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 the things that you may have missed in NYC Tech News for the week ending 9/23 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Moment, Roam, Authentic, and much, much more.
Bastion – $25M
Bastion, a white-label platform to integrate web3 capabilities into existing tech stacks, has raised $25M in venture funding led by a16z crypto. Bastion was founded by Riyaz Faizullabhoy, Nassim Eddequiouaq, in 2023.
Moment – $17M
Moment, a fixed income infrastructure platform, has raised $17M in Series A funding from investors that include Andreessen Horowitz, Venrock, Neo, Contrary, and Henry Kravis. Founded by Dean Hathout and Dylan Parker in 2022, Moment has now raised a total of $20M in reported equity funding.
Vero Technologies – $8.5M
Vero Technologies, an end-to-end wholesale finance platform, has raised $8.5M in Series A funding from investors that include Antler, AAF Management Ltd., Arcadia Funds, BankTech Ventures, Sopra Steria, and Independent Community Bankers of America. Founded by Isaac Zafarani, John Mizzi, and Rama Potturu in 2020, Vero Technologies has now raised a total of $12.6M in reported equity funding.
Windmill – $7.55M
Windmill, a direct-to-consumer provider of air conditioners, has raised $7.55M in funding according to a recent SEC filing. The filing indicates that the total offering is for $9.25M and there were twenty-one investors in this close. Founded by Danny Mayer, Michael Mayer, and Ryan Figlia in 2018, Windmill has now raised a total of $12.5M in reported equity funding.
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Earthmover – $6.1M
Earthmover, an array analytics platform for scientific data teams, has raised $6.1M in funding according to a recent SEC filing. The filing indicates that there were ten investors in the round. Founded by Joseph Hamman and Ryan Abernathey in 2022, Earthmover has now raised a total of $7.8M in reported equity funding.
HealNow – $5.5M
HealNow, a payments technology platform for online pharmacies, has raised $5.5M in Seed funding from investors that include Bonfire Ventures, Alabama Futures Fund, Walkabout Ventures, Remarkable Ventures, and Impulsum Ventures. Founded by Halston Prox and Joshua Smith in 2018, HealNow has now raised a total of $7.2M in reported equity funding.
Authentic – $5.5M
Authentic, a captive insurance infrastructure platform, has raised $5.5M in Seed funding from investors that include Slow Ventures, Commerce Ventures, Clocktower Technology Ventures, Core Innovation Capital, Mischief, Upper90, MGV, and Altai Ventures. Authentic was founded by Cole Riccardi in 2022.
Giftpack – $4.3M
Giftpack, an AI-powered corporate gifting platform, has raised $4.3M in Seed funding from investors that include Tech Coast Angels, Digital Garage, Accelerating Asia, Draper Startup House Ventures, Umami Capital, Axxel Marketing, Teddy Chen, Katya Kohen, Mike Cooney, Christopher Yang, Alex Miller, Shao-Hua Wu, Chih Heng Yeh, and Chang Hai Lin. Giftpack was founded by Archer Chiang, Bing Yue Chen, and Irene Ling in 2020.
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
United Sodas of America – $4.25M
United Sodas of America, an online shop for non-alcoholic soda beverages, has raised $4.25M in funding according to a recent SEC filing. The filing indicates that the total offering is for $6.2M and this close comes from two investors. United Sodas of America was founded by Marisa Zupan in 2019.
Fair Warning – $3.05M
Fair Warning, a private auction platform for art, has raised $3.05M in funding according to a recent SEC filing funding from investors that include . The filing indicates that the total offering is for $8M and there were three investors in this close. Fair Warning was founded by Loic Gouzer in 2020.
Canid – $1.5M
Canid, a pediatric vaccine management platform, has raised $1.5M in venture funding from investors that include Alumni Ventures, FJ Labs, I2BF Global Ventures, SeedToB Capital, and MKT1 Capital. Canid was founded by Pedro Sanchez de Lozada in 2020.
Roam – $1.25M
Roam, a platform for purchasing a home with an assumable low-rate mortgage to bring down ownership costs, has raised $1.25M in Seed funding led by Founders Fund. Roam was founded by Raunaq Singh in 2023.