Daily business news in the Great State of New York!
The OMEGA Laser Facility at the University of Rochester Laboratory for Laser Energetics (LLE) has received $83 million in federal funding in the recently passed bipartisan omnibus spending package for Fiscal Year 2022. U.S. Senate Majority Leader Charles Schumer, U.S. Senator Kirsten Gillibrand, and U.S. Congressman Joseph Morelle announced they secured the money for the […]
NEW YORK — Recora has emerged from stealth and has raised $20 million in Series A funding. The company unveiled Recora’s Cardiac Recovery Program for health systems, medical groups and health plans. The oversubscribed funding round was led by SignalFire with participation from Valor Equity Partners and existing investor Pear VC. “Today, one in three people […]
NEW YORK — Axonius, a provider of cybersecurity asset management and SaaS management, has closed $200 million in Series E funding, led by Accel, with participation from new investors Silver Lake Waterman, Alta Park Capital, and Owl Rock, and existing investors Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP. This investment follows […]
NEW YORK — OXIO, the first telecom-as-a-service platform for brands and enterprises with a white-label, fully-customizable solution to help turn brands into telecom carriers, has raised $40 million in Series B funding. The round was led by ParaFi Capital, with participation from Digital Currency Group, Ascend, and Leyden; as well as existing investors Multicoin Capital, Monashees, […]
NEW YORK — Policygenius, a one-stop shop for purchasing insurance online, has closed $125 million of Series E funding, bringing the company’s total funding to more than $250 million. All existing major investors participated in the round, including KKR, Norwest Venture Partners, and Revolution Ventures. New investors included several of the largest annuity and life insurance carriers […]
NEW YORK — J2 Health — a B2B healthcare SaaS company — has raised a $4.5 million Seed investment round, led by venture capital firms Primary Ventures, Tiger Global and BoxGroup to enable healthcare organizations to optimize provider network performance. Mario Schlosser, CEO of Oscar Health, also participated in the round. Most Americans access healthcare through a […]
NEW YORK — Argyle, an employment data platform that provides companies access to user-permissioned employment records in real time, has raised a $55 million Series B round led by SignalFire with participation from current investors including Bain Capital Ventures, Bedrock, and Checkr. The capital infusion will be used to accelerate the growth of its in-house […]
SCHENECTADY – DSD Renewables (DSD), a provider of solar power solutions to companies, has secured a $200 million preferred equity investment from a fund managed by the Infrastructure and Power strategy of Ares Management Corporation (Ares) to fuel its continued strategic growth. The capital will be used to support DSD’s expanding pipeline of future projects in the commercial […]
NEW YORK — Coast, a platform that offers a simple and smart way for companies to control fuel and fleet spending, has raised $27.5 million in Series A financing led by Accel and Insight Partners. The round includes participation from existing investors Avid Ventures, Better Tomorrow Ventures, and BoxGroup, as well as a number of prominent angels. The company is backed by founders […]
NEW YORK — Nayya Health, a benefits experience and healthcare management platform, has raised $55 million in Series C financing led by existing investor ICONIQ Growth. New investors Transformation Capital also participated along with existing investors Felicis Ventures and SemperVirens. As part of the financing deal, Mike Dixon from Transformation Capital will join the company as a […]
NEW YORK — Sanzo, the first-ever Asian-inspired sparkling water brand founded by Queens-born, Filipino American Sandro Roco has raised $10 million in a Series A financing round, led by CircleUp Growth Partners and with participation from Convivialite Ventures, Semillero Partners, Gold House Ventures, Kaya Ventures, and Francisco Crespo, the former senior strategic advisor to the CEO and Chairman of the […]
NEW YORK — Flume Health, a Health-Plan-as-a-Service platform that simplifies the design and management of healthcare plans, has raised $30 million in Series A funding led by Optum Ventures. New investor Cigna Ventures and existing investors Crosslink Capital, Route 66 Ventures, Accomplice, Founder Collective, Primary Venture Partners and ERA’s Remarkable Ventures Fund also participated in […]
NEW YORK — Popchew, a startup creating the next generation of fun food brands and experiences, has raised $3.6 million in seed funding to launch a new digitally native food brand each month with creators. Long Journey Ventures led the round with participation from Jake Paul’s Anti Fund, Flybridge, WndrCo, the Uber Alumni Syndicate, and […]
NEW YORK — FreeWill, a social-good enterprise at the nexus of philanthropy and estate planning, has raised $30 million in Series B funding round led by Bain Capital Double Impact alongside existing investors. This round follows a previous Series A financing led by ICONIQ Growth, which also included QED Investors, Ulu, Highland, Pear, and HearstLab. FreeWill will use the […]
NEW YORK — Daybase, a provider of co-working spaces, has closed on a $9.6 million seed funding round. This financing will enable further development of the company’s growing network of on-demand, professional-grade coworking locations in residential areas, along with new tools to support hybrid workers and companies. The funding round was led by True Ventures and included […]