United States · 
Who invested in Tonal?
Tonal's investors include L Catterton, Mayfield Fund, Sapphire Ventures, Shasta Ventures and Kindred Ventures, and 2 more on record.
20192020202120222023
$45MSeries C$130MVenture
United States · Venture startup
Who invested in Tonal
Funding summaryUpdated 26 Oct 2026
$175Mraised across 2 rounds since 2019, from 2 sources
$45MSeries C$130MVenture
- Latest round
- Venture, $130MApr 2023
- Step-upi
- 2.9×
- Investors
- 7 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series C, $45M Apr 2019
- Biggest round
- $130M Venture · Apr 2023
- Between rounds
- 4 years from the last two
The rounds
- Apr 2023Venture$130M1 new3 returning
Source recorded
- Apr 2019Series C$45M6 new
L CattertonLead
Mayfield Fund
Shasta Ventures
Sapphire Ventures
Evolution Media- Serena William
Reported by FinSMEs
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 C2019Venture2023L CattertonLMayfield FundSapphire VenturesShasta Ventures
Kindred VenturesEvolution MediaSerena William
L CattertonLMayfield FundSapphire VenturesShasta VenturesKindred VenturesEvolution MediaSerena WilliamEveryone who backed them
Serena Williamno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 10 firms list Tonal 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.
Quick answers about Tonal
How much has Tonal raised?
Tonal has raised $175M across 2 rounds since 2019.
When did Tonal last raise?
Tonal's most recent round was a Venture of $130M in Apr 2023.
What was Tonal's biggest round?
Its most recent round, $130M in Apr 2023, is also its largest on record.
Who backed Tonal first?
Tonal's first round on record, in Apr 2019, was backed by L Catterton, Mayfield Fund and Shasta Ventures and 3 others.
What stage is Tonal at?
Tonal's latest named round is a Venture, in Apr 2023.
Where is Tonal based?
Tonal is based in the United States.
Who led Tonal's rounds?
L Catterton led the Series C in 2019.
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