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 for the week ending 2/16 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Overtime, Chainalysis, INSHUR, JOOR, and much more…
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Neurogene teams up with academic researchers and patient advocacy organizations to bring life-changing medicines and therapies to patients with rare neurological disorders. It raised $68.5M in Series A funding from investors that include EcoR1 Capital, Samsara BioCapital, Redmile Group, and Cormorant Asset Management.
Chainalysis, the startup provided compliance and investigation solutions and services for the cryptocurrency industry, has raised $30M in Series B funding from investors that include Accel and Benchmark. Founded by Jan Moller, Jonathan Levin, Michael Gronager in 2014, Chainalysis has now raised a total of $47.6M in reported equity funding over four rounds.
Overtime, the Brooklyn-based digital network for sports fans, has raised $23M in Series B funding from investors that include Spark Capital, Andreessen Horowitz, MSG Networks, Afore Capital, MACRO Ventures, and Sapphire Ventures. This brings the total funding raised to $35.3M over three rounds for the startup founded by Dan Porter in 2016. We’ll have an exclusive interview with the team publishing this week – stay tuned!
We took an in-depth look at the latest news from venture capital firms in NYC for the first half of February 2019 featuring must know news including news for Rosecliff Ventures, Lakehouse Ventures, New Sciences Ventures, and much more – lots of new funds being raised. The NYC Venture Capital News Digest: 2/15/19
Geothermal residential heating and cooling startup Dandelion Energy has raised a $16M in Series A funding from investors that include GV, Comcast Ventures, Lennar Corporation, NEA, Collaborative Fund, Ground Up, and ZhenFund. Founded by James Quazi and Kathy Hannun in 2017, Dandelion Energy has now raised a total of $22.5M in reported equity funding over three rounds.
JOOR, the online wholesale marketplace connecting brands and retailers, has raised $16M in Series C funding from investors that include Battery Ventures, Canaan Partners, and ITOCHU Corporation. Founded by Mona Bijoor in 2010, JOOR has now raised a total of $36.1M in funding over four rounds.
INSHUR, the digital auto insurance startup, has raised $7M in Series A funding from investors that include Munich Re / HSB Ventures and MTech Capital. INSHUR was founded by Dan Bratshpis and David Daiches in 2016.
Donde Search, the startup behind the visual intuitive search platform for retailers that uses computer vision, AI and NLP, has raised $6M in Series A funding led by Matrix Partners. Donde Search was founded by Liat Zakay in 2014 and has now raised a total of $9.5M in funding over two reported rounds.
Inspiren, the cogntive patient care assistant, has raised $3.5M in funding according to a recent SEC filing. The filing indicates that the total offering is for $4.6M and eighteen parties were involved in this close. Brooklyn-based Inspiren was founded in 2016 by Michael Wang and Paul Coyne.
Gencove, the startup that is making genome sequencing accessible and cost-efficient, has raised an additional $2.7M in funding according to a recent SEC filing. The filing indicates that there were five participants in the round and the total offering is for $5M. Gencove was founded by Joe Pickrell, Kaja Wasik, and Tomaz Berisa in 2015 and has previously raised $1M from investors that include SV Angel, Version One Ventures, Third Kind Venture Capital, Refactor Capital, Balaji S. Srinivasan, New York Genome Center, and Kresimir Penavic.
Content distribution platform StayTuned has raised $2.5M in Seed funding from investors that include Liquid 2 Ventures, Social Leverage, Grape Arbor VC, Bowery Capital, Courtside Ventures, The Fund, HIVE Ventures, and Quaker Partners. StayTuned was founded in 2018 by Randy Jimenez and Serge Kassardjian.
HauteHijab is the NYC-based fashion and e-commerce company that designs stylish, trend-setting hijabs to empower Muslim women worldwide, and it raised $2.3M in a Seed Round led by Cue Ball and including prominent VC firms such as: Maveron, Ludlow Ventures, AngelList, Sinai Ventures, Muse Capital, and Helm. HauteHijab was founded in 2010 by Ahmed Zedan and Melanie Elturk.
Medivis, the startup using augmented reality and AI visualization to assist in surgeries, has raised $2.3M in funding led by Initialized Capital. Brooklyn-based Medivis was founded by Christopher Morley and Osamah Choudhry.
3DEN, the soon to launch destination lifestyle space for those on-the-go, has raised $2M in Seed funding from investors that include Colle Capital Partners, Graphene Ventures, Clark Valberg, Andrew Lee, b8ta, The Stable, JTRE Holdings, and Casey Carl. 3DEN was founded by Ben Silver in 2017.
Stae, the data management and collaboration platform built for municipalities, has raised in funding according to a recent SEC filing. The filing indicates that the total offering has another $850K to go and that there were twelve participants in this raise. Stae had previously raised $1.6M in reported funding from investors that include ff Venture Capital and Story Ventures.
Armarium, the luxury clothing rental service, has raised an additional $500K in funding according to a recent SEC filing. The filing indicates that there was a sole participant in this close and that the total offering is for $1.5M. Founded by Trisha Gregory and Alexandra Lind Rose in 2015, Armarium had previously raised $4M in funding from investors that include Compound, C Ventures, Carmen Busquets, and Tommy Hilfiger.
Equip, the jobs platform for the construction industry, has raised $205K in funding in what appears to be a convertible note according to a recent SEC filing. Equip was founded by Daniel Cline (BASF) in the summer of 2018.