Everything you need to need to know about the largest NYC startup funding rounds of Q4 2020; broken down by industry, stage, investors, and more…
The pandemic has led to a profound increase in online consumer spending online with an increase of 52% or $466B between March-September. Yet for startup employees, the uncertainty of the economy can be worrisome. E-commerce transaction marketing platform firm Rokt raised an unexpected Series D round to provide some liquidity to its employees to serve as reassurance and support its growth. Rokt powers the “AHA-moment” of many large online merchants like Ticketmaster, Fanatics, GoDaddy, and Staples and offers seamless add-on purchases from both the merchant and its own marketplace. In less than a year, Rokt’s valuation has increased by 42% to $450M+, the company is on track to expand its headcount from 260 to 400 by the end of 2021, and the company’s weekly revenue averages $2-3M per week, back to pre-pandemic levels. AlleyWatch caught up with CEO and Cofounder Bruce Buchanan to discuss learn more about the motivation for this funding round, Rokt’s plans to expand into new verticals and markets, and the company’s impressive traction. The company has now raised a total of $162M in funding from investors that include Square Peg Capital, Moelis Australia Asset Management, Time Inc., TDM Growth Partners, Lachlan Murdoch, Greg Roebuck, and John Ho.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 10/24/20 featuring funding details for Intellimize, Pulley, FinLocker, and fifteen more rounds you must know about.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/22/2020 featuring funding details for Lili, ROKT, and much more.
Everything you need to need to know about the largest NYC startup funding rounds of the last quarter of 2019; broken down by industry, stage, investors, and more…
The notable startup fundings for the week ending 11/2/19 featuring funding details for Vacasa, Datameer, Faire, and much much more.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/30/2019 featuring funding details for ROKT, Ribbon, and much more.