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 a few of things that you may have missed in NYC Tech News this week including the fundings, exits, and events.
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Better Cloud, the SaaS operations management platform founded by David Politis in 2011, has raised $60M in Series E funding. Investors in the round include Accel Partners, Greycroft, Bain Capital Ventures, Flybridge Capital Partners, Tribeca Venture Partners, and New Amsterdam Growth Capital. The company has now raised a total of $106.9M in funding over six funding rounds.
We took a look at the top fundings in NYC for the month of March. It was a stellar month with over $800M in fundings announced.
These are the 10 Largest NYC Startup Funding Rounds of March 2018
WorkFusion, the platform focused on enterprise level business process automation using AI and robotics, has raised $50M in Series E funding from investors that include iNovia Capital, NGP Capital, Georgian Partners, Hawk Equity, and Declaration Partners. Founded by Andrew Volkov and Max Yankelevich in 2010, WorkFusion has now raised a total of $121.3M in funding over six funding rounds.
The first quarter of Q1 2018 is in the books and we took a look at some of the largest rounds to start of the year
These 20 NYC Startups Raised the Most Amount of Capital During Q1 of 2018
Daily texting app Shine has raised $5M in Series A funding from investors that include Comcast Ventures, Betaworks, BBG Ventures, Felix Capital, and New York Times Digital. Founded by Marah Lidey and Naomi Hirabayashi in the summer of 2015, Shine has now raised a total of $8.3M in funding over three rounds.
Our friends at Primary Venture Partners took a look at the trends that shaped the seed deal arena in NYC in Q1
Optimism and Seed-Stage FOMO Persist Despite 2018’s Lackluster Start
Datazoom, the data management platform for video players founded by Diane Strutner and Jason Thibeault in 2017, has raised $700K in funding led by Brooklyn Bridge Ventures.
Full story here:
Datazoom Raises $700K to Enable You to Effectively Manage Video Data
We took a more comprehensive look at the fundings rounds in NYC broken down by deal stage.
The March 2018 NYC and US Venture Capital and Early Stage Funding Report
Genvid Technologies, the providers of software infrastructure applications for eSports broadcasting, has raised $6M in funding from investors that include OCA Ventures, March Capital Partners, and Makers Fund. Founded by Fabien Ninoles in 2016, Genvid has now raised a total of $10M in funding over three rounds.
RotoQL, the analytics platform for daily fantasy sports, has raised $3M in Seed funding from investors that include Azure Capital Partners, Boston Seed Capital, Karlani Capital, Velo Partners, Oakvale Capital, and Don Best. Fouded in 2015 by Frank Kim, Justin Park, and Mike Shiekman, RotoQL has now raised a total of $4.7M in funding over three funding rounds.
Radformation, the workflow application for radiology founded by Kurt Sysock, has raised $765K in funding according to a recent SEC filing.
Chainalysis, the blockchain compliance solution for financial institutions, has raised $16M in Series A funding from investors that include Benchmark and Digital Currency Group. Founded by Jan Moller, Jonathan Levin, and Michael Gronager in 2014, Chainalysis has now raised a total of $17.6M in funding over two reported rounds.
Comet, the GitHub for machine learning that allows you to track code experiments, and results, has raised $2.3M in Seed funding from investors that include Techstars Ventures, Founders’ Co-op, Two Sigma Ventures, Trilogy Equity Partners, and Fathom Capital. This is the first round of fudning for Comet which was founded by Gideon Mendels and Nimrod Lahav in 2017.
Coin Out, the mobile application that allow you to earn cash back from retailers for uploading receipts that was founded by Jeffrey Witten in 2015, has raised $1.2M in funding according to a recent SEC filing. The company previously raised a round of $650K in 2016 led by Intuit and Apple veteran Bill Campbell.