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 News this week including the fundings, exits, and events.
ViewLift, the end to end content distribution platform, has announced a Venture round of $8M from investors New Enterprise Associates, Revolution LLC, Robert Hisaoka, Ted Leonsis, Clark Ventures and Weekapaug Partners. This was the company’s first round of funding.
BUILD:NYC launched in NYC earlier this week with a cocktail fundraiser at Avenue. BUILD is a non-profit organizations that supports entrepreneurship among disadvantaged students through various types programming at public schools. Focused on giving students real life relevant skills to ensure they are motivated to graduate high school and pursue secondary education, the NYC outpost of the national organization will help over 500 students this year in NYC alone. The evening honored NYC entrepreneur and business magnate Kevin Ryan who keynoted the event. Also in attendance were Brian S. Cohen, who is a national Board Member of BUILD, Red Sea Ventures founder Scott Birnbaum, and Gary Vaynerchuk.
Eloquii, the contemporary women fashion company designed for sizes 14-24, has raised $15M in Series B funding led by Action Capital Partners, with support from Grace Beauty Capital. CEO Mariah Chase has brought in $21M over 3 rounds.
Our friends at VentureCrush held their annual one day gathering in NYC at Cipriani which featured Kara Swisher and Former US Surgeon General Regina Benjamin, bringing together some of the sharpest minds in technology. The day then moved onto a series of though provoking roundtable discussions, touching on a number of relevant topics to the NYC Tech community.
We were delighted to attend a discussion on the outlook for LPs when considering venture funds which provided an interesting perspective on the considerations on fund selection by limited partners and the criterion when evaluating investments. The discussion also provided additional insights on the dynamics of the general partner and limited partner relationship as the discussion included limited partners Beezer Clarkson of Sapphire Ventures and Chris Douvos of Venture Investment Associates and general partners in VC firms including Andy Weissman of Union Square Ventures and Charlie O’Donnell of Brooklyn Bridge Ventures.
TWIP (Travel With Interesting People), the company that pairs up travellers, raised a Seed round for founder and CEO Lauren Koenig’s second round of funding.
Earlier this week, we took a look at the startups in NYC that raised the most amount of capital during the first quarter of 2016 – These are the 10 NYC Startups That Raised the Most Amount of Capital Q1
Homemade, the platform that allows buying and selling of homemade foods, has raised a Seed funding of $2.3M from Tom Williams, Suren Markosian, Huck Finn Fund, Greg Martin, Ken Keller, Wayne Chang, Kevin Hartz, Dan Rose, Maven Ventures Growth Labs, Slow Ventures, Scrum Ventures, Maveron LLC, XG Ventures, David Wu, Rostrum Capital, Third Kind Venture Capital and Maveron. We’ll be sitting down with the Homemade team later in the week to discuss the funding and you’ll be able to read about it here.
The Japanese and NYC tech ecosystems converged this week at the If Conference for a day of educational discussion and knowledge sharing – This is What Happened When the Japanese and NYC Tech Ecosystems Came Together
Pave, the company that loans to millennials, has raised $8M in a Series A funding led by Maxfield Capital. The company had just raised a $300M Venture round last December.
MediQuire, the health IT company serving the Medicaid population, has raised a Series A round for an undisclosed amount led by FCA Venture Partners with further help from Blueprint Health and Volcano Capital. This is founder Omar Malik’s first round of funding for the company.
Project September, the app that lets you click on fashion stars’ clothing in order to purchase, has raised an undisclosed amount from investors that include F3 Ventures, BBG Ventures, WME Ventures, Greylock Partners, Montage Ventures, First Round, and Venrock.
Eligible, the API for medical eligibility, has announced a $25.2M Angel round of funding from undisclosed investors. This is the second round for founders Katelyn Gleason, Patrice Krakow and James Schuler.
DigitalGenius, the human and AI customer service team, has raised a Convertible Note round of $4.1M from investors RRE Ventures, Metamorphic Ventures, Lowercase Capital, Lerer Hippeau Ventures, Novel TMT Ventures, Singularity Investments, Spider Capital Partners, Bloomberg Beta and Salesforce Ventures. We’ll be sitting down with the DigitalGenius team later in the week to discuss the funding and you’ll be able to read about it here.
Quartet Health, the company improving the behavioral medical field, has raised $40M in Series B funding led by GV with support from F-Prime Capital Partners, Polaris Partners and Oak HC/FT. Founders Steve Shulman and Arun Gupta have now raised $47M over 2 rounds.