--- url: 'https://qubit.capital/blog/us-series-b-plus-weekly-funding-roundup-week-5-march-2026' title: 'US Series B+ Weekly Funding Roundup (Mar 23-30, 2026): $327.0M Raised Across 5 Deals' author: name: Sagar Agrawal url: 'https://qubit.capital/blog/author/sagar' date: '2026-03-30T03:44:09+05:30' modified: '2026-03-30T11:26:29+05:30' type: post summary: 'Five US late-stage startups raised $327M this week, led by Cents'' $140M Series C for laundromat tech. Deals span insurtech, fintech, SaaS, and AI chips.' categories: - Weekly Funding Roundup image: 'https://qubit.capital/wp-content/uploads/2026/03/featured-us-series-bplus-64888.webp' published: true --- # US Series B+ Weekly Funding Roundup (Mar 23-30, 2026): $327.0M Raised Across 5 Deals Late-stage US startups pulled in $327 million across five deals this week, with round sizes ranging from $40 million to $140 million. The biggest check went to a company digitizing an industry most VCs have never thought twice about: laundromats. Alongside these growth rounds, US seed-stage companies raised $31.8 million across four deals, while Series A startups brought in $320 million across four rounds, signaling broad investor appetite at every stage. Two threads ran through this week’s deals. First, AI-driven underwriting and data integration showed up in both insurance and fintech, with investors betting that machine learning can reprice risk in industries still running on spreadsheets. Second, vertical SaaS continues to find large rounds by going deep into unsexy markets where fragmented incumbents leave room for a single platform to own the stack. Weekly Funding Roundup MAR 23-30, 2026 $327M TOTAL RAISED 5DEALS CLOSED MixedSTAGE $65.4MAVG DEAL SIZE USTOP REGION BY STAGE Series B$187M57% Series C$140M43% BY SECTOR CentsVertical SaaS$140M DossSaaS$55M NormalAI / Semiconductors$50M ShepherdInsurtech / Fintech$42M SpadeFintech$40M Table of Contents - [1. Cents Raises $140M Series C For Laundromat Software](#1-cents-raises-$140m-series-c-for-laundromat-software) [Deal Overview](#deal-overview) - [Investor Profile](#investor-profile) - [Company and Leadership](#company-and-leadership) - [Problem and Opportunity](#problem-and-opportunity) - [Product and Technology](#product-and-technology) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision) - [Market Context](#market-context) - [2. Doss Raises $55M Series B For Enterprise SaaS](#2-doss-raises-$55m-series-b-for-enterprise-saas) [Deal Overview](#deal-overview-1) - [Investor Profile](#investor-profile-1) - [Company and Leadership](#company-and-leadership-1) - [Problem and Opportunity](#problem-and-opportunity-1) - [Product and Technology](#product-and-technology-1) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-1) - [Market Context](#market-context-1) - [3. Normal Raises $50M Series B For AI Semiconductor Technology](#3-normal-raises-$50m-series-b-for-ai-semiconductor-technology) [Deal Overview](#deal-overview-2) - [Investor Profile](#investor-profile-2) - [Company and Leadership](#company-and-leadership-2) - [Problem and Opportunity](#problem-and-opportunity-2) - [Product and Technology](#product-and-technology-2) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-2) - [Market Context](#market-context-2) - [4. Shepherd Raises $42M Series B For Construction Insurance](#4-shepherd-raises-$42m-series-b-for-construction-insurance) [Deal Overview](#deal-overview-3) - [Investor Profile](#investor-profile-3) - [Company and Leadership](#company-and-leadership-3) - [Problem and Opportunity](#problem-and-opportunity-3) - [Product and Technology](#product-and-technology-3) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-3) - [Market Context](#market-context-3) - [5. Spade Raises $40M Series B](#5-spade-raises-$40m-series-b) [Deal Overview](#deal-overview-4) - [Investor Profile](#investor-profile-4) - [Company and Leadership](#company-and-leadership-4) - [Problem and Opportunity](#problem-and-opportunity-4) - [Product and Technology](#product-and-technology-4) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-4) - [Market Context](#market-context-4) - [Lessons For Founders](#lessons-for-founders) ## 1. Cents Raises $140M Series C For Laundromat Software ### Deal Overview - **Stage:** Series C - **Sector:** Vertical SaaS - **Geography:** United States - **Round Size:** $140M - **Lead Investor:** Sumeru Equity Partners ### Investor Profile Sumeru Equity Partners, a growth equity firm focused on technology companies, led the round. Sumeru typically backs B2B software businesses with strong unit economics and clear paths to market leadership in their verticals. ### Company and Leadership [Cents](https://www.trycents.com) has built an all-in-one software, hardware, and payments platform for laundromat and dry cleaner businesses. The company has steadily expanded its product surface to cover the full operational needs of laundry operators. ### Problem and Opportunity The laundry industry is massive but technologically stuck. Most operators juggle separate systems for point-of-sale, payments, customer management, and machine monitoring. That fragmentation creates inefficiency and limits the ability to scale multi-location operations. ### Product and Technology Cents bundles software, hardware, and payments into