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 for the week of 8/5/18 to 8/11/18 including the NYC startup fundings, NYC startup exits, and NYC Tech events.
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Online marketplace letgo has raised an additional $500M in funding from Naspers. The funding comes in tranches and letgo has received $150M initially. Letgo was founded by Alec Oxenford, Enrique Linares, and Jordi Castello in 2015 and has now raised a total of $975M.
Online pharmacy Capsule has raised $50M in Series B funding led by Thrive Capital and Glade Brook Capital with participation from existing investors. Founded by Eric Kinariwala in 2016, Capsule has now raised $70M in reported funding.
Omnichannel personalized marketing platform Dynamic Yield has raised an additional $32M in Series D funding from investors that include Viola Growth and Union Tech Ventures. Founded by Liad Agmon and Omri Mendellevich in 2011, Dynamic Yield has now raised a total of $77.3M in funding over six funding rounds.
Personalized vitamin startup Care/ of has raised $29M in Series B funding from investors that include Goodwater Capital, Juxtapose, and Goldman Sachs Investment Partners. Founded by Akash Shah and Craig Elbert in 2016, Care/of has now raised a total of $46M in funding over four funding rounds.
Even Financial, the fintech platform for financial institutions to generate demand based on intent through a variety of integrated tools, has raised $18.8M in funding led by GreatPoint Ventures with participation from Goldman Sachs, Canaan Partners, F-Prime Capital, Lerer Hippeau and others.
Cybersecurity platform Capsule8 has raised $15M Series B round of funding led by ClearSky Security with participation from investors that include Bessemer Venture Partners, and Rain Capital. Founded by Brandon Edwards, Dino Dai Zovi, John Viega, and Pete Markowsky in 2016, Brooklyn-based Capsule8 has now raised a total of $23.5M in funding over three funding rounds.
SPARK Neuro, the measurement platform for audience engagement that uses neuroscience founded by Spencer Gerrol in 2016, has raised $13.5M in funding from investors that include Will Smith, Thiel Capital, and Michael Eisner.
Klara, the medical messaging platform, has closed $11.5M in Series A funding from investors that include Lerer Hippeau, Project A, Nat Turner, Zach Weinberg, Clark Valberg, and FirstMark Capital. Founded in 2013 by Simon Bolz and Simon Lorenz, Klara has now raised a total of $17M in funding over five funding rounds.
Libra, the back office software for managing crypto assets, has closed $12.7M in funding according to a recent SEC filing. The company was founded in 2014 by Jake Benson.The filing indicates that there were 9 participants in the round.
Good Catch, the company behind plant-based seafood, has secured $8.7M in Series A funding from investors that include Starlight Ventures, New Crop Capital, Stray Dog Capital, M13, Thrive Market, PHW Group, FreshDirect, Clear Current Capital, VegInvest, Rocana Capital, EverHope Capital, Blue Horizon Corporation, and Baleine & Bjorn Capital. Good Catch was founded by Chad Sarno, Eric Schnell, and Marci Zaroff in 2016.
Blockchain-based auction house for arts and collectibles Portion has raised $5.5M in funding. Portion was founded by Jason Rosenstein and Peter Engleman in the fall of 2016 and this is the company’s second round of funding.
Full coverage: Portion Raises $5.5M to Become the Go-To Auction House for Artwork and Collectibles
Blissfully, the platform for enterprises to manage their SaaS usage, has raised $3.5M in additional funding from investors that include Founder Collective, Hummer Winblad Venture Partners, and HubSpot. Founded by Aaron White and Ariel Diaz in 2016, Blissfully has now raised a total of $6.1M in funding over three rounds.
The strategic platform moved helps people to successfully plan their move from start to finish through its all-encompassing network. Founded by Adam Pittenger, this startup raised $3.2M in capital led by Lowe’s Ventures and including participation from FJ Labs, AngelPad, and Real Estate Technology Ventures.
Yotpo, the content marketing platform, has acquired Boston-based incentive marketing company Swell Rewards. Terms of the transactions were not disclosed.
“The current commerce marketing stack is bloated—too many disparate point solutions are making brands less agile, efficient, and competitive than they could be,” said Tomer Tagrin, Cofounder and CEO, Yotpo. “By acquiring Swell Rewards, Yotpo will be able to offer a one-stop destination for activating customer advocacy and brand loyalty. And, using our AI, we’ll be able to unlock product and data synergies that will improve acquisition, increase sales, and maximize customer lifetime value. We’re thrilled to forge the next chapter of eCommerce with Swell Rewards, whose team, culture, priorities, and vision are a true complement to Yotpo’s.”
