I consent to receive newsletters via email. Terms of use and Privacy policy.

In partnership with

Good Morning! This free edition of The Funding Letter comes to you from our headquarters in New York City.

Heads up: This newsletter is redacted, and the full version was sent to paying members hours ago, with five companies posting sales gigs.

Members receive LinkedIn/Sales Nav links for prospecting, all open sales gig postings, and in depth data points to personalize outreach.

Want to see what you're missing?

🔓 Unlock the full TFL & our Datasets (stay ahead of the competition)
🤖 Ask TFL Analyst AI ("What companies in NYC raised funding last month?")
📉 Get the Bootstrap Report (Hidden profitable companies)

💥Did you hold off on outreach to last month’s funded companies?💥 We resurface all of last month’s funding announcements (January ’26) in our Thursday Monthly Refresh Dataset. Upgrade today to get after them.

Hit the Gong 🎉

Instagram post
Source: @overheard_sales

The headlines that actually moves markets

Tired of missing the trades that actually move markets?

Every weekday, you’ll get a 5-minute Elite Trade Club newsletter covering the top stories, market-moving headlines, and the hottest stocks — delivered before the opening bell.

Whether you’re a casual trader or a serious investor, it’s everything you need to know before making your next move.

Join 200K+ traders who read our 5-minute premarket report to see which stocks are setting up for the day, what news is breaking, and where the smart money’s moving.

By joining, you’ll receive Elite Trade Club emails and select partner insights. See Privacy Policy.

Daily Deals 💸

🌎 Americas

World Labs develops spatial intelligence models that enable machines to perceive, generate, reason, and interact with the three-dimensional world, enabling creators, developers, and enterprises in media, gaming, robotics, and design to build immersive, explorable digital worlds.

New Funding Raised: $1B, Venture - Series Undisclosed

Round Investors: AMD, Emerson Collective, Autodesk, Sea

🚀Growth Focus: Accelerate ‌its efforts to advance spatial intelligence.

HQ: San Francisco, CA

Industry: Research Services

Employee Count: 48

Kavak operates a car trading platform that formalizes the pre-owned cars industry, allowing users to purchase and sell pre-owned vehicles without hassle.

New Funding Raised: $300M, Series F

Round Investors: Andreessen Horowitz (lead), WCM Investment Management (lead), Stelac Advisory Services, Allen & Company

🚀Growth Focus: Accelerate access to car ownership, financing, and marketplace trust across Latin America and other emerging markets.

HQ: Mexico City, Mexico

Industry: Motor Vehicle Manufacturing

Employee Count: 4014

Vestwell provides workplace savings and retirement plan administration services that expand access to employer-sponsored financial programs, enabling employers, advisors, and individuals to manage retirement and education savings programs through a centralized digital infrastructure.

New Funding Raised: $385M, Series E ($2B Valuation)

Round Investors: Blue Owl Capital Corporation (lead), Sixth Street Growth (lead), Morgan Stanley, Silver Lake Waterman

🚀Growth Focus: Expand distribution ​and broaden its access to more complex, professionally managed investment products.

HQ: New York, NY

Industry: Financial Services

Employee Count: 484

Heron Power develops industrial power electronics that modernize electricity infrastructure for a rapidly evolving grid, allowing utilities, data centers, and renewable energy operators with reliable, scalable, and cost-efficient power infrastructure.

New Funding Raised: $140M, Series B

Round Investors: Andreessen Horowitz (lead), Capricorn Investment Group, Breakthrough Energy Ventures, Gigascale Capital

🚀Growth Focus: Build a 40-gigawatt, highly automated U.S. manufacturing facility for Heron Link, its solid-state transformer solution for critical energy and AI data center projects.

HQ: Scotts Valley, CA

Industry: Electric Power Transmission, Control, and Distribution

Employee Count: 69

Novig operates a sports prediction market platform for the U.S., enabling users to trade on sports outcomes through real-time, data-driven forecasting markets.

New Funding Raised: $75M, Series B

Round Investors: Pantera Capital (lead), Edge VC, NFX, Forerunner

🚀Growth Focus: Accelerate product development: more markets, deeper liquidity, and advanced trading tools purpose-built for sports traders.

HQ: New York, NY

Industry: Spectator Sports

Employee Count: 48

Introducing the TFL Sales Stack - our exclusive partner program with elite sales tools to help you prospect faster, and make even more opportunities from The Funding Letter.

We’ve partnered with three elite tech platforms: Wiza, Trellus, and Salesforge, to bring exclusive discounts to our annual members.

  • $150+ in credits & discounts

  • Wiza: [100 free email + 100 free phone credits] The world’s largest and most accurate prospecting platform—trusted by over 55,000 sales, marketing, and recruiting professionals.

  • Trellus: [One Month Free] Real-time AI coaching during cold calls to help sales reps improve their conversations instantly.

  • Salesforge: [One Month Free] An all-in-one sales execution super app to give every sales team the highest probability of hitting their target.

