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 2/21 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Vestwell, Novig, Avantos, QuadSci, and much, much more.
Vestwell – $385M Series E
Fintech
Vestwell, a digital savings platform for workplace retirement, education, and emergency savings access, has raised $385M in Series E funding led by Sixth Street Growth and Blue Owl Capital Corporation. Founded by Aaron Schumm in 2016, Vestwell has now raised a total of $660M in reported equity funding.
Novig – $75M Series B
Gaming & Sports
Novig, a peer-to-peer sports prediction market platform where users compete directly against each other with commission-free odds instead of betting against a traditional sportsbook, has raised $75M in Series B funding led by Pantera Capital. Founded by Jacob Fortinsky and Kelechi Ukah in 2021, Novig has now raised a total of $99.9M in reported equity funding.
Avantos – $25M Series A
Fintech
Avantos, an AI-powered operating system for client management for onboarding, servicing, and growth for financial institutions, has raised $25M in Series A funding led by Bessemer Venture Partners. Founded by Bassam Chaptini and Rabih Ramadi in 2024, Avantos has now raised a total of $35M in reported equity funding.
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Hook – $10M Series A
Music & Entertainment
Hook, a creative social music app for making and sharing song remixes and mashups, has raised $10M in Series A funding led by Khosla Ventures. Founded by Gaurav Sharma in 2022, Hook has now raised a total of $16.5M in reported equity funding.
QuadSci – $8M Series A
AI & SaaS
QuadSci, an AI-powered revenue acceleration platform for GTM teams using product telemetry, has raised $8M in Series A funding led by Crosslink Capital. Founded by Sean Murray and Dan Harmeson in 2023, QuadSci has now raised a total of $8M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – QuadSci Raises $8M to Predict SaaS Churn Before It Happens
Monark Markets – $8.1M Venture
Fintech
Monark Markets, an API-based platform that allows retail brokerage firms and wealth management platforms to provide access to private market investments, has raised $8.1M in Venture funding led by F-Prime. Founded by Ben Haber and Paul Davis in 2021, Monark Markets has now raised a total of $14.4M in reported equity funding.
Moab – $8M Series A
B2B SaaS
Moab, a platform for equipment rental and dealers to manage inventory, orders, billing, and operations, has raised $8M in Series A funding led by Elad Gil. Founded by Charles Soll and Patrick Anderson in 2023, Moab has now raised a total of $16M in reported equity funding.
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Fara Homidi – $4M
Beauty & Consumer
Fara Homidi, a luxury direct-to-consumer beauty brand, has raised $4M in funding according to a recent SEC filing. The filing indicates that the round comes from a sole investor. Founded by Fara Homidi in 2020, Fara Homidi has now raised a total of $7M in reported equity funding.
UniqLearn – $1.96M
EdTech
UniqLearn, a personalized K-12 learning platform creating tailored homework and student learning profiles, has raised $1.96M in funding according to a recent SEC filing. The filing indicates that the round comes from nineteen investors. Founded by Aidan McDowell in 2024, UniqLearn has now raised a total of $1.96M in reported equity funding.
AlleyWatch is NYC’s leading source of tech and startup news, reaching the city’s most active founders, investors, and tech leaders. Learn More →
Kadia Health – $1.1M
HealthTech
Kadia Health, a digital health app enabling family members of persons with substance use disorder with group therapy, has raised $1.1M in funding according to a recent SEC filing. The filing indicates that there were nine investors in the round. Founded by Charlotte Blais in 2023, Kadia Health has now raised a total of $1.1M in reported equity funding.
