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 7/31 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Oova, Lithic, Realm, and much, much more.
iCapital Network – $440M – venture
iCapital Network, an alternative investment marketplace, has raised $440M in venture funding led by Temasek. Founded by Dan Vene, John Robertshaw, Nick Veronis, and Phil Pool in 2013, iCapital Network has now raised a total of $679.2M in reported equity funding.
Fireblocks – $310M – Series D
Fireblocks, a blockchain security infrastructure platform, has raised $310M in Series D funding from investors that include Sequoia Capital, Spark Capital, Coatue, Stripes, DRW Venture Capital, BNY Mellon, and SCB 10X. Founded by Idan Ofrat, Michael Shaulov, and Pavel Berengoltz in 2018, Fireblocks has now raised a total of $489M in reported equity funding.
ByHeart – $90M – Series B
ByHeart, an infant nutrition company, has raised $90M in Series B funding from investors that include Polaris Partners, D1 Capital Partners, Red Sea Ventures, Two River, OCV, AF Ventures, and Gaingels. Founded by Mia Funt and Ron Belldegrun in 2016, ByHeart has now raised a total of $160M in reported equity funding.
Squire – $60M – Series D
Squire, the barbershop management platform, has raised $60M in Series D funding from investors that include Tiger Global Management, ICONIQ Capital, Charles River Ventures, and Trinity Ventures. Founded by Dave Salvant, Songe LaRon, and Yas Tabasam in 2016, Squire has now raised a total of $145.1M in reported equity funding.
Suzy – $50M – Series D
Suzy, the enterprise market research platform, has raised $50M in Series D funding led by H.I.G. Capital. Founded by Brandon Evans, Dan LaFontaine, Kareem Kouddous, and Matt Britton in 2009, Suzy has now raised a total of $104.1M in reported equity funding. AlleyWatch broke the news of this round in a full feature – Suzy Nabs Another $50M for its On-Demand Market Research Platform
This NYC Investing Platform Sold a Painting Generating Returns That Rival Hedge Funds and Private Equity.
The 80-person startup, Masterworks.io, is disrupting the white-hot art market. In the digital world, an NFT by Beeple recently sold for $69M. More importantly in the contemporary art world, a Basquiat painting sold for $93M, which was purchased for only $900K in 2001.
However, the high capital requirement and expertise needed to select top tier works locks most people out of this thriving asset class.
Luckily, Masterworks.io changes that. Their innovative technology and industry-leading research let you invest in works by artists like Bansky and Basquiat without needing $20M. Masterworks sold their first work, a Banksy in 2020, for a 32% net annualized return. Those are the types of returns typically found in the hedge fund or PE world.
Over 185,000 have already signed up, and AlleyWatch readers can skip the waitlist today with this special link
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Lithic – $50M – Series C
Lithic, a virtual and physical payment card issuing platform, has raised $50M in Series C funding led by Stripes. Founded by Boling Jiang, David Nichols, and Jason Kruse in 2014, Lithic has now raised a total of $110M in reported equity funding.
Talkiatry – $15M – Series A Extension
Talkiatry, a mental health platform that connects patients with in-network providers both virtually and in-person, has raised $15M as a Series A extension led by Left Lane Capital. Founded by Robert Krayn in 2019, Talkiatry has now raised a total of $20M in reported equity funding.
Livepeer – $20M – Series B
Livepeer, a platform for decentralized live video broadcasting, has raised $20M in Series B funding from investors that include Digital Currency Group, Northzone, Coinbase Ventures, CoinFund, Animal Ventures, and 6th Man Ventures. Founded by Doug Petkanics and Eric Tang in 2017, Livepeer has now raised a total of $31M in reported equity funding.
Behalf – $19M – venture
Behalf, a financing solution for B2B transactions, has raised $19M in venture funding from investors that include Vintage Investment Partners, MissionOG, Viola Growth, Migdal Insurance and Financial Holdings, and La Maison Partners. Founded by Benjy Feinberg, Jeremy Esekow, and Shai Feinberg in 2011, Behalf has now raised a total of $112M in reported equity funding.
