The AlleyWatch Startup Daily Funding Report: 3/16/2026
Briefly

The AlleyWatch Startup Daily Funding Report: 3/16/2026
Order, a B2B commerce platform automating purchase orders and accounts payable, raised $7.1M from fourteen investors, bringing its total equity funding to $51.8M since its 2016 founding. Rove, a travel rewards program enabling flexible mile earning and redemption across flights and hotels, secured $4M from a single investor following its 2023 launch. Helios, an AI-native policy intelligence platform serving government agencies and enterprises, raised $2M in venture funding from Long Journey Ventures and HF0 Residency, reaching $6M in total equity funding since its 2024 founding. These deals represent recent NYC startup funding activity across commerce, travel technology, and artificial intelligence sectors.
"Order, a B2B commerce platform that simplifies business buying with purchase order and AP automation, has raised $7.1M in funding according to a recent SEC filing. The filing indicates that the total offering is for $40M and this close comes from fourteen investors. Founded by Thomas Jaklitsch and Zachary Garippa in 2016, Order has now raised a total of $51.8M in reported equity funding."
"Rove, a flexible travel rewards program for earning and redeeming miles on flights and hotels, has raised $4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $8M and this close comes from a sole investor. Rove was founded by Arhan Chhabra and Maxwell Morganroth in 2023."
"Helios, an AI-native policy intelligence platform for government agencies, defense organizations, and enterprises, has raised $2M in Venture funding from investors including Long Journey Ventures and HF0 Residency. Founded by Brandon Smith, Joe Scheidler, and Joseph A. Farsakh in 2024, Helios has now raised a total of $6M in reported equity funding."
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