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Series E Funded Administrative Services Startups

The ten Series E rounds shown here span from January 2021 through March 2025, with eight of them closing in the roughly eighteen-month window between Janua…

The ten Series E rounds shown here span from January 2021 through March 2025, with eight of them closing in the roughly eighteen-month window between January 2021 and July 2022. Round sizes across these ten companies range from Bizongo's $5M close in Mumbai in March 2025 to Wolt's $530M raise in Helsinki in January 2021 — a spread that reflects how differently Series E capital deployment looks across geographies and business models.

San Francisco appears three times — Checkr ($120M, April 2022), Deliverr ($250M, November 2021), and Lattice ($60M, March 2021) — while Germany contributes two entries: Staffbase in Chemnitz ($116M, March 2022) and Personio in Munich ($270M, October 2021). PayFit's $287M Paris round in January 2022 and Lyra Health's $187M Burlingame raise that same month illustrate the international breadth of late-stage administrative services funding during that period. Gravie's $15M Minneapolis round in July 2022 sits at the lower end of the range, a reminder that Series E sizing is not uniform even within a single vertical.

Most recent rounds

10 shown

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Frequently asked

What are the largest Series E rounds in this segment?

Wolt leads at $530M (Helsinki, January 2021), followed by PayFit at $287M (Paris, January 2022), Personio at $270M (Munich, October 2021), and Deliverr at $250M (San Francisco, November 2021). Those four rounds alone account for the majority of capital represented in the ten rows shown.

Which cities show up most often among these Series E administrative services companies?

San Francisco appears three times — Checkr, Deliverr, and Lattice all closed Series E rounds there between March 2021 and April 2022. Germany contributes two companies: Staffbase in Chemnitz and Personio in Munich, both raising nine-figure rounds in the same general period.

When did most of these rounds close?

Eight of the ten rounds closed between January 2021 and July 2022, with five of those occurring in calendar year 2021. Activity drops sharply after mid-2022 in this dataset; Bizongo's March 2025 Mumbai round is the only entry dated after July 2022.

How does round size differ between U.S. and European companies in this data?

European companies in the set trend larger — Wolt ($530M), PayFit ($287M), Personio ($270M), and Staffbase ($116M) — while U.S.-based Lattice ($60M), Gravie ($15M), and Lyra Health ($187M) show wider variance. Checkr ($120M) and Deliverr ($250M) represent the higher end of U.S. rounds shown.

What sub-sectors fall under the administrative services label here?

The companies span background screening (Checkr), fulfillment logistics (Deliverr), HR and people management software (Personio, Lattice, Staffbase), payroll and compliance (PayFit), employee health benefits (Gravie, Lyra Health), and courier/delivery operations (Wolt), indicating the label covers a wide range of back-office and workforce functions.

What is the most recent round in this dataset?

Bizongo closed a $5M Series E in Mumbai on March 11, 2025 — the only round dated after 2022 and also the smallest by disclosed amount among the ten companies shown.

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