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Turnout raises $35 million in Series A funding, led by HighPost Capital, to enhance its AI advocate platform for consumers navigating bureaucratic processes.
PRIVATEJun 11, 2026•about 2 months ago
Amount Raised
$35 Million
Round Type
Series A
Investors
Omri CasspiHoneystone VenturesMangusta CapitalLgvpShine CapitalHigh Post Capital
Description
Turnout has announced a $35 million Series A funding round, bringing its valuation to $400 million. The funding will be used to expand the AI agent platform and scale its human advocate workforce nationwide. With a fivefold increase in its client base, Turnout aims to address gaps in consumer advocacy. The round saw participation from several investors including Shine Capital and LGVP.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech