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 ending 4/13 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Lemonade, Bentobox, YieldStreet, and much more…
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Lemonade, the insurance platform for renters and homeowners, has raised a whopping $300M in Series D funding from investors that include GV, General Catalyst, Thrive Capital, SoftBank, and Allianz. Founded by Daniel Schreiber and Shai Wininger in 2015, Lemonade has now raised a total of $480M in reported equity funding and this round comes at a reported post-money valuation north of $2B.
YieldStreet, the alternative investment platform for retail investors, has agreed to acquire Athena Art Finance from the Carlyle Group and its co-investors for $170M. Full coverage – YieldStreet Acquires Athena
Cityblock Health, the healthcare platform focused on underserved urban communities, has raised $65M in funding from investors that include Redpoint, StartUp Health, Thrive Capital, Maverick Ventures, 8VC, Echo Health Ventures, Sidewalk Labs, Town Hall Ventures, and Emblem. Founded by Bay Gross, Iyah Romm, Mat Balez, and Toyin Ajayi in 2017, Cityblock Health has now raised a total of $85.8M in reported equity funding.
Trilogy Education, a white-label platform for universities to offer educational bootcamps for coding, data analytics, UX/UI, and cybersecurity, has been acquired by 2U, a diversified education technology company, for $750M. Full coverage – Trilogy Education Acquired by 2u for $750M.
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BentoBox, the operations platform for restaurants, has raised $16.4M in Series B funding from investors that include Bullpen Capital, Haystack, Female Founders Fund, and Threshold Ventures, Founded by Krystle Mobayeni and Pierre Drescher in 2013, BentoBox has now raised a total of $23.6M in reported equity funding.
Extend, the virtual credit card platform for businesses, has raised $11M in Series A funding from investors that include Plug and Play, FinTech Collective, Point72 Ventures, City National Bank, WorldQuant Ventures LLC, and Reciprocal Ventures. Founded by Andrew Jamison, Danny Morrow, and Guillaume Bouvard in 2017, Extend has now raised a total of $14M in reported equity funding.
Radar, the location context platform, has raised $8M in Series B funding from investors that include Accel, Two Sigma Ventures, Scott Belsky, and Heavybit. Founded by Coby Berman and Nick Patrick in 2016, Radar has now raised a total of $10.5M in reported equity funding.
According to a recent SEC filing, Gust has raised an additional $4M in funding in what appears to be a convertible note. The indicates that that the total offering is for $7.5M and that there were twenty-six participants in this round. Gust was founded by David S. Rose in 2004.
According to a recent SEC filing, Bozburn has raised $2.75M in funding. The filing indicates that nine investors participated in the round. Listed in the filing are Eytan Daniyalzade and Berk Atikoglu, who previously founded Stylr, which was acquired by Walmart Labs in 2014. Also listed is Micah Rosenbloom of seed stage investment firm Founder Collective.
According to a recent SEC filing, Canoe, the data management platform for the financial services, has raised $1.2M in funding in what appears to be a convertible note. The filing indicates the total offering is for $2M and that twenty-one individuals participated in this close. The filing lists Seth Brotman as an Executive and Sam Klatt (Portage Partners) and Michael Leffell (Portage Partners and Davidson Kempner Capital) as Directors.