  • ..and many more tools to be added throughout this year!

Using just one of these codes covers the entire cost of the TFL Membership, so you get immediate ROI. And we’re just getting started.

Onshore develops a workforce and business operations platform, allowing companies to access, manage, and scale onshore talent and services efficiently.

New Funding Raised: $31M, Series B

Round Investors: FPV Ventures (lead), ADP Ventures, Restive, Y Combinator

🚀Growth Focus: Support expansion into additional U.S. tax and accounting domains.

HQ: New York, NY

Industry: Software Development

Employee Count: 51

DG Matrix manufactures energy storage and solar systems for electric vehicles, enabling users to get affordable services at a reasonable rate.

New Funding Raised: $60M, Series A

Round Investors: Engine Ventures (lead), Mitsubishi Heavy Industries, MCJ, Cerberus Ventures

🚀Growth Focus: Accelerate its next phase of growth, including scaling manufacturing and supply chain operations for the Interport platform.

HQ: Raleigh, NC

Industry: Electrical Equipment Manufacturing

Employee Count: 56

Efficient Computer develops a computing processor that improves performance and eliminates wasted energy, allowing developers to take advantage of the processor's low power and high performance without compromising programmability.

New Funding Raised: $60M, Series A

Round Investors: Triatomic Capital (lead), Overlap Holdings, RTX, Union Square Ventures

🚀Growth Focus: Advance its platform into embedded high-performance applications and further develop its efficient fabric architecture IP across edge, infrastructure, and emerging AI-driven markets.

HQ: Pittsburgh, PA

Industry: Computer Hardware Manufacturing

Employee Count: 48

Cogent Security operates an AI system that investigates and remediates cybersecurity vulnerabilities, enabling enterprise security teams to manage exposure and maintain system integrity.

New Funding Raised: $42M, Series A

Round Investors: Bain Capital Ventures (lead), Greylock, Definition

🚀Growth Focus: Accelerate product development, expand enterprise deployments, and continue building agentic security systems designed for governed, trustworthy execution at scale.

HQ: San Francisco, CA

Industry: Computer and Network Security

Employee Count: 37

Avantos develops an AI-native operating system that connects client data, teams, and processes across the relationship lifecycle, allowing financial institutions to manage client onboarding, servicing, and ongoing relationship activities within a unified environment.

New Funding Raised: $25M, Series A

Round Investors: Bessemer Venture Partners (lead), Vanguard, SEI, Guardian Life

🚀Growth Focus: Support continued investment in its platform, including expanded AI agents and deeper integrations with custodians, CRMs, portfolio management tools, underwriting systems, and policy administration platforms.

HQ: New York, NY

Industry: Software Development

Employee Count: 35

Venice develops a privileged access management platform, enabling organizations to implement just-in-time, contextual access across cloud and on-prem environments with zero standing privilege.

New Funding Raised: $25M, Series A

Round Investors: IVP (lead), Index Ventures, Holly Ventures, Assaf Rappaport

🚀Growth Focus: Redefine enterprise privileged access management in the AI era.

HQ: Wilmington, DE

Industry: Computer and Network Security

Employee Count: 11

Rainfall Health’s cloud-based digital health platform provides patient-centric benefits management for people covered under government care, allowing users to automatically connect with private and commercial healthcare providers, reducing the logistics and administrative overhead.

New Funding Raised: $15M, Series A

Round Investors: Two Bear Capital (lead)

🚀Growth Focus: Enhance AI-enabled solutions for the TEAM-mandated health systems in the new value-based reimbursement era.

HQ: Berkeley, CA

Industry: Hospitals and Health Care

Employee Count: 11

Dataro develops a fundraising prediction platform that assists charities in their fundraising, enabling users to get live fundraising analytics and donor predictions to set up their fundraising success.

New Funding Raised: $14.28M, Series A

Round Investors: Blueprint Equity (lead)

🚀Growth Focus: Support expansion across product, customer success, sales, and marketing.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 44

Kana develops an agentic marketing platform, allowing brands to automate and optimize customer engagement in the agent-driven digital economy.

New Funding Raised: $15M, Seed

Round Investors: Mayfield Fund (lead)

🚀Growth Focus: Expand hiring across engineering, product, and go-to-market.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 15

🌍 EMEA

FYLD operates an insights platform that streamlines operations, enhances sustainability, and prioritizes the well-being of field workers, enabling users to eliminate paperwork, save time, and create safer sites.

New Funding Raised: £32M, Series B

Round Investors: Energy Impact Partners (lead), Partech, Ontario Teachers' Pension Plan

🚀Growth Focus: Continue scaling its platform to deliver operational certainty for distributed, high-risk fieldwork in energy, construction, water, and more.

HQ: London, England

Industry: Utilities

Employee Count: 75

Sales Gigs 🏆

📬 Questions? Feedback? Email us at [email protected]! We incorporate all user feedback into our product. Nothing is off-limits.