# Windfall funding: rounds and investors > Windfall has raised $74M across 2 rounds since 2019. Investors include Industry Ventures, Bonfire Ventures and Bullpen Capital. Every round with its source. Source: https://millionrounds.com/company/windfall (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Windfall* 2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Big Data & Analytics Fintech Funding summary Updated 26 Oct 2026 **$74M** raised across 2 rounds since 2019, from 2 sources **$9.0M** Round **$65M** Series B - **Latest round:** Series B, $65M Apr 2025 - **Step-up i:** 7.2× - **Investors:** 9 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2020 2021 2022 2023 2024 2025 **$9.0M** Round **$65M** Series B - **First round:** Round, $9.0M - **Biggest round:** $65M - **Between rounds:** 5.6 years ## The rounds - **Apr 2025** Series B **$65M** *4 new* *2 returning* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Homebrew](https://millionrounds.com/fund/homebrew) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) Source recorded - **Aug 2019** Round **$9.0M** *5 new* [Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) Lead [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [TenOneTen Ventures](https://millionrounds.com/fund/tenoneten-ventures) [ValueStream Ventures](https://millionrounds.com/fund/valuestream-ventures) Reported by FinSMEs ## Founders and team From Windfall's own website: 2 founders, 8 on the team. **Arup Banerjee** CEO and Co-Founder **Dan Stevens** COO and Co-Founder - **Iain Denham** VP of Revenue - **John Dao** VP of Product - **Kathleen Atkins** VP of Marketing - **Matt Donahue** Head of Solutions Engineering - **Nilesh Murthy** VP of Customer Success - **Rick Lindquist** VP of Revenue Operations - **Steven Shalwitz** VP of Engineering - **Marissa Maybee** Director 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. **Round** 2019 **Series B** 2025 [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) L [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) [Homebrew](https://millionrounds.com/fund/homebrew) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) [TenOneTen Ventures](https://millionrounds.com/fund/tenoneten-ventures) [ValueStream Ventures](https://millionrounds.com/fund/valuestream-ventures) ## Everyone who backed them [Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **2** rounds [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) VC firm **2** rounds [Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) VC firm **1** round, led 1 [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) VC firm **1** round [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) VC firm **1** round [Homebrew](https://millionrounds.com/fund/homebrew) VC firm **1** round [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) VC firm **1** round [TenOneTen Ventures](https://millionrounds.com/fund/tenoneten-ventures) VC firm **1** round [ValueStream Ventures](https://millionrounds.com/fund/valuestream-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=windfall). ## 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. [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) VC firm Per its own site [Cavallo Ventures](https://millionrounds.com/fund/cavallo-ventures) Corporate VC Per its own site ## Quick answers about Windfall ### 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. ### 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. ## Companies like Windfall In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app