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 5/16 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Slice, Kustomer, Lolli, and much more…
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The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Digital Ocean, the cloud services provider, has raised $50M in Series C funding to becomes NYC’s newest unicorn. The round comes from investors that include Andreessen Horowitz and Access Industries at a $1.1B pre-money valuation. Founded by Alec Hartman, Ben Uretsky, Jeff Carr, Mitch Wainer, and Moisey Uretsky in 2011, Digital Ocean has now raised a total of $275.4M in reported equity funding. The company is on track to do $300M ARR and 2/3 of its customer base is located outside of the United States.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Social networking giant Facebook has agreed to acquire GIPHY, the widely-popular platform for social GIF usage. The terms of the transaction were not publicly disclosed but sources close the transaction indicate that the acquisition price is $400M – Facebook Has Acquired GIPHY for $400M to Bring More GIFs to Instagram
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Slice, the platform for local pizzerias to go digital, has raised $43M in Series C funding led by KKR with participation from existing investors including GGV Capital. Founded by Ilir Sela in 2009, Slice has now raised a total of $73M in reported equity funding. AlleyWatch featured an exclusive interview with Sela on Slice’s Series C round.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Semperis, the cybersecurity platform focused on protecting, preventing and recovering from Active Directory attacks, has raised $40M in Series B funding led by Insight Partners. Founded by Guy Teverovsky, Matan Liberman, and Mickey Bresman in 2013, Semperis has now raised a total of $54M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
This bi-weekly column covers the latest news from venture capital firms in NYC for the first half of May 2020 featuring must-know news including news for Melitas Ventures, Trail Mix Ventures, and much more – The NYC Venture Capital Firm News Digest: 5/15/2020
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Onna, the advanced enterprise-wide search engine, has raised $25M in funding according to a recent SEC filing funding. The filing indicates that the total offering is for $27M and that there were seven investors in the round. Investors in previous rounds include Nauta Capital, Dawn Capital, Slack Fund, and Dropbox. Founded by Salim Elkhou in 2015, Onna has now raised a total of $41M in reported equity funding. AlleyWatch published an exclusive interview with Elkour last year after Onna’s Series A round.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Kustomer, the omnichannel customer service management platform, has agreed to acquire Reply.ai, the AI-powered customer service and support platform focused on self-service chatbots. Terms of the transaction were not disclosed – Kustomer Acquires Reply.ai to Bring Intelligent Chatbot Capabilities to its Customer Service Platform
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Nanit, the baby monitoring and sleep tracking platform, has raised an additional $21M in funding from investors that include Jerusalem Venture Partners (JVP), Upfront Ventures, RRE Ventures, and Rho Capital Partners. Founded by Andrew Berman, Assaf Glazer, and Tor Ivry in 2015, Nanit has now raised a total of $49.6M in total reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Immunai, the biotech platform focused on mapping the immune system with single-cell biology and Ai, has raised $20M in funding from investors that include TLV Partners and Viola Group. Immunai was founded by Ansuman Satpathy, Dan Littman, Daniel Wells, Luis F Voloch, and Noam Solomon in 2019.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Rebag, the luxury handbag resale platform, has raised $15M in Series D funding from investors that include Novator and General Catalyst. Founded by Charles-Albert Gorra and Erwan Delacroix in 2014, Rebag has now raised a total of $68.3M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
iCapital Network, the tech-enabled platform to connect advisors to alternative investment managers, has agreed to acquire Artivest, the platform that connects investors to alternative investment opportunities. Terms of the transaction were not disclosed but iCapital will be purchasing the bulk of Artivest’s assets, technology, and management of proprietary funds – iCapital Network Acquires Artivest as Consolidation Continues in Alternative Investments Tech
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Clyde, the point-of-sale extended warranty platform, has raised $14M in Series A funding from investors that include Spark Capital, , RRE Ventures, and Crosslink Capital. Founded by Brandon Gell, Josh Scaglione, and Nick Scaglione in 2017, Clyde has now raised a total of $17.4M in reported equity funding. AlleyWatch has published an exclusive interview with Gell.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
CSI Tech Incubator Fall Application Deadline | 5/31
COVID-19 has been a tough time for startups and the CSI Tech incubator is here to provide support and resources to NYC’s startup community of entrepreneurs. Applications are open for our Virtual 2020 Cohort, which we will provide remotely. We specialize in digital strategy and helping startups find ways to effectively scale revenues and their teams digitally. Click here to learn more about our incubator program. Apply by May 31, 2020.
