Gradient Boosted Investments announced that it has raised $35 million in a round of funding co-led by new investors Ten Coves Capital, LP and Spark Capital Partners, LLC on January 12, 2022. The transaction included participation from returning investor Portage Ventures L.P., Royal Bank of Canada and HarbourVest Partners, LLC. As part of the transaction Dan Kittredge from Ten Coves Capital, LP and Santo Politi from Spark Capital Partners, LLC had joined the company's board.

The company has raised $46 million in funding till date.