Everyone is back and the investors are writing checks edition…
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.
Fantasy sports are the real deal, if FanDuel is any indication. Thereal-money fantasy sports site has raised its $70 million Series D funding round, led by Shamrock Capital Advisors, with NBC Sports Ventures and private equity firm Kohlberg Kravis Roberts participating, along withearlier investors Bullpen Capital, Pentech Ventures and Comcast Ventures.
FanDuel has grown to be the market leader in the one-day fantasy sports industry. It now pays out over $10 million in prize money every week.
With FashionWeek here, we took a look at some of the amazing NYC people that are bringing fashion into the digital realm. You can see the full article here – 12 Amazing People You Need to Know in New York Fashion Tech
Our friends at AlleyNYC, hosted the legendary Steve Forbes, chairman and editor in chief of Forbes.
Image credit: Varun Khona via Twitter
Cord, a new Brooklyn-based voice communication app that makes it easy to send a quick voice message via one tap chat, has raised $1.8 million in seed funding. Metamorphic Ventures led the round, along with Google Ventures, Slow Ventures, Gary Vaynerchuk, Lerer Hippeau Ventures, Greycroft, Melo7 Tech Partners, Ricky Van Veen, and Xavier Niel.
IEX, the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices, has raised $75 million funding from Spark Capital, Bain Capital Ventures, Massachusetts Mutual Life Insurance, Franklin Templeton, Netscape co-founder James Clark, and casino magnate Steve Wynn. It was one of the largest funding rounds in NY tech history.
With the huge fundings this week, took a look at the 20 largest fundings across all rounds in NYC history. It happened to be that 2 of these fundings were announced on the day we published this article. You can see all the rounds here – 20 Largest Funding Rounds in NYC History
xAd, the mobile real-time bidding ad platform, has raised $50 million in equity and debt funding from investors including Institutional Venture Partners, Emergence Capital, Softbank Capital, and Silicon Valley Bank.
New York’s favorite Vice – Vice Media, that is, the Brooklyn-based news and entertainment company, has raised $250 million from Technology Crossover Ventures, following on the heels of having just raised $250 million in funding from A&E Networks, the television group owned by Hearst and Disney.