With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of a few of things that you may have missed in NYC Tech this week including the fundings, exits, and events.
We produced a comprehensive guide to all the venture capital firms in NYC. You can view it here.
Rethink, maker of web-based learning and care management tools offering parents and professionals immediate access to effective and affordable Applied Behavior Analysis-based treatment tools for the growing population of children affected by autism and other behavioral health disorders, has raised $10 million in Series C funding co-led by Beringea and Arboretum Ventures.
Adtech company AppNexus has secured a $60 million investment, courtesy of a Boston-based public equity and asset management firm, and this latest funding round brings the company’s valuation to $1.2 billion. AppNexus is also in discussions to raise an additional $40 million from other investors, it said.
AppNexus provides technology that allows publishers and advertisers to buy and sell digital ad inventory through ‘real-time bidding,’ both via desktop and mobile. 30 billion such ads are auctioned and sold across the platform each day.
Our team shined a spotlight on some of the people who are changing advertising in NYC. You can view the complete list here.
Shlomo Silber of NYC coworking space, Cowork|rs completes the ALS ice bucket challenge in what is believed to be the first occurrence indoors, during a meeting, and in the confines of a NYC coworking space.
Video credit: VisualHouse
Transactis, a leading provider of electronic billing and payment software for top corporations and agencies, has raised $11 million in Series D funding led by Safeguard Scientifics. Earlier investors StarVest Partners, along with senior management, also participated in the round.
OKpanda, whose English learning platform largely targets the Asian market, has raised $1.6 million in seed funding – and that’s just awesome, no matter how you say it. Resolute Ventures led the round, joined by East Ventures, Beenos and previous investors Innovation Endeavors, Kapor Capital, 500 Startups, et al.
Seems like only yesterday that Tutum graduated from TechstarsNYC. Ok it was maybe 2.7 months ago – and the company has announced that they’ve just raised $2.7 million in funding from Kirill Sheynman (RTP Ventures) et al.
Tutum is a container virtualization technology and platform based on Docker containers that allows you to run your apps in the cloud, using just one command, scale in seconds, and crash-recovery is built in, so no down time.
Hightower, whose software platform allows commercial real estate owners and their brokers to collaborate on deals in real time, has raised $6.5 million in Series A funding led by Bessemer Venture Partners and Joshua Kushner’s Thrive Capital. Earlier investors, including RRE Ventures, Red Swan Ventures and David Tisch, also participated in the round.
FeeX, a service that helps users find and reduce hidden fees in their IRA savings accounts, has raised $6.5 million in Series B funding from Blumberg Capital and Horizons Ventures.
The company was founded in 2012 by Yoav Zurel, David Weisz, and Uri Levine (the founder of Waze, the navigation app that was acquired last year by Google for $966 million).