a single platform purpose-built for laundry businesses. Operators get everything from POS and customer-facing apps to machine connectivity and route management for pickup and delivery services. The integrated payments layer means Cents captures revenue on every transaction flowing through the platform. ### Use of Proceeds and Vision The $140 million will fund continued product development and market expansion. At this round size, Cents is clearly positioning for category dominance in laundry and dry cleaning operations, a market with thousands of independent operators ripe for consolidation onto a single platform. ### Market Context The US laundry services market generates billions annually, yet software penetration remains low. Cents benefits from a classic vertical SaaS dynamic: once an operator runs their entire business on the platform, switching costs are high and expansion revenue follows naturally. ## 2. Doss Raises $55M Series B For Enterprise SaaS ### Deal Overview - **Stage:** Series B - **Sector:** SaaS - **Geography:** United States - **Round Size:** $55M - **Lead Investor:** Madrona ### Investor Profile Madrona, the Seattle-based venture firm known for early bets on Amazon, Snowflake, and other enterprise infrastructure companies, led the round. Madrona’s enterprise software expertise and Pacific Northwest network give Doss a strong operational partner for scaling. ### Company and Leadership [Doss](https://www.doss.com) raised $55 million in its Series B on March 24, 2026. The company operates in the enterprise SaaS space. ### Problem and Opportunity Enterprise teams still struggle with fragmented workflows and disconnected tools. Doss is targeting operational pain points where existing solutions leave gaps. ### Product and Technology Doss builds enterprise software designed to streamline business operations. The $55 million raise with Madrona backing suggests strong product-market fit and a growth trajectory that warranted a sizable Series B. ### Use of Proceeds and Vision Funds will go toward scaling the team, product development, and go-to-market expansion. With Madrona’s backing, Doss is positioned to accelerate its enterprise customer acquisition. ### Market Context The enterprise SaaS market continues to grow as companies invest in tools that consolidate workflows and reduce operational overhead. Madrona’s willingness to lead at $55 million signals confidence in both the team and the category. ## 3. Normal Raises $50M Series B For AI Semiconductor Technology ### Deal Overview - **Stage:** Series B - **Sector:** AI / Semiconductors - **Geography:** United States - **Round Size:** $50M - **Lead Investor:** Samsung Catalyst ### Investor Profile Samsung Catalyst is the strategic venture arm of Samsung Electronics, one of the world’s largest semiconductor manufacturers. A $50 million bet from Samsung’s investment arm carries weight beyond the capital: it signals potential integration with Samsung’s chip fabrication and distribution ecosystem. ### Company and Leadership [Normal](https://www.normal.co) (also known as Normal Computing) is building AI semiconductor technology aimed at reducing the cost and power consumption of AI workloads. The company develops novel computing architectures for AI inference and training. ### Problem and Opportunity AI compute demand is growing faster than chip performance improvements can keep up. Training and running large models remains expensive and energy-intensive, creating a bottleneck for widespread AI deployment. Companies that can deliver more compute per watt and per dollar have a clear opening. ### Product and Technology Normal develops new computing architectures designed for AI workloads. Rather than incremental improvements to existing chip designs, the company is pursuing novel approaches to how AI computations are performed at the hardware level. ### Use of Proceeds and Vision The Series B will fund continued R&D and scaling efforts. With Samsung Catalyst’s backing, Normal has both the capital and the strategic partnership needed to move from research into production-grade chip development. ### Market Context The AI chip market is projected to exceed $100 billion by the end of the decade, driven by enterprise AI adoption and the buildout of massive data center infrastructure. Normal competes in a space dominated by Nvidia but crowded with well-funded challengers including Cerebras, Groq, and SambaNova. Samsung’s investment suggests Normal’s approach is differentiated enough to attract a semiconductor giant’s attention. ## 4. Shepherd Raises $42M Series B For Construction Insurance ### Deal Overview - **Stage:** Series B - **Sector:** Insurtech / Fintech - **Geography:** United States - **Round Size:** $42M - **Investors:** Intact Private Capital (lead), Spark Capital, Costanoa Ventures ### Investor Profile Intact Private Capital, the investment arm of Intact Financial Corporation (Canada’s largest P&C insurer), led the round. Spark Capital and Costanoa Ventures, both returning investors from earlier rounds, participated. Having a major insurance carrier lead a Series B is a strong endorsement of Shepherd’s underwriting model. Spark backed the company at seed in 2021, and Costanoa led the Series A in 2024. ### Company and Leadership [Shepherd](https://www.shepherdinsurance.com) was co-founded in 2020 by Justin Levine (CEO, ex-Airbnb, previously built TradeTapp), Mohamed El Mahallawy (CTO, ex-Airbnb), and Steve Buonpane. The trio met through the On Deck Founder Fellowship. Total funding now stands at $67 million. Revenue grew 7x over 24 months, with 1,500+ policies in force and $400 billion in insured project value across 600+ customers. ### Problem and Opportunity Commercial insurance for construction is slow and data-poor. Traditional underwriting takes weeks, relies on static applications, and can’t incorporate real-time jobsite information. Meanwhile, the construction industry is in a building boom. Hyperscalers, chip manufacturers, and energy companies are pouring hundreds of billions into data centers, semiconductor fabs, and renewable energy projects. All of that construction needs insurance. ### Product and Technology Shepherd offers AI-powered commercial insurance products for the construction industry, including general liability, commercial auto, workers’ comp, excess casualty, and builder’s risk. The platform integrates real-time data from Procore, Autodesk, OpenSpace, DroneDeploy, and Samsara to inform underwriting decisions. Submission-to-indication happens in 24 hours, roughly 90% faster than traditional carriers. The company’s behavioral pricing model, called Shepherd Savings, rewards builders who invest in safety technology with better rates. Shepherd is scaling toward a model where a single underwriter oversees 200 accounts with AI handling the bulk of the work. ### Use of Proceeds and Vision The $42 million will fund expansion into renewable energy and power infrastructure verticals, development of autonomous underwriting capabilities, and broader scaling of operations. Shepherd is positioning itself as the insurer behind the AI infrastructure buildout. ### Market Context The $10+ trillion commercial construction industry supports a $48 billion insurance market. Legacy carriers still rely on manual processes and lack the technology integrations to pull real-time jobsite data. Shepherd’s combination of speed, data depth, and behavior-based pricing gives it a structural advantage that’s hard for incumbents to replicate quickly. ## 5. Spade Raises $40M Series B ### Deal Overview - **Stage:** Series B - **Sector:** Fintech - **Geography:** United States - **Round Size:** $40M - **Lead Investor:** Oak HC/FT ### Investor Profile Oak HC/FT is a growth equity firm specializing in healthcare and financial technology. The firm has deployed billions across fintech infrastructure, payments, and financial services companies. Their involvement points to Spade operating at the infrastructure layer of financial services. ### Company and Leadership [Spade](https://www.spade.com) closed a $40 million Series B led by Oak HC/FT on March 24, 2026. The company operates in the fintech space. ### Problem and Opportunity Financial services companies need better data infrastructure to power their products. Spade is building in a fintech category where Oak HC/FT sees enough potential to write a $40 million check at the Series B stage. ### Product and Technology Spade builds fintech infrastructure, with Oak HC/FT’s investment profile suggesting a focus on data, payments, or financial services tooling. The $40 million round reflects strong enough traction to attract a top-tier sector-specialist investor. ### Use of Proceeds and Vision Funds will support product scaling and market expansion. With Oak HC/FT’s deep fintech network, Spade gains both capital and distribution advantages for its next growth phase. ### Market Context Fintech infrastructure remains one of the most active investment categories in 2026. As banks and financial institutions accelerate their technology modernization efforts, companies that provide the underlying data and tooling layers continue to attract significant funding. ## Lessons For Founders - **Unsexy verticals attract serious capital.** Cents raised $140 million for laundromat software. When you own the full stack in a fragmented, underserved industry, round sizes can rival consumer tech companies. - **Strategic investors validate your model.** Samsung Catalyst backing an AI chip company and Intact Financial (a major insurance carrier) leading Shepherd’s round both demonstrate that corporate strategics at the Series B stage signal product-market fit to the broader market. - **Returning investors matter.** Shepherd’s Series B included both Spark Capital and Costanoa Ventures, who led the seed and Series A respectively. When your earlier backers keep writing checks, it tells new investors the internal metrics back up the narrative. - **Speed is a product feature in slow industries.** Shepherd’s 24-hour underwriting versus the industry standard of weeks isn’t just a nice-to-have. It’s the reason builders choose them over incumbents. If your target industry measures timelines in weeks or months, compressing that to hours or days is a defensible wedge. - **AI infrastructure needs its own infrastructure.** From chips (Normal) to insurance for data center construction (Shepherd), the companies enabling the AI buildout are raising real money. Picks-and-shovels plays remain a reliable venture thesis when the gold rush is this big.