When was Fragment founded?

Fragment was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Fragment located?

Fragment is headquartered in Seattle, United States.

Who is the current CEO of Fragment?

Thomas Neckel of Fragment. They have also founded 1 company.

How many employees does Fragment have?

As of Sep 30, 2026, the latest employee count at Fragment is 21.

Is Fragment a funded company?

Fragment is a funded company, having raised a total of $23M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 2021.

When was the latest funding round of Fragment?

Fragment's latest funding was a $***** Series A round on Oct 15, 2026, with participation from 2 investors.

Where does Fragment rank among its competitors?

Fragment ranks 273rd amongst 3642 active competitors, of which 391 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of Fragment?

Fragment's top competitors include Ramp, Intuit and Sage. Among them, Fragment secured the most recent funding round in October, 2026.

Fragment - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of an API for building and managing financial ledgers. The API allows users to compose funds flows and embed them into products. It provides tools for managing balances and tracking transactions across systems. The API offers configurable schemas, entry conditions, and aggregated balances. It also supports multi-currency accounts, ledger entry groups, and schema-based SDKs.

Website: fragment.dev
Email ID: *****@fragment.dev

Key Metrics

Founded Year

2021

Location

Seattle, United States

Stage

Series A

Total Funding

$23M in 3 rounds

Latest Funding Round

Series A, Oct 15, 2026, $*****

Investors

Gradient Ventures & 9 more

Ranked

273^rd among 3642 active competitors

Employee Count

21 as on Sep 30, 2026

Similar Companies

Intuit & 3705 more

View Fragment's full profile

Fragment is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FRAGMENT FOUNDRIES INC CIN: 863719739 , United States, Active	Dec 31, 1999	-	5 (As on Dec 31, 2024)	-

Fragment has raised a total funding of $23M over 3 rounds. Its first funding round was on Jun 2021. Its latest funding round was a Series A round on Oct 15, 2026 for $*****. 2 investors participated in its latest round. Fragment has 3 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Fragment:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 15, 2026	6836700	Series A	3375899	4163201	4686822	2100281
Jul 22, 2024	9192652	Seed	3068603	8286259	9644417	9551855
Jun 2021	1591053	Seed	5577944	4035138	Gradient Ventures	6703730

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View details of Fragment's funding rounds and investors

The founders of Fragment is Thomas Neckel. Thomas Neckel is the CEO of Fragment.

Here are the details of Fragment's key team members:

Thomas Neckel: Co-founder and CEO of Fragment.

View details of Fragment's Founder profiles and Board Members

Fragment's employee count trend

Fragment has 21 employees as of Sep 26. Here is Fragment's employee count trend over the years:

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Top competitors of Fragment include Ramp, Intuit and Sage. Here is the list of Top 10 competitors of Fragment, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 73 others	84/100
2nd	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, Hillsven & 25 others	83/100
3rd	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	Angel List, 91Springboard & 48 others	78/100
4th	TrueLayer 2016, London (United Kingdom), Series E	Provider of open banking infrastructure for digital payments and verification	$322M	Northzone, Temasek & 27 others	78/100
5th	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Star Ventures, Prospect Capital & 3 others	77/100
6th	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	DST Global, Sequoia Capital & 9 others	77/100
7th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	76/100
8th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Matrix, Hurlingham Partners & 9 others	75/100
9th	Moniepoint 2019, London (United Kingdom), Series C	Provider of integrated financial services for business and individual users	$266M	Novastar Ventures, Quantum Capital Partners ... & 22 others	75/100
10th	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 64 others	74/100
273rd	Fragment 2021, Seattle (United States), Series A	Developer of an API for building and managing financial ledgers	$23M	Gradient Ventures, BoxGroup & 8 others	45/100