Daily business news in the Great State of New York!
NEW YORK — C2i Genomics, a company dedicated to improving cancer patient lives and outcomes with a breakthrough tumor pattern recognition approach for liquid biopsy, has raised $12 million in its Series A financing. The financing was led by Casdin Capital and joined by additional new investors including NFX Capital, The Mark Foundation for Cancer […]
NEW YORK — Artificial Intelligence (AI) start-up Accern announced it has closed a $13 million Series A funding round to expand its customer base and further develop its no-code AI platform that drives organization-wide efficiency. Fusion Fund led the Series A round for the four-year-old startup. Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and […]
NEW YORK — Lili, creator of all-in-one banking app designed for freelance workers, has raised a $10 million seed funding round led by Group 11, with major participation from Foundation Capital, AltaIR Capital, Primary Venture Partners and Torch Capital. Funds will be used to build out the Lili platform and expand the company’s product, marketing […]
NEW YORK — Hyperscience announced it has scored a $60 million Series C financing round led by Bessemer Venture Partners with major investment by Tiger Global, along with existing investors Stripes Group, FirstMark Capital, Battery Ventures, Felicis Ventures, and 3KVC, as well as new investors Gaingels and Penna & Company. Founded in 2014, Hyperspace offers a platform to help companies automate tasks such […]
NEW YORK — Caraway, which sells a line of cooking products directly to customers, has raised a $5.3 million seed round, with plans to expand their product line and distribution channels. The funding comes from over 100+ investors, with a balance of traditional venture capital funds, consumer-focused angels, and other successful entrepreneurs who lend their […]
NEW YORK — Chief, which operates a private social network for female executives, has secured $15 million in new funding from all of its existing investors, including General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital and BoxGroup. This latest round brings Chief’s total funding to $40 million. Headquartered in NYC, Carolyn Childers […]
NEW YORK – Spruce, which operates a national platform for enabling online real estate transactions with title and escrow solutions, has raised $29 million in Series B funding led by Scale Venture Partners, with participation from Zigg Capital, Bessemer Venture Partners, and Gramercy Ventures. The new funding will support the company’s expansion, accelerate development of […]
NEW YORK — Fire Hydrant announced an $8 million Series A funding round from Menlo Ventures and Work-Bench to simplify the management of complex systems for businesses everywhere from startups to Fortune 500 companies. Fire Hydrant plans to use the new funding to hire talent, build exciting new features, and upgrade its existing product to […]
NEW YORK — MakeSpace, an on-demand storage company, has raised $55 million in equity financing and some debt from the global leader in storage and information management services, Iron Mountain, with participation from 8VC, Upfront Ventures, Maywic Select Investments, Ten Eighty, Provenio Capital, and CX Collective. This new funding follows a year of big growth […]
NEW YORK — Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms, has raised $7.5 million in Series A funding led by Craft Ventures, with participation from Tamarisc Ventures. Northspyre is trying to disrupt traditional commercial real estate project delivery with modern technology, automation and data-driven proactive insights. Since launching […]
NEW YORK – DigitalOcean, which operates a cloud-based service for developing software, announced it has closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z). The funding follows the $320 million debt financing in February and brings DigitalOcean’s equity valuation to $1.15 billion. “We are excited about this investment […]
New York-based Cockroach Labs has closed an $87 million series D financing round co-led by Altimeter Capital and Bond Capital. Altimeter led the company’s $55 million Series C funding last August. Other investors in Cockroach Labs include Tiger Global, GV — formerly Google Ventures — and Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench. […]
NEW YORK – White Ops, a provider of bot mitigation and fraud protection, says it has received an undisclosed investment from Goldman Sachs Merchant Banking Division and ClearSky Security to support its next phase of growth. With this investment, a member of the Goldman Sachs team will join representatives from previous investors Paladin Capital Group […]
BROOKLYN — Fat Snax, a maker of low-carb & keto snacks, has closed a $4.5 million Series A funding led by BFG Partners and BIGR (Boulder Investment Group Reprise) Ventures. The Brooklyn-based brand, which launched their cookies online in March 2017, anticipates significant growth in 2020, fueled by this round of financing. An initial direct-to-consumer strategy […]
NEW YORK — Stash, one of the fastest-growing banking and investing services in the U.S., has raised $112 million in Series F funding. The round included number-one money marketplace, LendingTree, and funds and accounts advised by T. Rowe Price Associates, Inc., as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, Entree Capital, and other […]