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The Pulse of New York Tech

The AlleyWatch NYC Startup Daily Funding Report: 11/27/18

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The latest venture capital, seed, and angel deals for NYC startups for 11/27/18 featuring funding details for Clyde, quip, and Flash Equity. This page will be updated throughout the day to reflect any new fundings.

Clyde
$3M


Clyde, the provider of turnkey extended warranty solutions for retailers, has raised an additional $3M in funding led by Red Sea Ventures with participation from RRE, Expa, Starting Line, and Rainfall Ventures. Clyde was founded by Brandon Gell, Josh Scaglione, and Nick Scaglione in the fall of 2017 and is a 2018 participant in Techstars Chicago.
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quip
~$20M

Direct-to-consumer oral health care company quip has raised an additional ~$20M in equity funding bringing its total equity funding to $~32.2M. quip was founded by Bill May and Simon Enever in 2014. The approximations are necessary here because apparently the company does not wish to disclose the exact breakdown of this funding which included a mix of equity and debt and was said to be ~50/50 on a $40M announcement. One day, founders and their PR firms will not choose to mislead the public by commingling debt and equity but until then, we'll all have to stick to approximations.
Flash Equity
$750K


According to a recent SEC filing, Flash Equity has raised $750K in funding from five investors. The filing indicates that the total offering amount is for $2M. The filing lists Andrew Perlman (serial entrepreneur) and Matthew Sechrest (former Head of Corporate Development at eTrade) as Directors and Executives.