millionrounds.com/fund/shine-capital) VC firm Per its own site [Alliance Venture](https://millionrounds.com/fund/alliance-venture) VC firm Per its own site [Sondo Capital](https://millionrounds.com/fund/sondo-capital) VC firm Per its own site [Idekapital](https://millionrounds.com/fund/idekapital) VC firm Per its own site [Rerail](https://millionrounds.com/fund/rerail) VC firm Per its own site [Nordstar](https://millionrounds.com/fund/nordstar) VC firm Per 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. [**Beer and Tech** $8.8M · Jul 2026](https://millionrounds.com/company/beer-and-tech)[**Bee Informatica** $912K · Jun 2026](https://millionrounds.com/company/bee-informatica)[**Forest** $43M · May 2026](https://millionrounds.com/company/forest)[**Kuradashi** $1.8M · May 2026](https://millionrounds.com/company/kuradashi)[**MeetsMore** Feb 2026](https://millionrounds.com/company/meetsmore)[**Caguuu** $9.6M · Dec 2025](https://millionrounds.com/company/caguuu) ## 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