With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of a few of things that you may have missed in NYC Tech this week including the fundings, exits, and events.
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Trustpilot, the leading review community for global online shoppers, has raised $73.5 million in a Series D funding. The round was led by the private equity firm Vitruvian Partners. Previous investors DFJ Esprit, Index Ventures, Northzone and Seed Capital Denmark also contributed significantly to the round.
Magnetic, an ad tech company that specializes in reaching consumers with relevant display ads based on their search history, has raised $25 million in Series C funding led by Edison Partners, with participation from CRV, ORIX Ventures, the Honeywell pension, Jonathan Kraft, Roger Ehrenberg, and Charles River Ventures.
The company has also merged with San Mateo-based MyBuys, a multi-channel marketing and personalization platform, that enables marketers to better connect with people by creating one view of the purchase process during all stages of the buying process, across devices and channels.
PayItSimple, whose payment technology is used by merchants to offer consumers the ability to make purchases on their credit cards, using interest-free installments, has raised $10 million in debt funding from Simpel Management in New York.
Accela, the leading provider of cloud-based civic engagement solutions for government, has acquired PublicStuff, a citizen-engagement service that allows people to capture and notify the correct department in a city to get things fixed.
PublicStuff is an ER Accelerated company and founder Lily Liu was recently profiled in AlleyWatch at one of 30 SaaS Women to Watch.
Terms were undisclosed.
