# Watchful funding: rounds and investors

> Watchful has raised $6.2M across 3 rounds since 2021. Investors include Icehouse Ventures, Blackbird Ventures and Foundation Capital.

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

New Zealand · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Watchful*

3 rounds we have observed, with the 7 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

Funding summary Updated 26 Oct 2026

**$6.2M** raised across 3 rounds since 2021, from 3 sources

**$2.7M** Seed **$3.5M** Seed

- **Latest round:** Seed, $3.5M Sept 2025
- **Step-up i:** 1.3×
- **Investors:** 7

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.

2022 2023 2024 2025

**?** Venture

**$2.7M** Seed

**$3.5M** Seed

- **First round:** Venture
- **Biggest round:** $3.5M
- **Usual gap between rounds:** 3.3 years

## The rounds

- **Sept 2025** Seed **$3.5M** *2 returning* [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) Source recorded
- **Dec 2024** Seed **$2.7M** *2 new* [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) Source recorded
- **Sept 2021** Venture **Amount undisclosed** *5 new* [Foundation Capital](https://millionrounds.com/fund/foundation-capital) [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Zero Prime Ventures](https://millionrounds.com/fund/zero-prime-ventures) [Recursive Ventures](https://millionrounds.com/fund/recursive-ventures) Source recorded SEC filing: $5.0M sold, first sale Sept 2021

## 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** 2021 **Seed** 2024 **Seed** 2025 [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) [Foundation Capital](https://millionrounds.com/fund/foundation-capital) [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Zero Prime Ventures](https://millionrounds.com/fund/zero-prime-ventures) [Recursive Ventures](https://millionrounds.com/fund/recursive-ventures)

## Everyone who backed them

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

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

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

[ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) VC firm **1** round

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

[Zero Prime Ventures](https://millionrounds.com/fund/zero-prime-ventures) VC firm **1** round

[Recursive Ventures](https://millionrounds.com/fund/recursive-ventures) VC firm **1** round

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

## Quick answers about Watchful

### Who invested in Watchful?

Watchful's investors include Icehouse Ventures, Blackbird Ventures, Foundation Capital, ff Venture Capital and Quiet Capital, and 2 more on record.

### How much has Watchful raised?

Watchful has raised $6.2M across 3 rounds since 2021. One round did not disclose an amount, so the total is a floor.

### When did Watchful last raise?

Watchful's most recent round was a Seed of $3.5M in Sept 2025.

### What was Watchful's biggest round?

Its most recent round, $3.5M in Sept 2025, is also its largest on record.

### Who backed Watchful first?

Watchful's first round on record, in Sept 2021, was backed by Foundation Capital, ff Venture Capital and Quiet Capital and 2 others.

### What stage is Watchful at?

Watchful's latest named round is a Seed, in Sept 2025.

### Where is Watchful based?

Watchful is based in New Zealand.

## Companies like Watchful

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

[**Hyades** $634K · Jul 2026](https://millionrounds.com/company/hyades)[**DataMasque** $5.6M · Jun 2026](https://millionrounds.com/company/datamasque)[**Halter** $689M · Mar 2026](https://millionrounds.com/company/halter)[**Polymath** $1.4M · Mar 2026](https://millionrounds.com/company/polymath)[**Hectre** $10M · Feb 2026](https://millionrounds.com/company/hectre)[**Huckleberry** $1.2M · Oct 2025](https://millionrounds.com/company/huckleberry)

## Find investors like these

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