The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/22/2021 featuring funding details for B12, Click Therapeutics, and much more.
The AlleyWatch Startup Daily Funding Report: 10/21/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/21/2021 featuring funding details for Toolio, Candy Digital, and much more. This page will be updated throughout the day to reflect any new fundings.
The September 2021 US Venture Capital Funding Report
US startup funding hits a near-record $22B+ for the month; up 136% from September 2020 levels!
Fiserv Acquires BentoBox as it Looks to Expand its Dining and Restaurant Capabilities
BentoBox, the end-to-end restaurant online management and marketing platform, has been acquired by Fiserv, the global fintech and payments company. Terms of the transactions were not disclosed.
The AlleyWatch Startup Daily Funding Report: 10/20/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/20/2021 featuring funding details for Bucha Bio, Anomaly, and much more.
The Case for Growing Slowly
I wanna go fast! Startups are all about scale and speed (or so I read on Twitter) and my genius idea is no different. How could there possibly be a case for growing slowly if what I really want is a game-changing startup?
Bright Data Bucks Trend and Opens US HQ in The Big Apple
Over the past few months, a cascade of tech companies has pushed back their return to office plans because of COVID-19’s highly contagious Delta variant. These delays come from tech giants like Apple, Google, Microsoft, and Uber. Other companies, like State Street, have decided to leave NYC altogether. While these titans reconsider RTO plans, Bright […]
Electric Raises Another $90M to Support the IT Needs of Small and Medium-Sized Businesses
Whether the future of work is in-office at a traditional office structure, hybrid, or fully remote is yet to be seen but one thing is for sure is that organizations will need IT support to meet the needs of a dynamic and evolving workforce. Companies that had the proper IT support infrastructure in place were able to respond quickly to address the pandemic without significant interruption to workflows. Electric, a pioneer in the tech-enabled managed service provider (MSP) space, supports the needs of the small and medium-sized businesses that need a dedicated IT team without incurring the cost and administrative burden of bringing these functions in-house. The company’s 100+ IT technicians are able to fully remotely manage things like a client’s networks, devices, security, applications, onboarding/offboarding, and data monitoring. Employees are able to reach an IT expert within 10 minutes to handle their inquiries using popular chat communication platforms like Slack or Teams. Electric now provides support for over 700 businesses that comprise 40,000+ employees. The company has more than doubled its ARR in the last year, acquired two businesses, and expanded the team to ~450 employees. AlleyWatch caught up with Electric CEO and Founder Ryan Denehy to learn more about the company’s growth, traction, strategic plans, latest funding round from investors that include GGV Capital, Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners, and Slack.
Clyde Raises Another $25M for its Extended Warranty Platform That Strengthens Relationships Between Merchants and Customers
COVID has changed online shopping forever as consumer preferences have shifted and the convenience of quick delivery without leaving home has surpassed the in-store experience altogether. Retailers have been forced to re-evaluate the framework of their offerings and deepen their relationships with customers through digital offerings. Clyde is a provider of extended warranties that integrates directly with the checkout processes of e-commerce merchants, giving consumers a seamless and convenient way to protect their purchases while retailers are able to add incremental revenue to their online sales. Clyde works with all the major e-commerce platforms through plug-and-play integration and also offers a flexible API option for custom integrations. On the backend, merchants can monitor the entire warranty program including performance, claim status, and customer information while Clyde handles the entire claims experience. Merchants using the platform are able to increase the warranty purchase rate to 18% from the industry average of 4%. AlleyWatch caught up with CEO and Founder Brandon Gell to learn more about the AHA moment that led to the formation of Clyde, the importance of building customer loyalty in the digital commerce era, the company’s strategic plans, latest funding round from investors that include Headline, Vulcan, Spark Capital, and Crosslink.
The AlleyWatch Startup Daily Funding Report: 10/19/2021
4 new rounds totaling $150M+. Two exclusives. All rounds raised by solo founders; it can be done! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/19/2021 featuring funding details for Electric, Clyde, and much more.
Chapter Raises $17M to Allow Americans to Navigate the Endless Medicare Plan Options
The open enrollment period for Medicare started on Friday, October 15th and will continue through early December. For the 60M+ Americans, this is a critial period where they can make changes to and add/drop coverage. For most Americans, navigating the 24,000+ options available is a difficult and arduous process without help. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about the inspiration for the business, the company’s future plans, and latest round of funding from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.