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The AlleyWatch Startup Daily Funding Report: 3/25/2026

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/25/2026 featuring funding details for Adonis, Spade, and much more. This page will be updated throughout the day to reflect any new fundings.

Adonis Raises $40M as Health Systems Combat Rising Denial Rates with AI Orchestration

Adonis – $40M Series C

HEALTHTECH

Adonis, an AI orchestration platform for healthcare revenue cycle management that automates denial prevention, claim resolution, and revenue recovery for hospitals, health systems, and physician groups, has raised $40M in Series C funding led by Quadrille Capital. Founded by Akash Magoon and Aman Magoon in 2022, Adonis has now raised a total of $95M in reported equity funding.

AlleyWatch broke the news in an exclusive covering the round and much more. Adonis Raises $40M as Health Systems Combat Rising Denial Rates with AI Orchestration

Spade – $40M Series B

FINTECH

Spade, a data and AI platform that enriches financial transaction data in real time, turning raw transaction strings into structured, verified merchant intelligence for banks and fintechs, has raised $40M in Series B funding led by Oak HC/FT. Founded by Oban MacTavish, Tess Bloch, and Cooper Hart in 2021, Spade has now raised a total of $61M in reported equity funding.

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Trayd Raises $10M to Solve The Construction Industry's $260B Payroll Complexity Problem

Trayd – $10M Series A

CONSTRUCTION TECH

Trayd, an all-in-one back office platform for specialty contractors that automates payroll, HR, scheduling, compliance, and labor cost tracking, has raised $10M in Series A funding led by White Star Capital. Founded by Anna Berger and Cara Kessler in 2021, Trayd has now raised a total of $15M in reported equity funding.

AlleyWatch broke the news in an exclusive covering the round and much more. Trayd Raises $10M to Solve The Construction Industry’s $260B Payroll Complexity Problem

Moda – $7.5M Seed

AI

Moda, an AI design platform that gives professionals a brand-aligned design agent for creating presentations, social posts, reports, and other visual assets, has raised $7.5M in Seed funding led by General Catalyst. Moda was founded by Anvisha Pai, Ravi Parikh, and John Holliman in 2025.


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Airbase – $5M Seed

GOVTECH

Airbase, a software platform that modernizes radio-frequency spectrum coordination for government, military, and commercial applications, has raised $5M in Seed funding led by Andreessen Horowitz. Airbase was founded by Ari Rosner and Millen Anand in 2025.

Tags: AdonisAirbaseAkash MagoonAman MagoonAndreessen HorowitzAnna BergerAnvisha PaiAri RosnerCara KesslerCooper HartGeneral CatalystJohn HollimanMillen AnandModaOak HC/FTOban MacTavishQuadrille CapitalRavi ParikhSpadeTess BlochTraydWhite Star Capital
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Trayd Raises $10M to Solve The Construction Industry’s $260B Payroll Complexity Problem

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Trayd Raises $10M to Solve The Construction Industry’s $260B Payroll Complexity Problem

Trayd Raises $10M to Solve The Construction Industry’s $260B Payroll Complexity Problem

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