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 5/9 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Reserv, Bathhouse, MOTHER.Tech, and much, much more.
Reserv – $125M
InsurTech
Reserv, an AI-native third-party administrator that processes property and casualty insurance claims, has raised $125M in Series C funding led by KKR, with participation from Bain Capital Ventures and Flourish Ventures. Founded by CJ Przybyl, Martha Dreiling in 2022, Reserv has now raised a total of $196M in reported equity funding.
Bathhouse – $35M
Wellness
Bathhouse, a social wellness destination that offers sauna, contrast therapy, and communal bathing experiences, has raised $35M in Venture funding led by Imaginary Ventures, with participation from Klay Thompson, Marcus Smart, and DK Metcalf. Bathhouse was founded by Travis Talmadge, Jason Goodman in 2019.
MOTHER.Tech – $15M
Artificial Intelligence
MOTHER.Tech, an AI creative platform that lets users generate professional-quality content without prompt engineering, has raised $15M in Pre-Seed funding led by Google Ventures (GV), with participation from Lerer Hippeau Ventures, Box Group, and Shine Capital. Founded by Kelsey Falter in 2023, MOTHER.Tech has now raised a total of $20M in reported equity funding.
AlleyWatch broke the news on this round exclusively.
InstaSwitch – $4.7M
Fintech
InstaSwitch, a fintech infrastructure platform that automates the account-switching workflow for business banking institutions, has raised $4.7M in Seed funding led by Chicago Ventures, with participation from 8-Bit Capital, Better Tomorrow Ventures, and Panache Ventures. InstaSwitch was founded by Daniel West in 2025.
Swish Holdings – $1.2M
Fintech
Swish Holdings, a stealth startup founded by a longtime lending executive, has raised $1.2M according to a recent SEC filing. The filing indicates that there were zero investors in this round. Swish Holdings was founded by Ace Watanasuparp in 2026.