Frank, the college financial planning platform, is being acquired by JPMorgan Chase, as the bank looks to deepen its relationship with students. Terms of the transaction were not disclosed.
Gaingels
The Weekly Notable Startup Funding Report: 9/20/21
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 funding rounds for the week ending 9/18/21 featuring funding details for Bidgely, Arcadia, LevaData, other rounds that you need to know about.
#NYCtech Week in Review: 9/12/21 – 9/18/21
11 new deals representing 515M+ in new fundings for New York startups last week including several newly minted unicorns led by female founders. NYC Tech News for the week ending 9/18 featuring news for Spring Health, Grailed, Tia, and much, much more.
The AlleyWatch Startup Daily Funding Report: 9/16/2021
$320M in new funding for four companies; the latest venture capital, seed, pre-seed, and angel deals for NYC startups for 9/16/2021…
CookUnity Raises $47M for its Meal Delivery Marketplace That Offers Gourmet Chef-Prepared Meals
The pandemic has made it easier to sit on the couch and order in without any guilt. But sometimes you want an elevated dining experience not found on Seamless or Uber Eats without having to go out to eat. CookUnity, founded in Brooklyn in 2018, brings gourmet meals from top and rising chefs in the culinary world to your home. Structured as a weekly subscription delivery service, the company offers over 300 meal options that start at a very reasonable $10.49 per meal. With the restaurant industry severely disrupted with lockdowns and fighting for survival, the service has been able to provide chefs much-needed income, expand their followings, and avoid onerous and debilitating fees of the traditional food delivery apps. In fact, top chefs on the platform are earning in excess of $1M per year on the platform. AlleyWatch caught up with CookUnity Founder and CEO Mateo Marietti to learn more about the company’s progress during the pandemic (the company grew 6.5x YOY), national expansion plans, restaurant recommendations, recent fundraise, from Insight Partners, Endeavor Capital, IDCV, Fuel Ventures, and Gaingels.
The Weekly Notable Startup Funding Report: 9/13/21
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 funding rounds for the week ending 9/11/21 featuring funding details for Printify, Aviarix, TrueFort, and fourteen other rounds that you need to know about.
The 11 Largest Global Startup Funding Rounds of August 2021
Everything you need to need to know about the largest global startup funding rounds of August 2021; broken down by industry, stage, investors, and more…
The Weekly Notable Startup Funding Report: 9/6/21
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 funding rounds for the week ending 9/4/21 featuring funding details for Revenue Grid, Zipping, Corelight, and twenty-two other rounds that you need to know about.
The 9 Largest NYC Tech Startup Funding Rounds of August 2021
Everything you need to need to know about the largest NYC startup funding rounds of August 2021; broken down by industry, stage, investors, and more…
The Weekly Notable Startup Funding Report: 8/23/21
A slowdown in funding this past week as a summer lull licks in. 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 funding rounds for the week ending 8/21/21 featuring funding details for Jnana, TrustLayer, and twelve other rounds that you need to know about.
Octane Raises Another $52M for its Financing Platform for Powersports Purchases
The Powersports market (jet skis, motorcycles, ATVs, etc) is expected to surpass $50M per annum by 2027. 80% of purchases in this market require financing. Octane is a point-of-sale platform that enables power sport dealers and brands to provide automated financing solutions to their customers to close transactions. The company’s end-to-end platform covers all aspects of the lending process from origination to closing. Initially, a marketplace to connect lenders and purchasers, Octane launched its own lending unit, Roadrunner Financial, in 2016. To support the end-to-end purchase experience for consumers, the startup also operates a number of content destinations that are focused on editorial content for Powersports enthusiasts. Octane is currently working with over 3800 dealers and directly with ~50 brands, supported by a team of 300+ that’s growing fast. AlleyWatch caught up with CEO and Cofounder Jason Guss to learn more about the massive opportunity for financing in the Powersports market, the company’s strategic plans, and latest round of funding that comes at a $900M+ valuation from investors that includes Progressive Investment CompanyValar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime, Parkwood, Gaingels, and ALIVE.