Funded Financial Services Startups in Palo Alto
Among the 24 most recent financial services rounds in Palo Alto, the largest disclosed amount is Point’s $249M round dated 2025-06-05.
Among the 24 most recent financial services rounds in Palo Alto, the largest disclosed amount is Point’s $249M round dated 2025-06-05. That $249M figure sits above other large disclosed rounds such as Step’s $300M (2022-10-11) and Next Insurance’s $250M (2021-04-01), but the next-largest disclosed cluster is still high: multiple rounds land in the $70M–$250M band (e.g., Boba Network $70M on 2025-07-01; Drip Capital $90M on 2024-09-05; Ladder $100M on 2021-10-04). Stage labels are also uneven: 6 of 24 rows have “Series Unknown” and 2 of 24 are explicitly “undisclosed,” leaving only 16 with stated amounts and stage types.
The date window spans 2020-06-09 (Pando) through 2025-07-01 (Boba Network). Recent activity clusters in mid-2025, where several disclosed rounds close within about a month (Tensec $12M on 2025-06-18; Point $249M on 2025-06-05; Dinari $13M on 2025-05-01), while older financing events remain large as well (Hippo Insurance $350M on 2020-11-24; Wealthfront $70M on 2022-09-02).
Most recent rounds
24 shownRelated listings
Frequently asked
Which disclosed rounds are clear outliers, and how do they compare to the rest of the Palo Alto set?
Point’s $249M (2025-06-05) is the largest 2025 disclosed figure, but the overall list’s biggest disclosed amount is Hippo Insurance’s $350M (2020-11-24), with Step at $300M (2022-10-11) and Next Insurance at $250M (2021-04-01) as other top-end rounds. Several other companies fall below that top band, including ItsWare’s $860K (2024-10-22) and PNDORAS BOX’s $100K (2022-01-17).
Is there a concentrated cluster in time among the most recent entries?
Yes. Between 2025-05-01 and 2025-07-01, three disclosed rounds land close together: Dinari ($13M, 2025-05-01), Point ($249M, 2025-06-05), and Tensec ($12M, 2025-06-18), with Boba Network adding a larger disclosed round at $70M on 2025-07-01. Earlier periods also show bursts, such as 2022-09-15 to 2022-09-23 (Nibiru $8M on 2022-09-23 and Higlobe $14M on 2022-09-20).
How much of the stage picture is missing, and does that align with higher or lower disclosed amounts?
Stage clarity is incomplete in 8 of 24 rows: 6 list “Series Unknown” (e.g., Boba Network 2025-07-01 at $70M; Drip Capital 2024-09-05 at $90M; and Wealthfront is listed as “Convertible Note,” not unknown) and 2 are “undisclosed” (Martis Capital 2023-06-21 and Escalon Services 2022-10-25). The lowest disclosed amount is PNDORAS BOX at $100K (2022-01-17), while the highest disclosed amounts are tied to fully disclosed entries like Hippo Insurance ($350M) and Step ($300M).
Does the list skew toward “Series Unknown” or toward named rounds when looking at the biggest disclosed deals?
The biggest disclosed deals are not dominated by “Series Unknown.” Top amounts include Hippo Insurance $350M (2020-11-24 with a blank stage label, not “Series Unknown”), Step $300M (Debt Financing, 2022-10-11), Next Insurance $250M (Series E, 2021-04-01), and Point $249M (Series Unknown, 2025-06-05). Only Point among the top-end examples is explicitly “Series Unknown.”
Which entries closed in 2025, and what does their disclosed-amount distribution suggest compared to earlier years shown?
The 2025 entries in this view are Boba Network ($70M, 2025-07-01), Tensec ($12M, 2025-06-18), Point ($249M, 2025-06-05), and Dinari ($13M, 2025-05-01). That mix spans from low double digits ($12M–$13M) to a top-end $249M deal, resembling the broader pattern where early-to-mid values coexist with occasional very large financings like Hippo Insurance ($350M) in 2020 and Step ($300M) in 2022.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.