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 11/11 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Llama, Chptr, Fillogic, and much, much more.
Bowery Farming – $85.4M
Bowery Farming, the indoor vertical farming startup, has raised $85.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $220.5M and there were thirty-eight investors in this close. Founded by Brian Falther, David Golden, and Irving Fain in 2015, Bowery Farming has now raised a total of $561.3M in reported equity funding.
Nowsta – $35M
Nowsta, a flexible workforce management platform, has raised $35M in Series C funding from investors that include led by VMG Partners and Builders VC. Founded by Armand Patella and Nicholas Lillios in 2015, Nowsta has now raised a total of $87.1M in reported equity funding.AlleyWatch broke the news in an exclusive covering the round and much more – Nowsta Raises Another $35M to Help Employers Find and Manage Flexible Workforces
Arch – $20M
Arch, a private investment management platform for streamlining operating and reporting workflows, has raised $20M in Series A funding from investors that include Menlo Ventures, Quiet Capital, Craft Ventures, Citi Ventures, Focus Financial Partners, GPS Investment Partners, Gary Cohn, Marc Spilker, and Scott Prince. Founded by Jason Trigg, Joel Stein, and Ryan Eisenman in 2018, Arch has now raised a total of $25.5M in reported equity funding.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
Intrigued? Alleywatch readers can skip the waitlist with this referral link.
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Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Summer – $18M
Summer, a short term rental platform that helps people buy and rent out second homes, has raised $18M in Venture funding from investors that include Alumni Ventures, Lightspeed Venture Partners, Gaingels, QED Investors, Connecticut Innovations, Firstminute Capital, Elizabeth Street Ventures, Not Boring, Viola Group, 1Sharpe Capital, and Merrimac. Founded by Gabriel Flateman, Paul Kromidas, and Woods Buckley in 2021, Summer has now raised a total of $31M in reported equity funding.
Fillogic – $13M
Fillogic, a logistics platform that converts under-utilized retail spaces to middle-logistics centers, has raised $13M in Series A funding from investors that include XRC Ventures, Green Egg Ventures, GroundBreak Ventures, Closed Loop Partners, Revelry Venture Partners, and Venture 53. Founded by Rob Caucci and William Thayer in 2018, Fillogic has now raised a total of $15.6M in reported equity funding.
Element Eight – $6M
Element Eight, an oxygen-amplified skincare brand, has raised $6M in Venture funding from a number of strategic angels and family offices. Founded by Gerard Camme in 2022, Element Eight has now raised a total of $7.9M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Element Eight Raises $6M to Bring Back the 60% of Oxygen Your Skin Cells are Losing as You Age
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Llama – $6M
Llama, an access control and governance platform for smart contracts, has raised $6M in Seed funding from investors that include FJ Labs, Founders Fund, Amplify Partners, Elad Gil, Electric Capital, Sandeep Nailwal, Stani Kulechov, Nathan McCauley, Will Gaybrick, Reverie, sina habibian, and Viktor Bunin. Llama was founded by Shreyas Hariharan and Austin Green in 2020.
ViuHealth – $5.8M
ViuHealth, a virtual care platform for autoimmune diseases, has raised $5.8M in funding according to a recent SEC filing. The filing indicates that the total offering is for $6.5M and there were nine investors in this close. Founded by Kwaku Owusu and Melanie Igwe in 2019, ViuHealth has now raised a total of $10.6M in reported equity funding.
Forum – $5.3M
Forum, a marketplace for peer support groups, has raised $5.3M in Venture funding from investors that include NextView Ventures, City Light Capital, Cue Ball, MBX Capital, Sahil Bloom, Shaan Puri, and Romeen Sheth. Forum was founded by Rajiv Kumar and Lee Pichette in 2022.
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Daytona – $2M
Daytona, a self-hosted development environment management platform, has raised $2M in Pre-Seed funding from investors that include 500 Global, Tiny VC, Firestreak Ventures, Darkmode Ventures, Christian Bach, Silicon Gardens, Abhinav Asthana, Zachary Smith, Paul Copplestone, Ben Lang, David Apple, Feross Aboukhadijeh, Jacob Smith, Cassidy Williams, Luka Sucic, Zach Holman, Grace Francisco, Surabhi Gupta, Ilya Lyamkin, Damir Sabol, Zach Lloyd, Moataz Soliman, Milin Desai, Charity Majors, Luke Kanies, Kareem Kouddous, Jesse Miller, Prashanth Chandrasekar, Izet Zdralovic, Tomislav Car, Borja Burgos, Andrew Rollins, Derek Kleinow, Jernej Strasner, Sead Ahmetovic, Aaron Kimball, Jon Natty Natkins, Nikola Pavesic, Edi Sinovcic, Pierre Louis Théron, Jurica Cerovec, Alan Sumina, Luka Abrus, Brian Douglas, Ekene Eze, Bukky Adebayo, Jason Berry, Domagoj Vuksa, Merci Victoria Grace, Michael Rybintsev, Oliver de Albuquerque, Ian Livingstone, Nikolay Rodionov, Traycho Ivanov, Jose Vargas, Marin Tvrdic, Martin Morava, Eugene Yan, and Shawn Wang. Daytona was founded by Ivan Burazin, Goran Draganic, and Vedran Jukic in 2023. AlleyWatch broke the news in an exclusive covering the round and much more РDaytona Raises $2M for its Development Environment Management Platform for the Cloud
Chptr – $1.5M
Chptr, a memorialization platform where people can gather and share digital memories of lost loved ones, has raised $1.5M in Seed funding from investors that include Gaingels, Lucas Venture Group, Grit Capital Partners, Singularity Capital, Accel Starters, Ganas Ventures, and Tubbs Ventures. Founded by Parker Duffey and Rehan Choudhry in 2020, Chptr has now raised a total of $3.9M in reported equity funding.
Bite – $625K
Bite, a kiosk digital ordering platform for restaurants, has raised $625K in funding according to a recent SEC filing. The filing indicates that the total offering is for $8.6M and there were three investors in this close. Founded by Etkin Tekin, Jeff Hong, Stas Nikiforov, and Steve Truong in 2015, Bite has now raised a total of $11.1M in reported equity funding.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
Intrigued? Alleywatch readers can skip the waitlist with this referral link.
