RallyPoint, the provider of an enterprise-level collaboration and networking platform, has secured $5 million in a Series A financing round led by DBL Investors. The company’s platform represents a network that is connecting the military, veterans and those supporting them.
The new funding brings RallyPoint’s total to-date funding to about $6.6 million, including $1.55 million in seed capital that the company raised in December of last year. RallyPoint will use the new investment to accelerate expansion of its military recruiting solutions. The company now has more than 125,000 members, representing both active military members and veterans.