Found Revenue, Valuation, Funding & Investors

Found is valued at $400M as of June 2024, a 9.3x multiple on its last reported $43M revenue.

See full Found profile

Last Found valuation

$400M

Series C · Jun 2024

Last Found funding round

$46M

Series C · Jun 2024

Found revenue

$43M

Series C · Jun 2024

Key investors in Found

  • Sequoia Capital
  • Lightspeed Venture Partners
  • Founders Fund
  • Khosla Ventures
  • Mischief
  • Lauren Farleigh

Found Overview

About Found

Found is a San Francisco-based digital banking platform for U.S. self-employed individuals, featuring automated expense tracking and tax savings accounts. Launched in 2020, it processes millions in transactions monthly and integrates with QuickBooks and Stripe.


Founded

2019

HQ

United StatesSan Francisco, CA

Website

found.com

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Revenue

$43M (Jun 2024)

Valuation

$400M (Jun 2024)

Found Valuation

Found is currently valued at $400M, based on its Series C in June 2024.

The $46M round was led by Sequoia Capital, with participation from Khosla Ventures, Lightspeed Venture Partners and Founders Fund.

Found valuation by funding round

Found valuation by funding round
DateStageValuationRevenue Multiple
Jun 2024Series C$400M9.3x

Found Revenue

Found's latest recorded revenue is $43M, as of its Series C in June 2024. At a $400M valuation, that implies a 9.3x revenue multiple.

Found revenue by funding round

Found revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2024$43M$400M9.3xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Found Funding History

Found has raised a total of $121M across 6 funding rounds.

Found's first fundraising round was a $500K pre-seed round in June 2019. The most recent completed round was a $46M Series C in June 2024.

Found funding rounds

Found funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Series CSequoia Capital (lead); Khosla Ventures; Lightspeed Venture Partners; Founders Fund$46M$400MFound is a financial software platform designed for self-employed workers and small business owners. The company provides banking, accounting, tax planning, and payroll solutions tailored specifically for the gig economy and independent contractor market. Found addresses a substantial market opportunity, with the global gig economy expected to transact $455 billion in 2024, and research showing 84% of millennial-operated small businesses are already using or considering alternatives to traditional banking. In July 2024, Found raised a $50 million Series C round led by Sequoia Capital, bringing the company's post-money valuation to over $400 million. This round was smaller than its previous $60 million Series B in February 2022, which was led by Founders Fund. The company has raised $121.2 million total across six funding rounds, with other notable investors including Lightspeed Venture Partners and Khosla Ventures. Found demonstrated significant traction prior to the Series B, achieving 20x customer growth in the year leading up to that round. By May 2025, the platform supported over 500,000 business owners, and the company had grown from 40 employees in 2022 to over 100 by 2024. An unverified estimate indicated Found's 2024 revenue was $42.7 million. The company has expanded its partnerships throughout 2024 with companies including Revenued, Care.com, and Marqueta, and CEO Jared Myrick was recognized as one of eight new CEOs on Forbes' ninth annual FinTech 50 list.
Feb 2022Series BFounders Fund (lead); Sequoia Capital; Lightspeed Venture Partners; Mischief$60M-Found is a fintech startup providing full-stack financial services for self-employed workers, including business banking, bookkeeping, taxes, and tools tailored for about 60 million Americans in this group, predicted to become the majority of U.S. workers by 2027. The company helps self-employed individuals avoid high costs for accountants, bookkeepers, and lawyers by offering integrated solutions via its Mastercard debit card issued by Lead Bank. On February 23, 2022, Found raised $60 million in Series B equity financing led by Founders Fund, with participation from new investor Lightspeed Venture Partners and existing investor Sequoia Capital. Keith Rabois from Founders Fund joined the board alongside Sequoia’s Alfred Lin. At the time, Found had grown its team to 40 people, adding key executives like COO Nick Adler from The Athletic, Head of Engineering Aabhas Sharma from Uber, and Head of Growth Abbie Hale from Pinterest. The funding was intended to invest in new tools for self-employed businesses, partner with platforms serving large self-employed user bases for distribution, and expand the team across functions.
May 2021Series ASequoia Capital (lead)$13M-Found, a self-employment online banking platform, raised $12.8 million in a Series A funding round from Sequoia Capital and undisclosed angel investors. The California-based company offers banking, bookkeeping, and taxation services for self-employed people with no account fees, minimum balance requirements, or maintenance fees. Found plans to use the funding to expand beyond online banking. The global accounting software market, relevant to Found's services, is projected to grow at a CAGR of 8.5% and reach $19.59 billion by 2026, driven by increasing adoption of online banking, cloud-based accounting, and tax compliance software among small businesses and entrepreneurs.
Oct 2020SeedLauren Farleigh$1M--
Mar 2020Seed-$800K--
Jun 2019Pre-seed-$500K--

