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 4/13 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Tabs, Alaffia Health, TradeAlgo, and much, much more.
Monad – $225M
Monad, a high-throughput blockchain protocol, has raised $225M in Venture funding led by Paradigm. Founded by Eunice Giarta, James Hunsaker, and Keone Hon in 2022, Monad has now raised a total of $244M in reported equity funding.
Grow Therapy – $88M
Grow Therapy, an integrated mental telehealth platform that connects providers, patients, and payors, has raised $88M in Series C funding led by Sequoia Capital. Founded by Alan Ni and Jake Cooper in 2020, Grow Therapy has now raised a total of $148M in reported equity funding.
Oden Technologies – $28.5M
Oden Technologies, an AI and data platform for the manufacturing industry, has raised $28.5M in Series B funding led by Nordstjernan Growth. Founded by Peter Brand and Willem Sundblad in 2014, Oden Technologies has now raised a total of $58.7M in reported equity funding.
Alaffia Health – $10.9M
Alaffia Health, an automated healthcare claims review platform, has raised $10.9M in funding according to a recent SEC filing. The filing indicates that the round comes from nine investors. Founded by Adun Akanni and TJ Ademiluyi in 2020, Alaffia Health has now raised a total of $17.5M in reported equity funding.
Summer – $9M
Summer, a workplace student loan benefits platform, has raised $9M in additional funding led by SemperVirens Venture Capital and Rebalance Capital. Founded by Paul Joo, Vincent Tran, and Will Sealy in 2017, Summer has now raised a total of $29.1M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Summer Raises $9M to Make Student Loan Assistance From Employers a Workplace Benefit
Bite – $9M
Bite, a provider of digital kiosk ordering solutions for restaurants, has raised $9M in Series A funding led by Staley Capital. Founded by Etkin Tekin, Jeff Hong, Stas Nikiforov, and Steve Truong in 2015, Bite has now raised a total of $19.5M in reported equity funding.
Clerq – $7.7M
Clerq, a low-cost business payments platform, has raised $7.7M in funding according to a recent SEC filing. The filing indicates that the round comes from fifteen investors and lists Adam Mark from Firstmark as a Director. Clerq was founded by Ben Markowitz, Truett Dwyer, and Anuj Bhatt in 2022.
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Tabs – $7M
Tabs, an AI-powered accountables receivable platform, has raised $7M in Seed funding led by Lightspeed Venture Partners. Founded by Ali Hussain, Rebecca Schwartz, and Deepak Bapat in 2023, Tabs has now raised a total of $12M in reported equity funding.
Beam – $4.6M
Beam, a college financial assistance administration platform, has raised $4.6M in funding according to a recent SEC filing. The filing indicates that the round is structured as a convertible note, the total offering is for $6M, and there were seven investors in this close. Founded by David Helene in 2016, Beam has now raised a total of $15M in reported equity funding.
ChalkTalk – $2.6M
ChalkTalk, a platform for teachers to build personalized learning courses for their students, has raised $2.6M in funding according to a recent SEC filing. The filing indicates that the round comes from twenty-four investors. ChalkTalk was founded by Mohannad Arbaji in 2019.
Protiv – $2.4M
Protiv, an incentive platform for hourly workers in the construction industry that aligns worker incentives with project success, has raised $2.4M in Pre-Seed funding led by Lightbank. Protiv was founded by Michael Fortinberry and David Franco in 2020.
SuperIntelligent – $2M
SuperIntelligent, a video lessons platform for learning AI, has raised $2M in Pre-Seed funding led by Learn Capital. SuperIntelligent was founded by Nathaniel Whittemore in 2023.
TradeAlgo – $1.65M
TradeAlgo, a an AI-powered trading assistant for retail traders, has raised $1.65M in funding according to a recent SEC filing. The filing indicates that the total offering is for $15M and there were thirty-nine investors in this close. Founded by Jon Stone in 2021, TradeAlgo has now raised a total of $5.2M in reported equity funding.
Adro – $1.5M
Adro, a financial services platforms for those new to the United States without established credit histories, has raised $1.5M in Pre-Seed funding led by Era. Adro was founded by Amarildo Gjondrekaj in 2023. AlleyWatch broke the news in an exclusive covering the round and much more – Adro Raises $1.5M to Bring Comprehensive Financial Services to International Students
