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 holiday-shortened week ending 1/20 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Infield, Kashable, and much, much more.
DailyPay – $75M
DailyPay, an on-demand pay platform, has raised $75M in Venture funding led by Carrick Capital Partners. Founded by Jason Lee and Robert Law in 2015, DailyPay has now raised a total of $264M in reported equity funding. In conjunction with the announcement, DailyPay also announced $100M in additional funding as an expanded credit facility.
Kashable – $25.6M
Kashable, an employer-provided socially responsible credit platform, has raised $25.6M in Series B funding led by Revolution and Moneta VC. Kashable was founded by Einat Steklov and Rishi Kumar in 2013.
DIMO – $11.5M
DIMO, a connected vehicle platform and network that incentivizes drivers for sharing their car data, has raised $11.5M in Series A funding from investors that include Slow Ventures, CoinFund, Borderless Capital, Rick Wagoner, and Bill Ackman’s family office Table Management. Founded by Alex Rawitz, Andy Chatham, and Rob Solomon in 2020, DIMO has now raised a total of $20.5M in reported equity funding.
Berry Street – $9.2M
Berry Street, a nutrition therapy telehealth platform that connects patients with dieticians and is covered by insurance, has raised $9.2M in funding according to a recent SEC filing. The filing indicates that the round comes from fifteen investors. Berry Street was founded by Jesse Rose and Noah Kotlove in 2022.
Billionaires wanted it, but 54,578 everyday investors got it first… and profited
When incredibly rare and valuable assets come up for sale, it’s typically the wealthiest people that end up taking home an amazing investment. But not always…
One platform is taking on the billionaires at their own game, buying up and fractionalizing some of history’s most prized blue-chip artworks for its investors.
It’s called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Basquiat, all of which are collectively owned by everyday investors. When Masterworks sells a painting – like the 16 it’s already sold – investors could share in the profits.
Offerings can sell out in minutes, but AlleyWatch readers can skip the waitlist with this exclusive link.
LEARN MORE
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
Korr – $3.2M
Korr, a cloud-native insurtech platform focused on claims processing and policy administration, has raised $3.2M in Seed funding from investors that include Plug and Play, Motive Ventures, and Tokio Marine Future Fund. Korr was founded by Kimberly McClinch and Gregory Ritchie in 2021.
Infield – $3M
Infield, an open-source dependency manager for development teams, has raised $3M in Seed funding from investors that include Y Combinator, Foundation Capital, Austin Ogilvie, Adam Gross, Firsthand Alliance, and Jonathan Siddharth. Founded by Allison Pike, Andrew Lenehan, and Stephen Pike in 2022, Infield has now raised a total of $5.9M in reported equity funding.
RocketStar – $2M
RocketStar, a reusable rocket propulsion startup, has raised $2M in Seed funding. Founded by Christopher Craddock, David Peebler, and Michael Cassandra in 2014, RocketStar has now raised a total of $3.3M in reported equity funding. The company also announced the acquisition of Miles Space, a space propulsion spacecraft manufacturer.
Axle – $1.5M
Axle, a CRM system developed specifically for the capital markets, has raised $1.5M in Pre-Seed funding led by Jackson Gates. Axle was founded by Sam Shapiro, Chris Piper, and Chris Goodkind in 2023.
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