Warp reportedly signed $60 million Series B term sheet six days after first offer

Sharma said Warp was 10 months past its $18 million Series A and still had most of that money in the bank. He contacted existing backers, then spoke with a small group of investors he'd liked during the Series A process. Several growth funds made verbal offers, he wrote. In his timeline, the proposed round reached $60 million on day five; Warp chose Battery Ventures, and the term sheet was signed at 10:30 p.m. on day six. Sharma describes the round as closed in six days, but his detailed timeline ends with the signing of a term sheet.

Sharma named Battery's Michael Brown and Jack Mattei, calling them among the most thoughtful people he'd met in venture capital. He wrote that Brown was joining Warp's board and argued that a preemptive round on reasonable terms was the most efficient way to raise.

Sharma describes Warp's goal as using AI agents to automate work across payroll, compliance, benefits, HR and IT. A June 26, 2026, video description from YC Root Access had already described the $60 million Series B as recently announced. It said Warp served more than 1,000 customers and processed over $600 million in payroll annually at the time.