Series B Funded Administrative Services Startups
The 50 most recent Series B rounds in administrative services span July 2025 back to May 2023, with disclosed amounts ranging from $1M (Garuda Aerospace, C…
The 50 most recent Series B rounds in administrative services span July 2025 back to May 2023, with disclosed amounts ranging from $1M (Garuda Aerospace, Chennai) to $100M (Harbinger, Garden Grove). San Francisco accounts for nine of the entries — including Klarity ($70M, June 2024), KarmaCheck ($45M, June 2024), and Sparrow ($35M, July 2025) — making it the most active single city. London follows with six companies: Metaview, Untamed, Nodes & Links, Arbolus, Veremark, and hackajob. India contributes six rounds across Bangalore, Chennai, Gurgaon, Bengaluru, and Noida, all below $30M.
Workforce and HR-adjacent tools are the dominant subsector: background screening (KarmaCheck), staffing platforms (TeamBridge, WorkWhile, SESO), hiring analytics (Metaview, TechWolf), and employee financial wellness (Rain, Clair, Kashable) all appear. Healthcare benefits administration — Carta Healthcare, XP Health, Onsurity — forms a secondary cluster. Sixteen rounds closed in 2025 through July, with Harbinger ($100M) and Rain ($75M) the two largest of that cohort. Four rounds in the set have undisclosed amounts.
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Frequently asked
What are the largest Series B rounds in this segment?
The five largest disclosed rounds are Harbinger ($100M, Garden Grove, January 2025), Rain ($75M, Nashville, April 2025), Klarity ($70M, San Francisco, June 2024), OnPay ($63M, Atlanta, January 2025), and Teramount ($50M, Jerusalem, July 2025). KarmaCheck ($45M, San Francisco, June 2024) and TechWolf ($43M, Ghent, June 2024) follow closely.
Which cities are most active for Series B administrative services fundraising?
San Francisco leads with nine companies, including Sparrow, KarmaCheck, Klarity, TeamBridge, and WorkWhile. London follows with six — Metaview, Untamed, Nodes & Links, Arbolus, Veremark, and hackajob. New York accounts for four: Clair, Spark Advisors, Kashable, and Jitjatjo. India collectively matches London's count, with six rounds spread across Bangalore, Chennai, Gurgaon, Bengaluru, and Noida.
How active has Series B fundraising been in this segment during 2025?
Sixteen of the 50 rounds closed in 2025, from January (Harbinger, $100M; OnPay, $63M) through July (Teramount, $50M; Sparrow, $35M; Asylon, $24M; Bambrew, $11M). That pace indicates sustained investor appetite for administrative services at the Series B stage through at least mid-2025.
What subsectors within administrative services are attracting Series B capital?
Workforce and HR tech is the most represented cluster — covering staffing platforms (TeamBridge, WorkWhile, SESO, Traba), hiring and skills intelligence (Metaview, TechWolf, Censia), and background screening (KarmaCheck). Employee financial wellness forms a distinct group: Rain ($75M), Clair ($23M), and Kashable ($26M) all raised in this space. Healthcare benefits administration — Carta Healthcare, XP Health, and Onsurity — adds a third recurring theme.
What is the typical round size at Series B for administrative services companies?
Among the 46 rounds with disclosed amounts, the median falls near $24–25M and the majority cluster between $20M and $45M. The distribution has meaningful outliers on both ends: four rounds came in below $10M (including Garuda Aerospace at $1M and Perfora at $5M), while Harbinger ($100M), Rain ($75M), Klarity ($70M), and OnPay ($63M) all closed above $60M.
Which non-US, non-UK markets appear in this set of Series B administrative services rounds?
India is the most prominent non-Anglophone market, with six companies — HostBooks, Bambrew, Onsurity, Garuda Aerospace, HROne, and Perfora — all raising below $30M. Israel contributed two rounds: Teramount ($50M, Jerusalem, July 2025) and Sensi.Ai ($31M, Tel Aviv, June 2024). Other markets include Belgium (TechWolf, $43M), UAE (Merit Incentives, $28M), Mexico (minu, $30M), France (Ringover, $21M), Romania (DRUID, $24M), Chile (Colektia, $9M), and Canada (UniUni, VEERUM).
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