Funding round
Turbine Series B
Turbine, which works in virtual biology platform development in Budapest, raised $25M in a Series B round announced on 24 Feb 2026, led by Interactive Venture Partners. 7 firms took part, 1 of them already investors. It is Turbine's third venture round on record; the one before was a Series A in Nov 2022.
$25M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Turbine did not disclose a valuation in this round. It came 39 months after Turbine's Series A. It is 51% of the $49M Turbine has raised in the venture rounds on record. No later venture round is on record for Turbine.
Investors
Who put money in
Interactive Venture Partners led the round with 6 other firms. Accel had backed Turbine before.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- Beiersdorf Venture Capital new investor
- MSD Global Health Innovation new investor
- Mercia Ventures new investor
- Accel backs 581 venture-backed companies existing investor
- XTX Ventures new investor
- backs 56 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
541 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $38M, and this round was 66% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| World Labs Tech Companies | 18 Feb 2026 | $1.00B | $5.00B | Autodesk |
| Tech Companies | 10 Feb 2026 | $120M | $700M | Accel |
| Tech Companies | 23 Feb 2026 | $100M | $1.30B | Battery Ventures and J2 Ventures |
| Tech Companies | 24 Feb 2026 | $100M | $1.15B | Accel |
| Tech Companies | 17 Feb 2026 | $80M | $800M | ICONIQ |
| Tech Companies | 23 Feb 2026 | $80M | not disclosed | Insight Partners |
| Tech Companies | 4 Feb 2026 | $70M | not disclosed | Two Sigma Ventures |
| Tech Companies | 2 Feb 2026 | $60M | not disclosed | Battery Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Turbine raise in its Series B round?
Turbine raised $25M in its Series B round, announced in Feb 2026.
Who led Turbine's Series B round?
Interactive Venture Partners led it, with Beiersdorf Venture Capital, MSD Global Health Innovation, Mercia Ventures, Accel and XTX Ventures and 1 more.
What was Turbine's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
541 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $38M, and this round was 66% of the median.