Funded Administrative Services Startups in Indianapolis
Administrative services startups in Indianapolis have attracted funding across a wide range of sizes and stages, from DRONEDEK's $200K close in September 2…
Administrative services startups in Indianapolis have attracted funding across a wide range of sizes and stages, from DRONEDEK's $200K close in September 2020 to Remodel Health's $100M raise in December 2024. The most recent disclosed round is Arrive AI's $40M in May 2025. Of the 13 rounds shown, six carry a "Series Unknown" classification — Arrive AI, Remodel Health, Pillar, PivotCX.io, Qualifi, and TMAP — indicating rounds where stage or structure was not publicly reported.
Four companies raised at the seed stage: Bereave ($310K, August 2024), Woven ($2M, November 2022), FullStack PEO ($800K, June 2022), and Bountiful (undisclosed, June 2023). The dataset includes one Series A — PAXAFE at $9M in May 2024 — and one Series B — Bolster at $11M in January 2022. Funding activity was most concentrated in 2023, which accounts for five of the 13 rounds.
Most recent rounds
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Frequently asked
What are the largest recent rounds among Indianapolis administrative services startups?
Remodel Health raised $100M in December 2024, the largest disclosed amount in the dataset. Arrive AI closed $40M in May 2025 — the most recent round on record. Bolster's Series B ($11M, January 2022) and PAXAFE's Series A ($9M, May 2024) are the next largest disclosed raises.
What funding stages are most common in this segment?
Six of the 13 rounds carry a Series Unknown classification, making it the dominant category. Four companies raised at seed stage: Bereave, Woven, FullStack PEO, and Bountiful. Only one Series A (PAXAFE, $9M) and one Series B (Bolster, $11M) appear in the dataset.
When was funding activity most concentrated for these companies?
2023 accounts for five of the 13 rounds: Qualifi (January), TMAP (February), PivotCX.io (March), Bountiful (June), and Pillar (July). 2022 and 2024 each contributed three rounds, and 2025 has one close so far — Arrive AI in May.
What is the highest funding stage represented in this dataset?
Bolster's Series B ($11M, January 2022) is the most advanced disclosed stage among the 13 companies. No Series C or later rounds appear in the data. The sole Series A belongs to PAXAFE, which raised $9M in May 2024.
Which companies raised the smallest rounds in this segment?
The smallest disclosed amounts are $200K each — DRONEDEK (September 2020) and PivotCX.io (March 2023). Bereave raised $310K at seed in August 2024, and FullStack PEO closed an $800K seed in June 2022. Bountiful's June 2023 seed round has an undisclosed amount.
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