New York tech companies raised over $316 million in June. While that's a little less than half of the fundings of the month prior, a total of $400 million invested in ridesharing apps Gett and Via made May a difficult month to beat. But $316 million certainly isn't pocket change. Here are the month's five largest rounds.
5. Eyeview, $21.5M, June 15
Investors: This series D round was led by Israeli late-stage venture fund Qumra Capital, with participation from existing investors Marker LLC, Innovation Endeavors, Nauta Capital, Gemini Israel Ventures and Lightspeed Venture Partners.
Bio: Eyeview is an adtech company that focuses on producing and delivering personalized video content for clients, including Forbes 1000 brands such as P&G, Walgreens, Honda, and Priceline.
News: The startup plans to use the newly acquired funds to invest in its sales, marketing, and engineering efforts.
4. Andela, $24M, June 15
Investors: The Chan Zuckerberg Initiative led this round of series B funding, joined by early Twitter investor Spark Capital, the Omidyar Network, and the San Francisco-based Learn Capital.
Bio: Andela is a Lagos-based company that selects the top 1 percent of African talent to train and deploy new engineers to top U.S. tech companies.
News: Andela will devote this round of funding — the first led by CZI — to opening an office in a third African country by the end of the year.
3. SundaySky, $30M, June 8
Investors: This series D round of funding was led by Viola Private Equity, with participating investments from existing investors Carmel Ventures, Globespan Capital Partners, Comcast Ventures, Norwest Venture Partners and others.
Bio: SundaySky is a video marketing company that allows clients to develop personalized video engagements with customers with its SmartVideo software — without any support from SundaySky. The videos engage customers while also taking a load off company call centers and help desks. Their clients include Comcast, AT&T, Allstate and Citibank.
News: The company plans to use the new investments to expand overseas and continue its product development.
2. Verve, $30M, June 20
Investors: Sillicon Valley Bank has expanded its relationship with Verve in this $30M debt financing package.
Bio: Verve is a leader in mobile advertising, helping companies target ads using location data.
News: Verve is using some of this massive debt financing package to expand its international presence, increase investments in Verve Velocity, its self-service platform for marketing partners, and to continue building new data and platform solutions for its growing user base. Additionally, since the funding, Verve has already acquired Roximity, a Denver-based startup managing a network of beacons across U.S. stores.
1. InVision, $55M, June 21
Investors: This round of series D funding was led by Iconiq Capital, along with existing investors Accel Partners and FirstMark Capital.
Bio: Invision is a design collaboration platform providing teams the freedom to prototype, review, iterate, manage and user test web and mobile products without using any code. Clients include designers at companies such as Evernote, Adobe, Twitter and Salesforce.
News: InVision wasn’t looking for new investments at the moment, but excitement around technology that helps businesses collaborate encouraged a great deal of inbound investment interest.
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