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The AlleyWatch Startup Daily Funding Report: 11/2/2020

AlleyWatch by AlleyWatch
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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 11/2/2020 featuring funding details for Welcome, Teampay, and much more. This page will be updated throughout the day to reflect any new fundings.

Welcome — $6M – funding according to a recent SEC filing

Welcome, the employee compensation data platform for recruiters and HR teams, has raised $6M in funding according to a recent SEC filing. The filing indicates that there were eighteen investors in the round. Investors in previous rounds include Ludlow Ventures, Global Founders Capital, and Weekend Fund. Founded by Nick Gavronsky and Rick Pereira in 2019, Welcome has now raised a total of $7.4M in reported equity funding.

Teampay — $5M – Series A Extension

Teampay, the company spend management platform, has raised $5M in a Series A extension from investors that include Precursor Ventures, Crosscut Ventures, Tribe Capital, and Fin Venture Capital. The total Series A round now stands at $17M. Founded by Andrew Hoag in 2016, Teampay has now raised a total of $21M in reported equity funding. AlleyWatch published an exclusive interview with Hoag on Teampay’s Seed round back in 2018.

Tags: Andrew HoagCrosscut VenturesFin Venture CapitalGlobal Founders CapitalLudlow VenturesNick GavronskyPrecursor VenturesRick PereiraTeampayTribe CapitalWeekend FundWelcome
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