Daily business news in the Great State of New York!
NEW YORK — Buildstock, a B2B marketplace for construction materials, has secured $1.6 million in pre-seed funding from Precursor, MGV, XFactor, RefashionD and angel investors, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v Capital). The Buildstock platform empowers builders and suppliers by streamlining sales and procurement, driving savings of money […]
NEW YORK — Groover, a music promotion platform, announces today an $8 million Series A funding round, led by investors OneRagtime, Trind, Techmind, and MozzaAngels, and supported by historical backers, Partech, Bpifrance‘s Tech & Touch fund, Verve Ventures, and Frenchfounders. This new financing will consolidate Groover’s position as an all-in-one platform solution by integrating additional services such as promotion, marketing, coaching, and career development support, additionally to […]
NEW YORK — Knock is raising $12 million in a Series A round led by David Sacks from Craft Ventures. He is the Founder of Yammer, former COO of PayPal, an investor in Slack, Opendoor, and SpaceX, and also good friends with Gwyneth Paltrow. Knock has developed a flexible, reliable notifications infrastructure for developers that’s […]
NEW YORK — Duetti, a music financing platform aimed at independent artists, has landed $90 million in new funding. This includes $15 million of new equity, alongside a new $75 million credit facility. The equity financing is led by Nyca Partners, alongside Viola Ventures, Duetti’s lead seed equity investor, and Cohen Circle. The $75 million credit facility is being provided by Northleaf Capital Partners. […]
NEW YORK – Coalesce Capital, a private equity firm investing in human capital-driven and technology-enabled services companies, announced the closing of its inaugural fund, Coalesce Capital Fund I LP, and parallel vehicles, with $900 million in total capital commitments. The Fund was oversubscribed and secured investor commitments in nine months, above its original target of […]
NEW YORK and SAN FRANCISCO – Nasdaq Private Market (NPM), a leading provider of liquidity solutions to private companies, their employees, and investors, has closed its Series B financing. The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs. New investors in the Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells […]
NEW YORK — Ezra, the healthcare Artificial Intelligence (AI) company transforming MRI imaging and early cancer detection, has raised $21 million in new funding. The investment brings Ezra’s total funding to $41 million, and will be used to accelerate the company’s expansion to 20 cities and 50 locations across North America in 2024, as well […]
NEW YORK — Benepass, a flexible benefits platform for companies, has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also participated in the funding round. The fundraise comes at a time when […]
NEW YORK — DailyPay, which helps companies pay employees daily, has secured over $175 million to continue its growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis. The equity financing from both existing and […]
NEW YORK — Ansel, a provider of supplemental insurance formerly known as Brella, has raised a $20 million round of funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others. Ansel brings technology to simplified supplemental insurance by issuing payouts if […]
BUFFALO — MimiVax, Inc., a biotechnology company focused on the development of SurVaxM, a survivin-targeted vaccine therapy for glioblastoma and other cancers, announced new investments from the venture philanthropy arms of leading brain tumor patient organizations, venture capital, private and existing investors. The amount invested was not disclosed. The investments from the Brain Tumor Investment Fund […]
NEW YORK — Infield has scored $3 million in funding for its comprehensive open-source dependency manager. The round was led by Foundation Capital with participation of YCombinator and Firsthand Alliance. Adam Gross (former CEO of Heroku), Jonathan Siddarth (founder of Turing) and Austin Ogilvie (founder of Thoropass) also joined as investors. Infield makes open-source dependency upgrades safer and more efficient. Software […]
NEW YORK — ATTUNE, formerly known as Lendsmart, has closed a $2,225,000 seed round. This milestone marks the company’s evolution from a primarily lending-oriented organization to an all-encompassing Engagement Banking Platform, enabling financial institutions to digitize their service lines and intelligently engage with customers at key moments. The seed round was led by Tribeca Early Stage Partners, with […]
NEW YORK — Bilt Rewards, a loyalty platform where customers earn rewards for paying rent and spending in their neighborhood, announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This catapults the company’s valuation to $3.1 billion. Bilt […]
NEW YORK — Isaac Health, a digital health company emerging as a national leader for brain health, has completed an oversubscribed $5.7 million Seed round. The round was led by Meridian Street Capital and B Capital with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels. Launched in 2022, Isaac Health offers a […]