The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/1/2020 featuring funding details for ASAPP, Material Bank, and much more. This page will be updated throughout the day to reflect any new fundings.
ASAPP — $185M – Series B
ASAPP, the AI-powered customer service improvement solution, has raised $185M in Series B funding from investors that include Emergence, Telstra Ventures, March Capital Partners, Vast Ventures, HOF Capital, Euclidean Capital, John Chambers, John Doerr, and Dave Strohm. The funding was raised in tranches and the last tranche totaling $60M closed in April. ASAPP was founded by Gustavo Sapoznik in 2014 and has now raised a total of $260M in reported equity funding.
Material Bank — $28M – Series B
Material Bank, the technology and logistics company focusing on the architecture and design materials industry, has raised $28M in Series B funding from investors that include Bain Capital Ventures, Raine Ventures, and Barry Sternlicht. Founded by Adam Sandow in 2018, Material Bank has now raised a total of $55M in reported equity funding.
