$235M+ invested in NYC startups in the past week. NYC Tech News for the week ending 4/10 featuring news for Ramp, Walnut, and much, much more.
Freight forwarding and logistics have long been an industry that relies on disparate workflows, heavily reliant on a pen and paper model despite trillions of dollars of annual trade. The pandemic has led to an increase in digital adoption as the need to continue commerce superseded the industry’s traditional unwillingness towards anything digital. Nuvocargo is an all-in-one digital platform that’s focused on cross-border trade between the US and Mexico, a $600B+/yr market. The company offers freight forwarding, customs brokerage, insurance, and is also looking to make a mark in trade financing. Supporting businesses with unprecedented transparency and efficiency, the company grew revenue 25X during the pandemic with plans to expand its geographic footprint and headcount. AlleyWatch caught up with Cofounder and CEO Deepak Chhugani to learn more about how his own personal paint point with his family’s business led to the need for this business now, the company’s future plans, and latest funding round from investors that include QED Investors, FJ Labs, Clocktower, NFX, ALLVP, MAYA Capital, Magma Partners, One Way Ventures, and Ride Ventures.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/7/2021 featuring funding details for Grata, Real, and much more.
Everything you need to need to know about the largest global startup funding rounds of March 2021; broken down by industry, stage, investors, and more…
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 1/30/21 featuring funding details for Physna, Sitetracker, Calendly, and twenty other rounds that you must know about.
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 12/12/20 featuring funding details for Kevel, Salt Security, Fairmarkit, and fourteen other rounds that you must know about.
Everything you need to need to know about the largest US startup funding rounds of November 2020; broken down by industry, stage, investors, and more. Each of these companies raised at least $100M last month.
The current banking system in the US isn’t structured to help the 130M+ Americans that are living paycheck to paycheck to succeed, instead banks focus on large depositors to support their lending businesses. Current is the digital challenger bank that directly addresses this mismatch by focusing on liquidity and providing access to banking services that include the ability to deliver paychecks up to two days early with direct deposit, no overdraft fees, and earn cashback. The company’s platform is designed to be inclusive for all Americans regardless of age or income level, especially the younger generation; the average age of a Current checking account member is 27 and approximately 50% of its members have never had a bank account before. AlleyWatch caught up with CEO and Founder Stuart Sopp to learn about Current’s response during the pandemic, simple mission to get money to its customers as fast as possible, impressive user growth, and recent funding round from investors that include Tiger Global Management, Sapphire Ventures. Avenir, Foundation Capital, Wellington Management Company, and QED Investors.