The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/14/2021 featuring funding details for Nestig, Selfbook, and much more.
Funded in the Alley
The evolution of a successful company involves a typical storyline that goes from the founding team focusing on product and growth at the earliest stages to the founders’ roles transitioning to storytelling and finding, engaging, and retaining the right talent after product-market-fit is established. Initially, with a small team, it’s more manageable for management to understand employee capabilities, motivation, and how these align with the company’s goals long-term and short. ChartHop is an organizational management platform that provides unprecedented and automated insight into a company’s talent pool at a holistic level, enabling companies to effectively manage, understand, and visualize the organizational structure as they scale. The platform integrates with a growing number of HR data providers to seamlessly enable organizational decision-making for things like tying compensation directly to performance data or tracking the effectiveness of DE&I (Diversity, Equity, and Inclusion) efforts. The company now has 130+ corporate customers and has grown revenue 500% over the last year, attracting its third round of funding in the last 18 months.AlleyWatch caught up with CEO, Founder, and serial entrepreneur Ian White to learn more about how ChartHop has built the ultimate people analytics platform, the company’s strategic plans, and latest round of funding from investors that include ChartHop raised a $35M Series B round. The round was led by Andreessen Horowitz and joined by Elad Gil, and previous investors Cowboy Ventures and SemperVirens.
Businesses spent $187B on big data and analytics in 2019. The amount of data subject to data analysis will grow to 5.2 zettabytes (1 zettabyte = 1 trillion gigabytes) by 2025. Data-driven businesses are expected to take $1.8T annually from organizations that are less reliant on data. Organizations need to integrate data into their operations to remain competitive and drive intelligent decision-making. But how do you figure out what second and third-party data to use? Nomad Data, a search engine for data sets, makes answering this very query a seamless process through automation. Prior to Nomad Data, seeking out data providers to fulfill your data requirements was inefficient and extremely time-consuming with the possibility that there may be questions about the data’s quality. AlleyWatch caught up with CEO and Founder Brad Schneider to learn more about how Nomad flips the data market to the end-user from the data provider, the company’s strategic plans, and recent round of funding from investors that include Bloomberg Beta, Alumni Ventures, Great Oaks Ventures, Correlation Ventures, DataFrame Ventures, and a number of data-industry expert angel investors.
$114M in new capital raised across 8 deals including 5 fundings you will not read about anywhere else. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/11/2021 featuring funding details for Framework, Nirvana Health, and much more.
Transcription is one of the many areas where technology has impacted the future of work. First, global outsourcing sent transcription work to countries with language proficiency and low-cost wages. Now, deep-learning technologies such as AI and natural language processing are bringing automation to the industry. Verbit is an AI-powered transcription and captioning platform that leverages natural language processing and machine learning to deliver transcription that’s faster, more accurate, and less costly than previously possible. However, the platform isn’t completely dependent on technology as it operates a hybrid model with 30,000+ professional transcribers to review the accuracy of the transcriptions and captions as AI still can’t always correctly discern the reality of human dialogues in terms of context and common sense. Verbit is able to filter out background noises and detect domain-specific terminology, which is useful for compliance with industry-specific regulations. The depth of the technical stack also allows for captioning live audio and video in real-time. The company is just shy of a $100M ARR with ~70% margins. AlleyWatch caught up with CEO and Founder Tom Livne to learn more about how his experience as an attorney working with transcription led him to found Verbit, the company’s path towards IPO, latest round of funding from investors that include Sapphire Ventures, Third Point, More Capital, Omer Cygler, Azura, and ICON fund, Stripes, Vertex Ventures and Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures, and ClalTech.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/10/2021 featuring funding details for Clair, ShelfLife, and much more.
The pandemic has reshaped the future of remote healthcare as accessibility to healthcare became paramount, leading to accelerated digital adoption. In fact, 23.6% of all healthcare interactions were via telehealth during the first four months of the pandemic, up from just .3% for the same period in 2019. LetsGetChecked is a virtual healthcare company that initially started by providing at-home diagnostic testing for the treatment and diagnoses of several ailments like sexual health, cholesterol, diabetes, and even COVID. Building on the 100+ at-home tests, the company has now expanded into telemedicine consultations and pharmaceutical fulfillment for these conditions. Through the pandemic, LetsGetChecked managed to grow revenue by more than 1500% as a result of increased interest in virtual care. AlleyWatch caught up with CEO and Founder Peter Foley to learn more about how his own experience as a patient inspired the business, the impressive traction that led to the company reaching unicorn status, latest funding round from investors that include Casdin Capital, CommonFund Capital, Illumina Ventures, Optum Ventures, Transformation Capital, HLM Venture Partners, and Qiming Venture Partners USA, and Rory Mcllroy through Symphony Ventures.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/9/2021 featuring funding details for ChartHop, Kafene, and much more.
Innovation in the financial services and banking industries in the US has often been stymied by legacy banks creating artificial moats. Open Banking adoption lags in the United States as compared to the EU but regulations in the EU are forcing US financial services providers to embrace facets of Open Banking in order to remain competitive and do business with European companies and citizens. Open Banking ultimately gives the consumer or customer more control over access to their financial data. Pinwheel is a payroll API connectivity platform that allows payroll data to be made accessible for a variety of use cases. For example, with Pinwheel, payroll account switching can be done in a fraction of the time it took previously. The platform also allows for seamless verification of employment and income data and payroll-linked lending. As the US moves towards further opening up Open Banking, Pinwheel is there to power any payroll-related innovations. AlleyWatch caught up with Cofounder and CEO Kurtis Lin to learn more about how Pinwheel empowers consumers through payroll connectivity and ownership of their payroll data, the company’s strategic plans, latest round of funding from investors that include Coatue, Primary Venture Partners, SemperfirsVirens, First Round Capital, and Upfront Ventures.
$385M+ raised by eight startups in a busy day. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/8/2021 featuring funding details for LetsGetChecked, SIMULATE, and much more.
Vital sign monitoring is critical for health care providers to gauge a patient’s health, well-being, and responsiveness to treatment. These vitals are also indicators of future illness in many cases. Technologies using video combined with ambient light monitoring, radar, and sound made possible by modern sensors allow vital sign monitoring to now happen without contact or even remotely. Norbert Health has developed a vital monitoring solution that provides continuous monitoring for a number of vitals including temperature, heart rate, heart rate variability, and pulse wave velocity (indicator of blood pressure) with readings for respiratory rate and oxygen levels coming soon. On the back end, the company offers a robust data platform to manage these readings whether it’s in a healthcare, workplace setting, or home setting, leading to an unprecedented understanding of health patterns and illness before the onset of any visible system. AlleyWatch caught up with CEO and Cofounder Alexandre Winter to learn more about how Norbert has built the technology to make contactless monitoring a reality, the company’s strategic plans, latest round of funding from investors that include Serena Capital, HCVC, Exor, C4 Ventures, LDV Capital, and Newlab.