Bread Secures $126 Million Financing


NEW YORK — Bread, a consumer purchase finance technology company that builds customizable payment solutions for online merchants, has completed $126 million of equity and debt financing. Menlo Ventures led the equity round, with participation from Bessemer Venture Partners, RRE Ventures, and others.  The debt facility was provided by Victory Park Capital. Bread improves conversion and raises average order …

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Betterment Adds $70 Million Investment


NEW YORK — Betterment, an independent online financial advisor, has secured an additional $70 million round of funding, an extension of last year’s Series E. Swedish investment company Kinnevik led the round, extending its financing from last year. Previous investors Bessemer Venture Partners, Menlo Ventures, and Francisco Partners also participated in the round. Over the past …

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Artsy Raises $50 Million


NEW YORK — Artsy, a web platform for discovering and collecting art, has raised a $50 million Series D investment round led by NY-based Avenir Growth Capital. Other investors include L Catterton, Thrive Capital, Shumway Capital and leaders in art, media, and technology, including Larry Gagosian (founder of Gagosian Gallery), Joe Gebbia (Airbnb co-founder), members …

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Troy Game Studio Raises $7 Million in Funding

  TROY, NY — Velan Studios, based in upstate Troy near Albany, announced it has completed its Series A financing with $7 million in new capital. It is one of the largest investments of its kind for experimental games and was led by Velan Ventures along with additional investment partners. As part of the investment round, …

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SiteTraker Scores $11 Million

MONTCLAIR, NJ — SiteTraker, the first complete program and asset management platform designed to modernize end-to-end infrastructure and capital project execution, has raised $11 million in Series A financing led by New Enterprise Associates, Inc. (NEA).  Proceeds from the financing will be used to accelerate the SiteTraker Program & Asset Management platform roadmap, deepen customer engagement and continue market expansion. …

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Flashpoint Secures $28 Million Series C Round


NEW YORK — Flashpoint, a leader in Business Risk Intelligence (BRI), has closed a $28 million Series C funding round led by new investor Georgian Partners. Existing Flashpoint investors Greycroft Partners, TechOperators, Leaders Fund, Jump Capital, Bloomberg Beta, and Cisco Investments also participated in the round. “Georgian Partners brings with it not only a significant …

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Transfix Raises $42 Million


NEW YORK — Transfix, which develops logistics software for the trucking industry, has closed a $42 million Series C round of funding, led by venture capital firm New Enterprise Associates (NEA). Additional investors in the round include Canvas Ventures, Lerer Hippeau Ventures and other strategic investors. Transfix plans to use the funds to further develop its software platform and grow its technology …

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Private Equity Firm Invests in Equinox


NEW YORK — The fitness chain Equinox says it has received a significant minority investment from private equity firm L Catterton based in Greenwich, CT. The amount of the investment was not disclosed. Equinox operates 89 upscale, full-service clubs in New York, Los Angeles, San Francisco, Miami, Chicago, Boston, Dallas, Houston and Washington, DC, as …

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ClassPass Scores $70 Million Funding Round


NEW YORK — ClassPass, which offers membership to fitness studios in NY and major cities, has scored its largest funding to date, raising $70 million in a Series C round of financing led by Singapore investment fund Temasek, along with current ClassPass investors Acequia Capital, CRV, General Catalyst, GV, M13 and Thrive.  ClassPass will use the financing …

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Nestle Leads $77 Million Round in Freshly


Nestlé USA has led a $77 million round of new funding for Freshly, a New York company that makes healthy prepared meals sent directly to customers. Freshly currently supplies consumers in 28 states with weekly shipments of meals. As the lead investor, Nestlé is entering an online prepared meals market that is currently $10 billion in size in the United States and …

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Casper Raises $170 Million Series C Funding


NEW YORK — Casper, a maker of fine mattresses, has closed a $170 million Series C investment round led by national retailer Target. Other investors include Tresalia, IVP, Norwest, Lerer Hippeau Ventures, NEA, and Irving Capital. The company also has some notable celebrity entertainers and athletes joining the round — including Kevin Spacey, Curtis “50 Cent” Jackson, Carmelo Anthony, Kyrie Irving, Shaun White, …

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Policy Genius Secures $30 Million


NEW YORK  – PolicyGenius, a consumer insurance startup based in NY, has closed a $30 million Series C funding round led by Norwest Venture Partners with participation from all existing investors including Revolution Ventures. Investors from previous rounds also participated in this Series C round including Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures and …

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