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 5/18 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Ernesta, Polymarket, ByHeart, and much, much more.
ByHeart – $95M
ByHeart, the vertically integrated infant nutrition company, has raised $95M in Venture funding from investors that include Gaingels, Polaris Partners, D1 Capital Partners, AF Ventures, Red Sea Ventures, Two River, OCV, and Bellco Capital. Founded by Mia Funt and Ron Belldegrun in 2016, ByHeart has now raised a total of $395M in reported equity funding.
Cover Genius – $80M
Cover Genius, the insurtech platform that allows digital businesses to embed insurance offerings into their products, has raised $80M in Series E funding led by Spark Capital. Founded by Angus McDonald and Chris Bayley in 2014, Cover Genius has now raised a total of $245.1M in reported equity funding. AlleyWatch will have a full feature covering this round and much more this week.
SmarterDx – $50M
SmarterDx, a clinical AI company that uses automation to optimize the healthcare revenue cycle, has raised $50M in Series B funding led by Transformation Capital. Founded by Joshua Geleris and Michael Gao in 2020, SmarterDx has now raised a total of $56M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Chapter – $50M
Chapter, a Medicare navigation platform, has raised $50M in Series C funding led by XYZ Venture Capital. Founded by Cobi Blumenfeld-Gantz, Corey Metzman, and Vivek Ramaswamy in 2020, Chapter has now raised a total of $109M in reported equity funding. AlleyWatch will have a full feature covering this round and much more this week.
Polymarket – $45M
Polymarket, a real-time prediction market platform, has raised $45M in Series B funding led by Founders Fund. Founded by Shayne Coplan in 2020, Polymarket has now raised a total of $74M in reported equity funding.
Pepper – $30M
Pepper, a SaaS platform for independent foodservice distributors, has raised $30M in Series B funding from investors that include Index Ventures, Greylock, ICONIQ Growth, Harmony Partners, and Imaginary Ventures. Founded by Bowie Cheung, Chetan Narain, and Ivana Tesanovic in 2019, Pepper has now raised a total of $46M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Pepper Raises $30M to Propel Independent Food Distributors with its SaaS E-Commerce Platform
David Energy – $15.9M
David Energy, an energy provider that leverages software to serve as an energy operating system to bring down cost and optimize usage, has raised $15.9M in funding according to a recent SEC filing. The filing indicates that the total offering is for $25M and there were thirteen investors in this close. Founded by Ahmed Salman, Brian Maxwell, and James McGinniss in 2019, David Energy has now raised a total of $62.5M in reported equity funding.
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Ernesta – $12.5M
Ernesta, a direct-to-consumer custom rug brand, has raised $12.5M in funding according to a recent SEC filing. The filing indicates that this round comes from three investors. Founded by Yong Feng, John Foley, and Hisao Kushi in 2022, Ernesta has now raised a total of $37.5M in reported equity funding.
Symitri – $8.5M
Symitri, a privacy enhancing technology for the digital advertising ecosystem, has raised $8.5M in funding according to a recent SEC filing. The filing indicates that this round comes from eight investors. Symitri was founded by David Kohl in 2024.
Laws of Motion – $5M
Laws of Motion, an AI-powered apparel sizing technology provider and DTC clothing brand, has raised $5M in Venture funding led by Corazon Capital. Founded by Carly Bigi in 2017, Laws of Motion has now raised a total of $6.5M in reported equity funding. AlleyWatch will have a full feature covering this round and much more this week.
Crosby Health – $2.2M
Crosby Health, a healthcare AI platform that uses a proprietary clinical LLM to streamline claims denial management, has raised $2.2M in Pre-Seed funding led by Amplo Ventures. Crosby Health was founded by Louis Ciano and Rishi Gowda in 2022. AlleyWatch broke the news in an exclusive covering the round and much more – Crosby Health Raises $2.2M for its Clinical LLM That’s Revolutionizing Claims Denial Management for Healthcare Providers”
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
