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 News this week including the fundings, exits, and events.
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Sprinklr, the social media management platform, has raised $105M in Series F funding from EDBI, Wellington Management, Temasek Holdings. The company has now raised $228.5M over their 6 rounds and founder Ragy Thomas’ startup is now valued at $1.7B.
Olapic, the visual commerce and marketing platform founded by Jose De Cabo, Pau Sabria, and Luis Sanz in 2010 has announced that it has been acquired by Monotype for $130M. Olapic had previously raised $21.09M in funding over four rounds from NYC investors that include Scout Ventures, NYC Seed, Michael Lazerow, Great Oaks Venture Capital, and Fabrice Grinda.
Thrive Capital, founded by Joshua Kushner, has announced its latest fund Thrive V. It’s a $700M fund, which makes it one of the largest funds in New York, that will invest across all investment stages. The existing Thrive portfolio includes 75 companies including names such as Harry’s, Instagram, Warby Parker, Slack, and Stripe.
Above Average, the network for established as well as rising comedians, has raised a Venture round of $15M from Advanced Publications and Turner Broadcasting. This is the company’s first round of funding.
Betaworks, the Brooklyn-based investment and incubation studio is raising a $75M fund according to a recent SEC filing. Founded by John Borthwick, Betaworks has backed over 130 companies that include Genius, Medium, Kickstarter, Venmo, and Stocktwits.
Outdoor Voices, the company giving a voice to stylish outdoor clothing, has raised a Series B round of $13M from General Catalyst Partners and Gwyneth Paltrow. To date founders Andrew Parietti, Tyler Haney, and Matt McIntyre have raised $21.1M over three rounds.
Wade & Wendy, the startup making the hiring process more human, has raised a Seed round led by Slack’s new investment arm. This is the startup’s third round of funding.
Wanttickets, a ticketing platform founded by Andrew Fox was acquired by LA-based LiveXLive. The terms of the deals were not disclosed.
CommonBond, the lending platform for higher education, has raised $30M in Series C funding from Victory Park Capital, Nyca Partners, Social Capital, Tribeca Venture Partners, August Capital, and Neuberger Berman Private Equity. On top of this, the company raised $300M in a round of Debt Financing. This raises their total funding to $753.61M.
Harry’s, the men’s shaving ecommerce startup, has announced the second generation of its product line. This line marks the first collaboration between Harry’s and the factory it acquired back in 2014. The new line features improvements to the razor blades and handles and the line will cost the same as the previous generation.
What Goes Around Comes Around (WGACA), the company selling authentic luxury items has raised $20.4M in a Venture round. For founders Seth Weisser and Gerard Maione, this is the first round of funding.
Gust, the investor and entrepreneur collaboration platform, has raised $14.35M in Debt Financing from undisclosed investors. This comes as the second round for the company.
