The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/26/2025 featuring funding details for Hook, Silna Health, and much more. This page will be updated throughout the day to reflect any new fundings.
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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.
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.
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.
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