Who has invested in Found?

6 investors have backed Found across its funding rounds, including Sequoia Capital, Lightspeed Venture Partners, Founders Fund, Khosla Ventures, Mischief and Lauren Farleigh.

Lead investors include Sequoia Capital and Founders Fund.


Found Investors

Investors in Found by funding rounds participated
InvestorHQRoundsRoleFirst check
Sequoia CapitalUnited StatesSan Francisco, CA3LeadMay 2021
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2ParticipantFeb 2022
Founders FundUnited StatesSan Francisco, CA2LeadFeb 2022
Lauren FarleighUnited StatesSan Francisco, CA1ParticipantOct 2020

This data is available for Pro users. Sign up to see all 6 Found investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Found Competitors

Found competitors include listed companies like Miroku Jyoho Service and Baiwang Cloud, and private ones like Sleek, Lentra, Multiplier and Xepelin.

Public and private companies comparable to Found
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SleekSingaporeSingaporePrivate--$150M-
LentraIndiaPunePrivate$16M-$400M25.0x
MultiplierUnited StatesNew York City, NYPrivate--$400M-
XepelinChileSantiagoPrivate$100M-$400M4.0x
Miroku Jyoho ServiceJapanJapanPublicly listed$315M$58M$396M1.1x
Baiwang CloudChinaChinaPublicly listed$109M$433K$337M2.7x

Found Public Comps

Found is still privately-owned, but its public comps include Miroku Jyoho Service, K-Bro Linen, Nordtech Group, Baiwang Cloud, Mestek, Coor Service Management, Andrews Sykes Group, BLS E- Services, Avant Group and Teamshares.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
K-Bro Linen$363M$65M1.6x1.5x9.2x7.8x
Nordtech Group$72M$15M5.1x-25.2x-
Baiwang Cloud$109M$433K2.6x2.7x648.3x-
Mestek$329M$29M1.5x-16.8x-
Coor Service Management$1.3B$82M0.6x0.6x8.8x7.9x
Andrews Sykes Group$103M$44M2.8x-6.6x-
BLS E- Services$117M$9M2.3x-29.7x-

This data is available for Pro users. Sign up to see all Found competitors and their valuation data.

Start Free Trial

Common questions about Found

When was Found founded?Found was founded in 2019.
Where is Found headquartered?Found is headquartered in San Francisco, CA, United States.
Is Found publicly listed?No, Found is a private, VC-backed company.
What is Found's valuation?Found was last valued at $400M in its Series C in June 2024.
How much funding has Found raised?Found has raised $121M across 6 funding rounds.
What was Found's last funding round?Found's last funding round was a $46M Series C in June 2024, led by Sequoia Capital.
Who are Found's investors?Found's investors include Sequoia Capital, Lightspeed Venture Partners, Founders Fund, Lauren Farleigh, Khosla Ventures and Mischief.
What is Found's revenue?Found's latest recorded revenue is $43M (June 2024).
What is Found's revenue multiple?Found's latest valuation implies a 9.3x revenue multiple ($400M valuation on $43M of revenue).
Which companies are comparable to Found?Companies comparable to Found include Sleek, Lentra, Multiplier, Xepelin, Miroku Jyoho Service and Baiwang Cloud.

See companies similar to Found

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial