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.
Verbit is the AI-powered transcription and captioning platform that transcribes speech regardless of accent, domain-specific languages, background noises, echoes, and more. To ensure the accuracy and quality of transcriptions/captions, Verbit has a network of 22,000 human transcribers that validate the technology-produced dictations. AlleyWatch caught up with Tom Livne to learn more about Verbit’s technology and how this funding will help position it to be a leader in the global transcription market, which is more than $300B. Verbit has raised a total of $125M across four rounds and this latest round comes from investors that include Sapphire Ventures led our Series C round, Vertex Ventures, Stripes, HV Ventures, ClalTech, and Vertex Growth.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 11/24/2020 featuring funding details for Current, Hellosaurus, and much more.
NYC Tech News for the week ending 11/21 featuring news for Blacktag, Maude, and much more including how to get a pair of Beats Headphones from our featured partner…
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 11/21/20 featuring funding details forMycoWorks, AliveCor, Strava and twenty-two other rounds you must know about.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 11/20/2020 featuring funding details for Forter, TransfrVR, and much 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 fundings for the week ending 8/29/20 featuring funding details for Luminar, Restream, Warby Parker, and much much more.