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 7/29/18 to 8/4/18 including the NYC startup fundings, NYC startup exits, and NYC Tech events.
Fitness company Peloton has raised a whopping $550M in Series F funding from investors that include Kleiner Perkins Caufield & Byers, True Ventures, TCV, Tiger Global Management, Wellington Management, Fidelity Management and Research Company, Felix Capital, NBCUniversal, Balyasny Asset Management, and Winslow Capital. Peloton was founded by Graham Stanton, John Foley, Tom Cortese, and Yony Feng in 2012 and has now raised a total of $994.7M in funding over eight rounds.
HR Platform Namely has raised $60M in funding led by GGV Capital. Also participating in the round were Sequoia Capital, Matrix Partners, and True Ventures. Namely, founded by ousted CEO Matt Straz in 2012, has now raised a total of $217.8M in funding over eleven funding rounds.
Simon Data, the end-to-end customer data platform for marketing, has raised $20M in Series B funding from investors that include Polaris Ventures, .406 Ventures, F-Prime Ventures, and Commerce Ventures. Founded by Jason Davis, Joshua Neckes, and Matt Walker in 2013, Simon Data has now raised a total of $32M in funding over five funding rounds.
Full coverage of Simon’s Series B funding.
We took a look at the state of venture capital and angel funding during the month of July in New York. Analyzing some publicly available data from our friends at CrunchBase, we break down the aggregate statistics for all funding deals by stage of funding (Seed, Series A, Series B, and Series C+) including mention of notable rounds.
Phosphorus, the clinical data network to better understand and harness the human genome, has raised an additional $10.5M in funding according to a recent SEC filing using a combination of debt and equity. The company had previously raised $10M in funding in 2016 led by Firstmark Capital.
We sat down with Caitlin Strandberg, Principal at Lerer Hippeau, the most active seed stage fund in NYC in Inside the Mind of an NYC VC
Read the full interview Inside the Mind of a NYC VC: Caitlin Strandberg of Lerer Hippeau
Troops, the Salesforce automation platform integrated with Slack, has raised an additional $7.6M in funding according to a recent SEC filing. Founded by Dan Reich, Greg Ratner, and Scott Britton in 2015, Troops has now raised a total of $17.3M in funding over three funding rounds.
We took a look at the 10 largest NYC Startup funding rounds in New York during the month of July.
Procurement platform Negotiatus has secured $4.6M in Seed funding from investors that include Social Capital, Global Founders Capital, Entrepreneurs Roundtable Accelerator, 645 Ventures, Green Visor Capital, A-Level Capital, TJNS Capital, Robert Johnston, SummitVision Capital, and John Nisi. The company was founded by Thomas Jaklitsch and Zachary Garippa in 2016.
Direct-to-consumer tampon subscription service Athena Club has raised $3.8M in Seed funding from investors that include from investors including Henry Kravis of KKR, Philippe Laffont of Coatue Management, Cue Ball Capital, and Desmarais Group.
Full coverage of Athena Club’s Seed Funding.
We examined the latest news from venture capital firms in NYC for the second half of July 2018.
Willow, the direct-to-consumer brand offering incontinence underwear, has raised $2.5M in Seed funding from investors that include Founders Fund, Wildcat Capital Management, Two River, Oscar Salazar, Brian Levy, and FirstMark Capital. Willow was founded by William Herlands earlier in this year.
Direct-to-consumer paint startup Clare has raised $2M in Seed funding from investors that include First Round Capital, Imaginary Ventures, Brooklyn Bridge Ventures, Bullish, Able Partners, Neil Parikh, Luke Sherwin, Jeff Raider, Andy Katz-Mayfield. Clare was founded by interior designer Nicole Gibbons in 2017.
According to a recent SEC filing, Datagran, the AI-powered platform for synthesizing marketing data, has raised $2.35M in funding. The filing indicates that there were 10 participants in the round. Datagran was founded by Carlos Mendez Solano, Juan Manuel Hayek, and Necati Demir in 2016.
Focused on bringing wellness to universities, Rah Rah Health has raised $1.8M in funding. Rah Rah Health was founded by Cooper Jones, a former consultant.
Brooklyn-based Fora, the makers of dairy-free food using aquafaba, has raised $1.4M in Seed funding led by New Crop Capital. This is the first reported round of funding for Fora, which was founded by Aidan Altman and Andrew McClure in 2017.
The personalized recruiting platform Altru raised $1.3M in Series A funding led by Birchmere Ventures. Founded in 2017 by Alykhan Rehmatullah and Vincent Polidoro, this recruiting platform has raised a total of $1.4M over two funding rounds.
Esusu Financial is a mobile platform designed to encourage communal financial saving and building credit. It was founded in 2016 by Abbey Wemimo, Robert Henning, and Samir Goel, and it recently raised $400K in a Seed round that was led by Sinai Ventures.
Full coverage of Esusu’s Pre Seed funding
Blueprint Power, the technology-driven energy solution for buildings and real estate applications that was founded by Robyn Beavers, has raised an additional $3.5M in funding.