#NYCtech Week in Review: 3/23/25 – 3/29/25

Underdog Fantasy – $70M Series C

SPORTS GAMING

Underdog Fantasy, the sports gaming operator, has raised $70M in Series C funding led by Spark Capital. Founded by Brandon Stakenborg, Jeremy Levine, and Trevor John in 2020, Underdog Fantasy has now raised a total of $115M in reported equity funding.

Campus – $46M Series B

EDUCATION

Campus, an accredited 2-year online higher education institution providing an alternative to traditional colleges, has raised $46M in Series B funding led by General Catalyst. Founded by Tade Oyerinde in 2016, Campus has now raised a total of $101.6M in reported equity funding.

Inspiren – $35M Series A

HEALTHTECH

Inspiren, an AI-powered ecosystem management platform for senior living facilities, has raised $35M in Series A funding led by Avenir. Founded by Michael Wang, Paul Coyne, and Vincent Cocito in 2016, Inspiren has now raised a total of $42.8M in reported equity funding.

Rain – $24.5M Venture

FINTECH

Rain, a card issuing platform powered by stablecoins, has raised $24.5M in Venture funding led by Norwest Venture Partners. Rain was founded by Farooq Malik and Charles Naut in 2021.

Silna Health – $22M Series A

HEALTHTECH

Silna Health, an AI-powered insurance eligibility verification platform, has raised $22M in Series A funding led by Accel and Bain Capital Ventures. Founded by Jeffrey Morelli, Sagar Jajoo, and Pavel Asparouhov in 2023, Silna Health has now raised a total of $27M in reported equity funding.

Jolly – $16.5M Series A

HR TECH

Jolly, a workforce optimization platform that focuses on incentivizing employees through rewards programs, has raised $16.5M in Series A funding led by Zach Kirkhorn. Jolly was founded by Dean Zimberg in 2022.

Charm Security – $8M Seed

CYBERSECURITY

Charm Security, an AI-powered customer security platform that prevents scams, social engineering, and human-centric frau, has raised $8M in Seed funding led by Team8. Charm Security was founded by Avichai Ben and Roy Zur in 2024. AlleyWatch broke the news in an exclusive covering the round and much more – Charm Security Raises $8M to Transform Fraud Prevention with Psychological Insights and AI

ENTERPRISE TECH

Plural, an enterprise Kubernetes management platform, has raised funding led by Primary Venture Partners. Founded by Michael Guarino and Sam Weaver, Plural has now raised a total of $17.1M in reported equity funding.

Chord – $5.5M Venture

E-COMMERCE

Chord, a customer data platform for commerce brands, has raised $5.5M in Venture funding led by M13. Chord was founded by Bryan Mahoney and Henry Davis in 2021.

Flagship – $5M

RETAIL TECH

Flagship, a data science intelligence platform for retailers, has raised $5M in funding according to a recent SEC filing. The filing indicates that the round comes from five investors. Founded by Alex Jofe and Justin Abrams in 2019, Flagship has now raised a total of $17.9M in reported equity funding.

Voiceops – $5M Seed

AI

Voiceops, a generative AI platform that provides real-time insights from marketing and sales calls, has raised $5M in Seed funding led by Twelve Below and Bonfire Ventures. Voiceops was founded by Ethan Barhydt, Daria Rose Evdokimova, and Nathaniel Becker in 2022.

Silicon Data – $4.7M Seed

DATA

Silicon Data, a data intelligence platform for the compute market, has raised $4.7M in Seed funding led by Jump Trading and DRW. Silicon Data was founded by Carmen Li in 2024.

Arlo – $4M Seed

INSURTECH

Arlo, the AI-powered health insurance underwriter for small businesses, has raised $4M in Seed funding led by Upfront Ventures. Arlo was founded by Karthik Bhaskara and Jan-Felix Schneider in 2022.

Hook – $3M

MUSIC TECH

Hook, an AI-powered music tech platform that allows users to make legalized mixes of songs for social media, has raised $3M in additional funding from investors that include Khosla Ventures, Point72 Ventures, Imaginary Ventures, The Raine Group, Palm Tree Crew, Waverley Capital, and KSHMR. Founded by Gaurav Sharma in 2023, Hook has now raised a total of $6M in reported equity funding.

Terial – $3M

CONSTRUCTION TECH

Terial, a SaaS platform for managing commercial roofing contracting businesses, has raised $3M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.5M and this close comes from four investors. Terial was founded by Matt Billard and Aaron Weinstein in 2023.

Waffle Labs – $500K

INSURTECH

Waffle Labs, a platform to secure customizable insurance for renter, pet, home and auto, and travel policies, has raised $500K in funding according to a recent SEC filing. The filing indicates that the total offering is for $2M and this close comes from a sole investor. Founded by Michael Li, Quentin Coolen, and Sam Barnsley in 2018, Waffle Labs has now raised a total of $5.9M in reported equity funding.