# VelaFi funding: rounds and investors

> VelaFi has raised $20M across 1 round since 2026. Investors include XVC, Ikuyo and Drive Capital. Every round with its source.

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

[Series B startup](https://millionrounds.com/companies)

# Who invested in *VelaFi*

One round we have observed, with the 8 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction Fintech

Raised 10 months ago

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Funding summary Updated 7 Nov 2026

**$20M** raised across 1 round since 2026, from 3 sources

- **Latest round:** Series B, $20M Jan 2026
- **Led by:** XVC and Ikuyo
- **Investors:** 8 (2 led)

See who backed them

## The rounds

- **Jan 2026** Series B **$20M** [XVC](https://millionrounds.com/fund/xvc) Lead [Ikuyo](https://millionrounds.com/fund/ikuyo) Lead [Drive Capital](https://millionrounds.com/fund/drive-capital) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Alibaba Group](https://millionrounds.com/fund/alibaba-group) [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) [BAI capital](https://millionrounds.com/fund/bai-capital) [Planetree](https://millionrounds.com/fund/planetree) Reported by LatamList and 2 others

## Everyone who backed them

[XVC](https://millionrounds.com/fund/xvc) VC firm **1** round, led 1

[Ikuyo](https://millionrounds.com/fund/ikuyo) Growth equity **1** round, led 1

[Drive Capital](https://millionrounds.com/fund/drive-capital) VC firm **1** round

[Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **1** round

[Alibaba Group](https://millionrounds.com/fund/alibaba-group) Corporate VC **1** round

[Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) VC firm **1** round

[BAI capital](https://millionrounds.com/fund/bai-capital) VC firm **1** round

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

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

## Quick answers about VelaFi

### Who invested in VelaFi?

VelaFi's investors include XVC, Ikuyo, Drive Capital, Dragonfly Capital Partners and Alibaba Group, and 3 more on record. XVC led its latest round.

### How much has VelaFi raised?

VelaFi has raised $20M across 1 round since 2026.

### When did VelaFi last raise?

VelaFi's most recent round was a Series B of $20M in Jan 2026, led by XVC.

### What was VelaFi's biggest round?

Its most recent round, $20M in Jan 2026, is also its largest on record.

### Who backed VelaFi first?

VelaFi's first round on record, in Jan 2026, was backed by XVC, Ikuyo and Drive Capital and 5 others.

### What stage is VelaFi at?

VelaFi's latest named round is a Series B, in Jan 2026.

### Who led VelaFi's rounds?

XVC led the Series B in 2026.

## Companies like VelaFi

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

[**Paidax** $1.0M · Oct 2026](https://millionrounds.com/company/paidax)[**Matters** $5.0M · Oct 2026](https://millionrounds.com/company/matters)[**Africa50** $50M · Aug 2026](https://millionrounds.com/company/africa50)[**Pilot Protocol** $4.5M · Jul 2026](https://millionrounds.com/company/pilot-protocol)[**Ralo** $2.9M · Jun 2026](https://millionrounds.com/company/ralo)[**Reactor** $59M · May 2026](https://millionrounds.com/company/reactor)

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