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Rodo – $18M – Series B
Rodo, a platform for leasing new cars, has raised $18M in Series B funding led by Holman Enterprises and Evolution VC Partners. Founded by Amir Lahav, Nathan Hecht, Rajib Ahmed, Zorah Anapolsky in 2016, Rodo has now raised a total of $44.6M in reported equity funding. The company was previously known as Honcker.
Realm – $12M – Series A
Realm, a homeownership data platform, has raised $12M in Series A funding from investors that include GGV Capital, Lerer Hippeau, Primary Venture Partners, and Liberty Mutual Strategic Ventures. Founded by Liz Young in 2019, Realm has now raised a total of $15M in reported equity funding. AlleyWatch broke the news of this round in an exclusive feature – Realm Raises Another $12M to Let Homeowners Really Understand and Optimize the Value of Their Homes Using Data
Catch – $12M – Series A
Catch, a benefits platform that isn’t tied to employers, has raised $12M in Series A funding from investors that include Khosla Ventures, Crosslink Capital, Nyca Partners, Kindred Ventures, and Urban Innovation Fund. Founded by Andrew Ambrosino and Kristen Anderson in 2017, Catch has now raised a total of $20M in reported equity funding.
Lalo – $5.6M – Seed
Lalo, a baby and todler brand, has raised $5.6M in Seed funding led by Willow Growth Partners. Lalo was founded by Greg Davidson, Jane Daines, and Michael Wieder in 2019. AlleyWatch broke the news of this round in a full feature – Lalo Raises Another $5.6M for its Direct-to-Consumer Baby Product Brand
Revelio Labs – $4M – Seed
Revelio Labs, a workforce intelligence platform, has raised $4M in Seed funding from investors that include Barclays, K20 Fund, NYU Innovation Venture Fund, BDMI, BoxOne Ventures, DataFrame Ventures, and 840 Venture Partners. Revelio Labs was founded by Ben Zweig and Yedidya Gorsetman in 2018.
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Norby – $3.8M – Seed
Norby, a creator marketing tool kit, has raised $3.8M in Seed funding led by Gradient Ventures. Norby was founded by Samantha Safer Valentine, Nick Gerard, and Steven Layne in 2020.
NOVOS – $3.6M – funding according to a recent SEC filing
NOVOS, the makers of a drink supplement to slow down aging, has raised $3.6M in funding according to a recent SEC filing. The filing indicates that there were thirty-eight investors in the round. NOVOS was founded by Christopher Mirabile and Kris Verburgh in 2019.
HIVE Diversity – $2.4M – funding according to a recent SEC filing
HIVE Diversity, a virtual recruitment platform focused on diversity, has raised $2.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3M and that there were fifteen investors in this close. Founded by Byron Slosar in 2020, HIVE Diversity has now raised a total of $5.3M in reported equity funding.
Oova – $1.2M – Seed
Oova, the at-home fertility testing and management platform, has raised $1.2M in Seed funding led by BBG Ventures. Founded by Amy Divaraniya, Jerome Scelza in 2017, Oova has now raised a total of $2.2M in reported equity funding.
Mint Comedy – $1.125M – funding according to a recent SEC filing
Mint Comedy, an online streaming comedy platform, has raised $1.125M in funding according to a recent SEC filing. The filing indicates that the round comes from two investors. Founded by Omar Elrabie and Mustafa Abuelhija in 2018, Mint Comedy has now raised a total of $1.175M in reported equity funding.
This NYC Investing Platform Sold a Painting Generating Returns That Rival Hedge Funds and Private Equity.
The 80-person startup, Masterworks.io, is disrupting the white-hot art market. In the digital world, an NFT by Beeple recently sold for $69M. More importantly in the contemporary art world, a Basquiat painting sold for $93M, which was purchased for only $900K in 2001.
However, the high capital requirement and expertise needed to select top tier works locks most people out of this thriving asset class.
Luckily, Masterworks.io changes that. Their innovative technology and industry-leading research let you invest in works by artists like Bansky and Basquiat without needing $20M. Masterworks sold their first work, a Banksy in 2020, for a 32% net annualized return. Those are the types of returns typically found in the hedge fund or PE world.
Over 185,000 have already signed up, and AlleyWatch readers can skip the waitlist today with this special link
