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 the things that you may have missed in NYC Tech News for the week ending 5/23 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Electric, BetterCloud, Chief, and much more…
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The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
BetterCloud, the remote management and security policy platform for enterprise SaaS, has raised $75M in funding from investors that include Warburg Pincus, Accel, Bain Capital Ventures, Flybridge Capital Partners, New Amsterdam Growth Capital, Greycroft, and e.ventures. Founded by David Politis in 2011, BetterCloud has now raised a total of $186.9M in reported equity funding. AlleyWatch, in 2018, covered BetterCloud’s Series E round.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
MakeSpace, the online storage solution, has raised $45M in Series E funding from investors that include Upfront Ventures, 8VC, CX Collective, Iron Mountain, Maywic Select Investments, Ten Eighty Capital, and Provenio Capital. This financing was alongside an additional $10M debt financing. Founded by Adam LeVasseur, Rahul Gandhi, and Sam Rosen in 2013, MakeSpace has now raised a total of $132.6M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
While it’s irrefutable that NYC startup investment activity has slowed as a result of the global pandemic, there are terms sheets still being sent and checks that are being written. Our friends at Eniac Ventures hosted a virtual panel with some of NYC’s prominent Seed-stage investors to discuss a variety of topics across the early-stage funding spectrum in the wake of COVID19.
Read the full story – NYC Seed Investors Offer Advice to Founders on the Investment Landscape During the Pandemic
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Spruce Holdings, the online platform for title and escrow service for the real estate industry, has raised $29M in Series B funding from investors that include Bessemer Venture Partners, Scale Venture Partners, and Zigg Capital. Founded by Andrew Weisgall and Patrick Burns in 2016, Spruce Holdings has now raised $50.1M in total reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Chief, the private professional network to support women leaders, has raised $15M in venture funding from investors that include General Catalyst, GGV Capital, and . Founded by Carolyn Childers and Lindsay Kaplan in 2018, Chief has now raised a total of $40M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Video conferencing software platform Zoom has agreed to acquire Keybase, the New York-based end-to-end-encrypted messaging and file-sharing platform built on advanced cryptography – Zoom Acquires Keybase to Beef up Security on its Platform
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Statespace is the cognitive science and AI platform that helps gamers improve their skillset. Statespace raised $15M in Series A funding led by Khosla Ventures. Earlier investors FirstMark Capital, Lux Capital and Expa joined the round, along with June Fund. The total funding amount for Statespace is $19.5M across three rounds. Statespace was founded in 2017 by Wayne Mackey and Jay Fuller.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Code Climate, the automated code review service for engineering intelligence, has raised $8.5M in Series B funding led by Foundry Group with participation from Union Square Ventures, , , and Trinity Ventures. Founded by Bryan Helmkamp and Noah Davis in 2011, Code Climate has now raised a total of $15M in total reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
AdvisorEngine, the digital wealth management platform for financial advisors, has been acquired by Franklin Templeton, the global investment management firm founded in New York in 1947 – AdvisorEngine Acquired by Franklin Templeton
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
FireHydrant, the crisis and recovery response solution for IT issues, has raised $8M in Series A funding from Menlo Ventures and Work-Bench. This brings the total funding amount to $9.5M across two rounds. FireHydrant was founded by Robert Ross in 2018.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Electric, the IT support solution for small businesses, has added an additional Series B extension totaling $7M from 01 Advisors and the Slack Fund as COVID-19 forces companies to consider their remote support options for their workforces. This extension brings the total Series B funding amount to $46.5M. Founded by Ryan Denehy in 2016, Electric has now raised a total of $58.8M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Wellthy, the tech solutions platform for managing chronic and elder care, has raised $5.6M in funding according to a recent SEC filing funding. The filing that there were fifteen participants in the round. Investors in previous rounds include FJ Labs, AGO Partners, HBS Alumni Angels, Sweet Capital, HearstLab, and Jonathan Bush. Founded by Kevin Roche and Lindsay Jurist-Rosner in 2014, Wellthy has now raised a total of $15.3M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Fakespot, the platform for detecting fake reviews online for sites like Amazon, Best Buy, and Yelp has raised $1.745M in funding according to a recent SEC filing funding. The filing that there were six investors in the round. Investors in previous rounds include SRI Capital and Faith Capital. Founded by Saoud Khalifah in 2016, Fakespot has now raised a total of $3M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Gablex, the AI and NLP-powered voice technology platform to improve customer experience, has raised $275K in funding according to a recent SEC filing funding. The filing indicates that the total offering is for $750K and that there were two investors in this close. The company is a graduate of Techstars NYC Accelerator’s 2019 class. Gablex was founded by Alex Sambvani (Spotify, Harvard MBA, Stanford Engineering) and Gabe Duncan in 2019.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.