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The AlleyWatch Startup Daily Funding Report: 5/15/2025

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/15/2025 featuring funding details for Blank Street, Cartwheel, and much more. This page will be updated throughout the day to reflect any new fundings.

Blank Street – $21M

COFFEE

Blank Street, the modern neighborhood coffee chain, has raised $21M in funding according to a recent SEC filing. The filing indicates that the total offering is for $25M and there were ten investors in this close. Founded by Issam Freiha and Vinay Menda in 2020, Blank Street has now raised a total of $134.8M in reported equity funding.

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Cartwheel – $10M

AI ANIMATION

Cartwheel, an AI-powered animation platform that allows you to create professional animations through simple prompts, has raised $10M in Venture funding led by Craft Ventures. Founded by Jonathan Jarvis and Andrew Carr in 2023, Cartwheel has now raised a total of $15.6M in reported equity funding.


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Tags: Andrew CarrBlank StreetCartwheelCraft VenturesIssam FreihaJonathan JarvisVinay Menda
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