Daily business news in the Great State of New York!
NEW YORK — Converge Insurance, a company specializing in advanced cyber risk management and underwriting, has lanced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined the company’s Board of Directors as part of the financing. In 2021, 61% of small to medium-sized businesses (SMBs) were the target of a cyberattack. Meanwhile, 60% of […]
NEW YORK — Paccurate, a platform for optimizing carton sizes for shipping and fulfillment, has closed a $3.5 million round led by Atlanta-based Tech Square Ventures. TSV was joined by Las Olas Venture Capital and Royal Street Ventures, with significant participation from existing investors SpringTime Ventures, Grand Ventures, FirstMile Ventures, and Cannell Venture Partners. Vasant Kamath, […]
NEW YORK — Renewa, a leading land and infrastructure investor in the renewable energy industry, has secured $450 million (US) of committed capital, led by QIC, a leading institutional investment manager and advisor. The new capital will enable the company to further its mission to help advance the transition to renewable energy in the United States. Renewa, which owns one of […]
NEW YORK — Ramp, a finance automation platform designed to help businesses spend less, has announced a $300 million Series D investment round. The company plans to use the new capital to increase product development and expand into adjacent categories. Thrive Capital, Sands Capital, General Catalyst, Founders Fund, and other existing investors all participated in […]
NEW YORK — Offsite, which operates a platform for remote and hybrid companies planning team retreats, has raised $3 million to help create more connected workforces through in-person experiences. Since launching in 2021, Offsite has planned hundreds of team retreats in over 15 countries for clients ranging from hospitals to hedge funds, focused primarily on supporting […]
LONG ISLAND — PM Pediatric Care, a nationally recognized leader in the delivery of pediatric care, recently landed $50 million in Series E equity funding led by Scopia Capital, including Jefferson River Capital. The new funding will be used to accelerate expansion of the company’s world-class urgent care network; its newer service offerings, including its mental and […]
NEW YORK — Vessel Technologies, Inc., a mission-driven housing product development company and franchisor that offers a high-quality, sustainable, and attainably priced housing solution, has secured Series A funding from co-lead investors Mastry Ventures and LENx, the venture arm of homebuilder Lennar. The terms of the investment were not disclosed but will accelerate Vessel’s growth, supporting continued […]
NEW YORK — IP Fabric, a network security company, has closed a $25 million Series B funding round led by One Peak with the participation of Senovo and Presto Ventures. The new funds will help IP Fabric’s mission of making network assurance ubiquitous so that people, businesses, and governments can operate without the exponential risk of network […]
NEW YORK — Venn Software has been awarded a patent for securing remote work on any computer. The company also has raised $29 million in Series A Funding, led by NewSpring to support its product development, growth, and customer demand. Venn is the first company to deliver an MDM-like solution for laptops. MDM (Mobile Device Management) is frequently used by […]
BROOKLYN — Amplify, a publisher of next-generation curriculum and assessment programs, has raised a Series C funding round led by media and automotive company Cox Enterprises. Cox joins Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures. The amount raised was not disclosed. The funding will support Amplify in continuing to expand the […]
TROY, NY — A former punter for the Rensselaer Polytechnic Institute (RPI) football team has made a $1 million gift to his alma mater’s football program. The gift — made by successful businessman Brendan Keegan, RPI Class of 1991 and his wife, Dana Keegan — is by far the largest gift ever received in the […]
NEW YORK — Antimetal, a cloud cost optimization platform for users of Amazon Web Services (AWS), emerged from stealth and has raised a $4.3 million seed round led by Framework Ventures. Additional participants include Chapter One and IDEO CoLab Ventures, amongst others. While in private beta, Antimetal’s platform helped 35+ companies—from startups to Fortune 500s—cut cloud costs by […]
NEW YORK — AvantGuard, a fast-growing company in the antimicrobial industry, has completed a $2.85 million seed funding round. The funds will be used to accelerate the development and expansion of its innovative antimicrobial chemistries, as well as to hire additional scientists to further develop the product and expand the company’s global reach. The round […]
NEW YORK — Novata, a technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series B funding round with $30 million. This significant capital raise enables Novata to meet the private markets’ critical need for a simple and secure data […]
NEW YORK – Transcend Therapeutics, a biotechnology company that develops medicines to treat neuropsychiatric diseases, including post-traumatic stress disorder (PTSD), has recently closed a Series A funding round of $40 million. Led by Alpha Wave Global and Integrated Investment Partners, this funding round will enable Transcend to launch multiple clinical trials, including a phase II study, with […]