Tech startups such as Constrafor, PlayAI, Range, Cardless, and Boosted.ai, announced their VC funding rounds from venture capital companies.
Constrafor Secures $264 mn
Constrafor, a software provider for the construction industry, announced the completion of its $264 million Series A funding round, consisting of $14 million in equity led by NFX and a $250 million credit facility from Wafra and Crestline Investors.
The funding will accelerate Constrafor’s growth and address industry challenges, including cash flow constraints, tight margins, labor shortages, and supply chain inefficiencies.
PlayAI Secures $21 mn
PlayAI, a voice AI platform for generative AI conversations, has raised $21 million in a seed round led by Kindred Ventures and 500 Global, with contributions from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, and TRAC.
The funding will be used to enhance PlayAI’s generative AI voice models, voice agent platform, and accelerate the development of human-quality speech experiences for businesses.
Range Raises $28 mn
AI WealthTech platform Range has raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and others, bringing its total funding to $40 million. The company plans to use the funds to expand, accelerate product development, and scale its engineering teams.
Range, powered by its AI engine Rai, provides wealth management services up to 20 times faster and at significantly lower fees than traditional advisors.
Cardless Raises $30 mn
Cardless, a fintech innovator specializing in co-branded credit card solutions, has raised $30 million in a growth investment round led by Activant Capital. Other funding participants included Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures.
This funding brings Cardless’ total equity funding to over $90 million. The funds will drive product development, talent hiring, and expansion into retail, e-commerce, and SMB sectors.
Boosted.ai Secures $15 mn
Boosted.ai, an innovative generative AI platform, has raised $15 million in a financing round, bringing its total funding to $61 million. The investment, led by Fidelity Investments Canada ULC alongside existing institutional backers, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada and HarbourVest Partners, will fuel the growth of its agentic AI platform, Alfa, which acts as an AI-powered financial coworker.
Alfa helps investment managers automate workflows, reducing tasks that typically take 40 hours to a mere 20 minutes. The funding will also enhance onboarding, user training, and product demand management, empowering asset managers, wealth managers, and hedge funds to streamline decision-making and improve financial outcomes.
