The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/2/2021 featuring funding details for System, Jeeves, and much more. This page will be updated throughout the day to reflect any new fundings.
Yieldstreet — $100M – Series C
Yieldstreet, the alternative investment platform, has raised $100M in Series C funding from investors that include Greycroft, Gaingels, Edison Partners, Greenspring Associates, Raine Ventures, Soros Fund Management, Top Tier Capital Partners, Expansion Capital, Tarsadia Investments, Alex. Brown & Sons, and Kingfisher Investment Advisors. Founded by Dennis Shields, Michael Weisz, and Milind Mehere in 2015, Yieldstreet has now raised a total of $178.5M in reported equity funding. AlleyWatch broke the news of this round in an exclusive interview covering the funding and much more – Yieldstreet Raises Another $100M for its Platform that Democratizes Access to Alternative Investments
Jeeves — $26M – Series A
Jeeves, an all-in-one global expense management platform for startups, has raised $26M in Series A funding from investors that include led by Andreessen Horowitz. Founded by Dileep Thazhmon and Sherwin Gandhi in 2019, Jeeves has now raised a total of $31M in reported equity funding.
Pinwheel — $20M – Series A
Pinwheel, the payroll API for digital banks, has raised $20M in Series A funding from investors that include Coatue, Primary Venture Partners, SemperVirens, First Round Capital, Upfront Ventures. Founded by Anish Basu, Curtis Lee, and Kurt Lin in 2018, Pinwheel has now raised a total of $27M in reported equity funding.
Paloma — $4M – Seed
Paloma, the platform bringing commerce functionality to messaging platforms, has raised $4M in Seed funding from investors that include led by Laconia Capital Group. Founded by Kelsey Hunter, Zachary Podbela in 2017, Paloma has now raised a total of $5M in reported equity funding.
Spruce Holdings — $60M – funding according to a recent SEC filing
Spruce Holdings, the digital platform for title and closings for real estate transactions, has raised $60M in funding according to a recent SEC filing. The filing indicates that there were seven investors in this round. Investors in previous rounds include Bessemer Venture Partners, Omidyar Network, Scale Venture Partners, Collaborative Fund, MetaProp, Notation Capital, Third Prime, Zigg Capital, and Gramercy Ventures. Founded by Andrew Weisgall and Patrick Burns in 2016, Spruce Holdings has now raised a total of $110.1M in reported equity funding.
System — $12.25M – funding according to a recent SEC filing
System, a platform that employs a new framework for organizing data and knowledge into systems, has raised $12.25M in funding according to a recent SEC filing. The filing indicates that there were eighteen investors in this round and lists Josh Wolfe of Lux Capital and Asad Khaliq of Acrew Capital as Directors. System was founded by Adam Bly in 2017.
