Following a strong month for venture capital in February, funding continued to flow into the New York City tech scene in March. This month, local tech companies raked in over $167 million, a $56 million increase from February. Here’s a look back the top five rounds this month.
5. Voxy, $12 million, March 30
Investors: GSV Acceleration, Weld North, Contour Venture Partners, Rethink Education, Inherent Group and SJF Ventures.
Bio: Voxy is an English learning platform that combines a focus on online courses, live instruction, and personalized self-study.
News: The company plans on using this new capital to work with more English language learners in historically underserved regions in support of their economic advancement.
4. Hubble Contacts, $16.5 million, March 7
Investors: Two River, Wildcat Capital Management, Oscar Salazar, Brian Levy, Greycroft Partners and FirstMark Capital.
Bio: Hubble Contacts is a contact lenses retailer that uses a direct-to-consumer, subscription-only model.
News: The company plans on using its new funding to roll out toric lenses for customers with astigmatism, as well as its marketing and hiring efforts.
3. WayUp, $18 million, March 32
Investors: SV Angel, OurCrowd-GCai, CAA Ventures, Axel Springer, Female Founders Fund, Index Ventures, Lerer Hippeau Ventures, BoxGroup, General Catalyst and Trinity Ventures.
Bio: WayUp’s platform connects students with companies for part-time jobs, internships and full-time entry-level positions.
News: The company is planning on using the funding to build out its engineering and product teams.
2. EVRYTHNG, $24.8 million, March 14
Investors: Advance Vixeid Partners, Dawn Capital, Atomico, BHLP, Samsung Ventures, Cisco Investments, Generation Ventures, Bloc Ventures and Sway Ventures
Bio: Evrythng is an Internet of Things platform that gives any physical object a ‘digital identity.’
News: The new capital will support Evrythng’s growth through additional partnerships, the expansion of its team and further development of its platform.
1. Industrious, $25 million, March 28
Investors: Riverwood Capital.
Bio: Industrious is a coworking network that offers modern professionals a coworking solution devoid of typical startup ambiance, replaced with a sophisticated workspace that fosters productivity. While Industrious houses growing startups and freelancers, it also serves as an office for industry giants like Spotify and Pinterest.
News: The company plans on using its new capital to open more than 30 new locations by the end of 2017, including a space in Manhattan.
Images via Facebook and featured companies.
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