United States · 
Who invested in Windfall?
Windfall's investors include Industry Ventures, Bonfire Ventures, Bullpen Capital, U.S. Venture Partners and Nexus Venture Partners, and 4 more on record.
202020212022202320242025
$9.0MRound$65MSeries B
United States · Series B startup
Who invested in Windfall
Funding summaryUpdated 26 Oct 2026
$74Mraised across 2 rounds since 2019, from 2 sources
$9.0MRound$65MSeries B
- Latest round
- Series B, $65MApr 2025
- Step-upi
- 7.2×
- Investors
- 9 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $9.0M Aug 2019
- Biggest round
- $65M Series B · Apr 2025
- Between rounds
- 5.6 years from the last two
The rounds
- Apr 2025Series B$65M4 new2 returning
U.S. Venture Partners
Nexus Venture Partners
Industry Ventures
Homebrew- Cherubic Ventures
Bonfire Ventures
Source recorded
- Aug 2019Round$9.0M5 new
Reported by FinSMEs
Founders and team
From Windfall's own website: 2 founders, 8 on the team.
Arup BanerjeeCEO and Co-Founder
Dan StevensCOO and Co-Founder
- Iain DenhamVP of Revenue
- John DaoVP of Product
- Kathleen AtkinsVP of Marketing
- Matt DonahueHead of Solutions Engineering
- Nilesh MurthyVP of Customer Success
- Rick LindquistVP of Revenue Operations
- Steven ShalwitzVP of Engineering
- Marissa MaybeeDirector of Nonprofit Customer Success
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Cherubic VenturesVC firm1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 2 firms list Windfall as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Windfall
How much has Windfall raised?
Windfall has raised $74M across 2 rounds since 2019.
When did Windfall last raise?
Windfall's most recent round was a Series B of $65M in Apr 2025.
What was Windfall's biggest round?
Its most recent round, $65M in Apr 2025, is also its largest on record.
Who backed Windfall first?
Windfall's first round on record, in Aug 2019, was backed by Bullpen Capital, Industry Ventures and Bonfire Ventures and 2 others.
What stage is Windfall at?
Windfall's latest named round is a Series B, in Apr 2025.
Where is Windfall based?
Windfall is based in the United States.
Who led Windfall's rounds?
Bullpen Capital led the Undisclosed round in 2019.
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