Onto Ltd announced that it has received $175 million in series B round of funding on July 27, 2021. The company issued common stock and debt in the transaction. The equity round was led by new investor Alfvén & Didrikson Invest AB includeing participation from returning investors Legal & General Group Plc, Campden Hill Capital Ltd, JamJar Investments LLP, other new investors Total Carbon Neutrality Ventures, Vlerick Group, Achmea Innovation Fund and the family office of Jim ONeill. The debt round is led by Pollen Street Capital Limited. The company has raised $245 million in funding till date.