Arena (then LMArena): Series A funding
$150 million Series A at a $1.7 billion post-money valuation, led by Felicis and UC Investments (the University of California's fund), with participation from Andreessen Horowitz, The House Fund, LDVP, Kleiner Perkins, Lightspeed Venture Partners and Laude Ventures. TechCrunch adds that the company raised $250 million in about seven months, counting a $100 million seed round in May 2025 at $600 million., valued at $1.7 billion post-money valuation
Dated 6 Jan 2026Source checked 6 Jan 2026Quote found on its page again 4 Nov 2026Basis: reported
In the source's own words
“announced on Tuesday that it raised a $150 million Series A at a post-money valuation of $1.7 billion. The round was led by Felicis and the university’s fund, UC Investments.”
Where it was read
TechCrunch, checked 6 Jan 2026
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