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The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Vise, the automated investment management platform for financial advisors, has raised $13M in Series A funding from investors that include Sequoia Capital, Founders Fund, Human Capital, Steve Chen, Bling Capital, Lachy Groom, and Jon Xu. Founded by Runik Mehrotra and Samir Vasavada in 2016, Vise has now raised a total of $16.5M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Stellar Health, a point-of-care platform that helps primary care providers earn additional revenue and improve performance against value-based care goals raised $10M Series A, led by and . Founded by Ari Brenner, Ben Kraus, Michael Meng, and Octavian Costache in 2018, Stellar Health has now raised a total of $14.9M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Monument, the online platform for the treatment of moderate alcoholism, has raised $7.5M in Seed funding from investors that include Lerer Hippeau, Collaborative Fund, , , s, and Data Point Capital. Monument was founded by Amit Klein, Justin Geller, and Mike Russell (the team behind MyClean and Paintzen) in 2019.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Northspyre, the cloud intelligence platform for the real estate industry, has raised $7.5M in Series A funding led by with participation from Tamarisc Ventures. Northspyre was cofounded by William Sankey in 2017.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Parsec, the cloud gaming platform, has raised $7M in Series A funding from investors that include Lerer Hippeau, NextView Ventures, Notation Capital, Makers Fund, and HP Ventures Group. Founded by Benjy Boxer and Christopher Dickson in 2016, Parsec has now raised a total of $9.3M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Blockdaemon, the blockchain infrastructure platform focused on node management for financial services applications, has raised $5.5M in venture funding from investors that include Lerer Hippeau, Comcast Ventures, Boldstart Ventures, Fenbushi Capital, Kenetic, HashKey Capital, Heavybit, Blockchain.com Ventures, SPiCE VC, and CoinShares. Founded by Arunram Kalaiselvan and Konstantin Richter in 2017, Blockdaemon has now raised a total of $11.6M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
LexCheck, the automated contract review solution, has raised $3M in Seed funding from investors that include Howard Morgan, Vivek Garipalli, and BNSG Capital. LexCheck was founded by Gurinder Sangha in 2015.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Lolli, the Bitcoin rewards platform, has raised $3M in Seed funding from investors that include Bain Capital Ventures, FJ Labs, Digital Currency Group, Sound Ventures, Pathfinder, Version One Ventures, Craft Ventures, Company Ventures, Guy Oseary, Chapter One Ventures, Abe Burns, Adam Leber, Michelle Phan, and Pir Granoff. Founded by Alex Adelman and Matt Senter in 2018, Lolli has now raised a total of $5.3M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Native, the platform for on-demand local data collection, has raised $2.25M in funding according to a recent SEC filing. The filing indicates that this round comes from five investors and is structured as a convertible note. Lavrock Ventures led the company’s previous round. Founded by Matt McNabb and Steve Kashishian in 2017, Native has now raised a total of $4.75M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
EvolutionIQ, the fraud detection and investigation platform for the insurance industry, has raised $1.89M in funding according to a recent SEC filing funding from investors that include FirstMark, First Round Capital, and Foundation Capital. EvolutionIQ was founded by Michael Saltzman and Tomas Vykruta in 2019 and was previously known as DeepFraud AI.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Queen of Raw, the online marketplace for unused textile sourcing, has raised $1.5M in funding according to a recent SEC filing funding. The filing indicates that this round comes from fourteen investors. Investors in previous rounds include Techstars and Right Side Capital Management. Founded by Phil Derasmo and Stephanie Benedetto in 2014, Queen of Raw has now raised a total of $2M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
PickUp, a sports media platform that seeks to quantify fan sentiment to make it playable or be able to bet on, has raised $1.48M in funding according to a recent SEC filing. The filing indicates that the total offering is for $1.98M and that there were nineteen investors in the close. Brooklyn-based PickUp was founded by Chris Meisner, Dan Healy, and Joe Donenfeld in 2018.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
Declare (fka Parity Partners), the business community for women to promote diverse leadership and gender equality has raised $565K in funding. The filing indicates that the total offering is for $1M and that there were eight investors in the close. Declare was founded by Beth Haggerty, Caryn Effron, and Claudia Iannazzo, and Hilary Gosher in 2016.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.