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 for the week of 7/15/18 to 7/22/18 including the NYC startup fundings, NYC startup exits, and NYC Tech events.
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According to a recent SEC filing, Current, the, has raised an additional $2.8M in funding in what appears to be a bridge round. Current was founded by Stuart Sopp in 2015 and previously raised $9.6M in funding. Investors in previous rounds include QED Investors, Arab Angel Fund, Edward Lando, Cota Capital, Future Perfect Ventures, Expa, Fifth Third Capital, and Human Ventures.
AI-Powered Marketing Intelligence Platform Dataroma has been acquired by Salesforce.
Read the full story: Marketing Intelligence Platform Datorama Acquired by Salesforce for More Than $800M
CyberMDX, the cyber-security platform focused on safeguarding medical data, has raised $10M in Series A funding led by Pitango Venture Capital. CyberMDX was founded by Amir Magner and Moti Shniberg in 2017.
Read the full story: This NYC Startup Just Raised to $10M to Fight The Inevitable Rise of Medical Hackers
Insight Venture Partners has announced the close of its FundX at $6.3B. Insight now has over $23B under management. Founded in 1995 by Jeff Horing and Jerry Murdock, Insight has over 150 portfolio companies with over 40 IPOS. Some notable companies in the portfolio that have exited include Twitter, HelloFresh, Cvent, Delivery Hero, Tumblr Inc., Yext, Wix, Shopify, Path, Moat, Buddy Media, Shutterstock, and Paisley.
Community-based savings app Esusu has raised $250K in funding led by Sinai Ventures. This is the first reported round of funding for Esusu, which was founded by Abbey Wemimo, Robert Henning, and Samir Goel in 2016.
Greycroft has announced the close of Fund V at $250M. Greycroft now has over $1.3B under management. Founded in 2006 by Alan Patricof, Dana Settle, and Ian Sigalow, Greycroft has over 250 portfolio companies. Some notable companies in the portfolio that have exited include Venmo, Blue Apron, Shipt, Braintree, Vettery, Plated, Buddy Media, Klout, Maker Studios, Elite Daily, Floored, and HuffPost.
EyeView is the video advertising tech company that makes brands content personal and effective in retaining and attracting customers. Founded in 2007 by Gal Barnea, Oren Harnevo, Tal Riesenfeld, and Yaniv Nizan, it has raised $20M in capital from Innovation Endeavors, Gemini Israel Ventures, Nauta Capital, Qumra Capital, and Israel Secondary Fund. This is the seventh round of funding for the company that has now raised a total of $76.9M.
Abacus, the real-time expense reporting and management solution, has been acquired by Portland, ME-based Certify Group.
Read the full story: Expense Management Platform Abacus Acquired by Certify
K Health is the free primary care app that provides users with personalized health info. It raised $12M in financing, from Mangrove Capital Partners, Primary Venture Partners, Lerer Hippeau, Comcast Ventures, BoxGroup, Max Ventures, and Bessemer Venture Partners.
MatchaBar is the tea company founded by Graham Fortgang and Max Fortgang. This family-owned business raised $8M in Series A funding to bring high-quality matcha to the masses. This round was led by both Ansel Elgort and Von Miller.
Perch Interactive, the providers of in-store display technology, has raised an additional $1.7M in funding from investors that include Corigin Ventures and The Visuality Corporation. Founded by Jared Schiffman in 2012, Perch has now raised a total of $3.2M in funding.
Centivo, the new self-funded health plan focused on improving outcomes to manage cost, has raised $34M in Series A funding from investors that include Bessemer Venture Partners, Bain Capital Ventures, F-Prime Capital Partners, Maverick Ventures, Rand Capital, Oxeon Partners, Ingleside Investors, Kevin Hill, and Kenneth Goulet. Centivo was founded by Alan Cohen, Ashok Subramanian, Boris Khomut, Jordan Silvergleid, Ruth Berkowitz, Stuart Roth, and Tahasin Alam in 2017.
A new fund, named “The Fund“, to support NYC entrepreneurs has announced the close of its first fund. Founded by Matthew Brimer, Jenny Fielding, Adam Carver, and Katie Hunt in 2017, The Fund’s inaugural fund of $2.8M is backed by over 70 of NYC’s startup founders and operators. The Fund will write checks ranging from $50-$250K
Spruce, the real estate tech startup focused on streamlining title insurance and escrow founded by Andrew Weisgall and Patrick Burns in 2016, has raised $15.6M in additional funding according to a recent SEC filing. The filing indicates that there were 8 parties involved in the round. Investors in previous rounds include Bessemer Venture Partners, Omidyar Network, Collaborative Fund, MetaProp NYC, Notation Capital, Third Prime, Joe Ziemer, Jon Stein, Boris Khentov, and Mike Reust.
SPARK Neuro, the measurement platform for audience engagement that uses neuroscience founded by Spencer Gerrol in 2016, has raised $13.M in funding according to a recent SEC filing. The filing indicates that there were 26 participants in the round.
Pypestream, the enterprise level messaging and chat platform for customer engagement, has raised $10M in additional funding according to a recent SEC filing. Founded in 2015, by Richard Smullen, Pypestream has now raised a total of $32M in funding over five funding rounds.