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The AlleyWatch Startup Daily Funding Report: 6/1/2023

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/1/2023 featuring funding details for MoCaFi, Syllo, and much more. This page will be updated throughout the day to reflect any new fundings.


MoCaFi – $23.5M

MoCaFi, a personal finance infrastructure platform for governments and philanthropic organizations to provide critical services to the underbanked, has raised $23.5M in Series B funding led by Commerce Ventures. Founded by Wole Coaxum in 2015, MoCaFi has now raised a total of $31.3M in reported equity funding.


Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.


Syllo – $455K

Syllo, an AI-powered legal tech platform, has raised $455K in funding according to a recent SEC filing. The filing indicates the total offering is for $2M and there were four investors in this close. Founded by Jeff Chivers and Theodore Rostow, in 2019, Syllo has now raised a total of $1.33M in reported equity funding.


The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.


Tags: Commerce VenturesJeff ChiversMoCaFiSylloTheodore RostowWole Coaxum
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