Metal

Global infrastructure for tokenized financial products

cryptoRWA and tokenizationY Combinatora16z speedrunPioneer Fund

Latest funding

$125M Series B+ · February 19, 2026

Source: fundraisingfox.com

Latest round on record: Seed, June 2026, amount undisclosed.

Total raised: $125.5M* across 2 sourced rounds

All 4 rounds ↓

Website: metal.so.

X: @metalntwx · 2,794 followers.

LinkedIn: linkedin.com.

Category: RWA and tokenization.

Sectors: RWA.

Subcategory: tokenized financial products.

Stage: Series B+.

Based in: Los Angeles, United States.

Founded: 2023.

Total raised: $125.5M* in 2 sourced rounds.

Last round: Jun 20, 2026 · 145 days ago.

Team: 21 people on the team page.

On Recent Funding since: Sep 22, 2026.

Signals

X account@metalntwx · created Jun 25, 2026 (5 months old) · 2,794 followers

Website registeredMay 24, 2023 (3 years old)

TIMELINE · MONEY RAISED

Metal | 266 days on the record

@metalntwx·Raised $125M in 1 sourced round

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

June 25, 2026
X account created
June 20, 2026
Seed · amount undisclosed
Aa16z speedrun (lead), YY Combinator (lead), GGaingels, IIndus Valley Capital, PPhaze Ventures, PPioneer Fund, RRebel Fund, TTeam Ignite Ventures
February 19, 2026
Series B+ · $125M
Source: fundraisingfox.com
May 24, 2023
Website created
Date unknown
Round · $500K*
YY Combinator
Source: ycombinator.com
SR005
Aa16z speedrun · batch
Source: speedrun.a16z.com

Founders and team

UG
Usman Gul Founder/CEO

@usmangul · LinkedIn · source: speedrun.a16z.com

Investors

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Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/metal (get a free API key).