Metal, an AI-native operating system built for private capital markets, said it has closed a $4.5 million seed round. The round was led by Andreessen Horowitz (a16z), Speedrun, and Y Combinator, with participation from Pioneer Fund, Rebel Fund, Gaingels, Indus Valley Capital, Team Ignite VC, Goodwater Capital, and Phaze Ventures, among others. According to the announcement, the new funding will be used to speed up development of software that founders can adopt during fundraising and continue using throughout the capital formation process. Alongside the financing news, Metal also released a paper focused on where private capital markets are heading. The company framed both moves as part of its push to build tools tailored to how founders raise and manage capital over time.
Metal, an AI-native operating system for private capital markets, said it has raised $4.5 million in seed funding.
The round was led by Andreessen Horowitz (a16z), Speedrun, and Y Combinator. Participating investors included Pioneer Fund, Rebel Fund, Gaingels, Indus Valley Capital, Team Ignite VC, Goodwater Capital, and Phaze Ventures, among others.
The company said the new capital will help accelerate the buildout of software designed for founders to use while fundraising and to keep using throughout the broader capital formation process.
Metal also released a paper on the direction of private capital markets.
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