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 ending 12/15 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Kindur, InVision, Stadium, Goods, Vroom, and much more…
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Online auto retailer Vroom has raised $146M in funding. Read the full story here: Vroom Raises Another $146M For Its End-to-End Experience for Buying and Selling Used Cars
We also chatted with Michael Farello of L Catterton to discuss three key reasons the firm invested in Vroom.
Harness Wealth, the wealth management platform for individuals with at least $250K in investable assets, has raised $4M in Seed funding from investors that include Bain Capital Ventures, Sinai Ventures, Torch Capital, firstminute Capital, L2 Ventures, Red Swan Ventures, Marc Benioff, Edith Cooper, Ori Allon Umang Dua, Oisin Hanrahan, Josh Wolfe, and Marco DeMeireles. Harness Wealth was founded by David Snider (Bain Capital Ventures and Compass), Katie Prentke English, and Drew Schwartz (ShopKeep and Hometeam) in April of 2018.
The service that automates pay workflows, Yaypay, raised $8.4M in funding led by Information Venture Partners and other participants such as: Runway Venture Partners, Gaingels, Fifth Third Capital, Birchmere Ventures, QED Investors, and 500 Startups. Yaypay was founded by Anthony Venus, Eugene Vyborov, and Saul Frank, and it has now raised a total of $13.8M across four rounds.
Kindur, the financial wellness platform for baby boomers, has raised $9M in Series A funding from investors that include Anthemis Group, Clocktower Technology Ventures, Point72 Ventures, and Anthemis Exponential Ventures. Founded by Rhian Horgan in 2017, Kindur has now raised a total of $10.3M over two rounds.
Soho-based Stadium Goods, the leading premier sneaker and streetwear multi-channel marketplace, has been acquired by London-based, publicly traded Farfetch, the luxury fashion platform in a deal with an enterprise value of $250M in a combination of stock and cash.
Design collaboration platform Invision has raised $115M in Series G funding from investors that include Spark Capital, Goldman Sachs, Battery Ventures, ICONIQ Capital, Atlassian, Tiger Global Management, FirstMark, and Geodesic Capital. Founded by Ben Nadel and Clark Valberg in 2011, Invision has now raised a total of $350.2M in funding over seven rounds.
Indoor farming startup Bowery Farming has raised $90M in funding from investors that include GV (formerly Google Ventures), Temasek, Almanac Ventures, General Catalyst, GGV Capital, and First Round Capital. Founded by Brian Falther, David Golden, and Irving Fain in 2015, Bowery Farming has now raised a total of $121M in funding over four rounds.
The software built to help low-income Americans manage food stamps, Propel, just raised $12.8M in a Series A round led by Nyca Partners. The other participants of this round include Thirty Five Ventures, Alexa von Tabel (CEO of LearnVest), Andreessen Horowitz, Kleiner Perkins, and Omidyar Network. Propel has now raised a total of $18.2M across four rounds.
Hometeam, the senior-focused provider of “connected caregivers”, has raised $11.4M in funding according to a recent SEC filing. The filing indicates that there were twenty-nine participants in the round. This is the first round of funding since the company’s ouster of CEO and Founder Josh Bruno earlier this year. The total filing is for $26.4M with another $15M to go. There were six participants in this close. Hometeam has now raised a total of $55M in funding since its founding in 2013.
According to a recent SEC filing, Bison Trails Hosting, has raised an additional $5.25M in funding. The filing lists Joseph Lallouz and Aaron Henshaw, the founders of Grand St (acquired by Etsy) as Directors. Nicholas Chirls of Notation Capital is also listed as a Director. The filing indicates that there were 13 participants in the round. We previously reported back in September that the company had raised a separate $1.8M in funding.
According to a recent SEC filing, Clause, the platform that allows real-time data from APIs to be integrated into contacts, has raised an additional $4.25M in funding. The filing indicates that there were six participants in the round and the total offering is for $5M. Founded by Houman Shadab and Peter Hunn in 2015, Clause had previously raised $793k in funding in 2017. Investors in previous rounds include Seedcamp and Nextlaw Labs.
Mental Canvas is the software company that fills the gap between 2D drawings and 3D renderings. It raised $2M in a Venture round led by M12.
Critical Mention, a media mention monitoring platform, has raised $1.9M in funding according to a recent SEC filing. The filing indicates that there were twenty-nine participants in the round.
Grafana, the time series open analytics platform, has raised $1.23M in funding according to a recent SEC filing. Grafana was founded by Raj Dutt (founded and exited Voxel) in 2014 and was previously known as Raintank. The filing indicates that there were six participants in the round and the total offering is for $2.5M. In addition to Dutt, the filing also lists Anthony Woods and Torkel Odegaard as Executives and Directors.
According to recent SEC filing, mapping data service Mapfit, has raised an additional $400K in funding in the form of a SAFE note. Mapfit was founded in 2015 by Emily Wrobel, Phillip Zakas, and Yonis Benitez.