NYC startups raised over $141M in funding in April. Here are the top 5 rounds

by Taylor Majewski
May 2, 2016

In total, New York tech companies raised over $141 million in April. While the month's fundings fell far short of March's $864 million, March's totals were skewed by massive fundings like

's $430 million round, 's $100 million round and 's $54 million round. Despite a slower month for fundings, some innovative, fast-growing NYC tech startups raised big money in April. Here are the month's five largest rounds.

 

5. Unlockd, $11.57M, April 25

Investors: The round comes from previous backers including PLC Ventures, Peter Gammell, Sam Mostyn and Lachlan Murdoch, as well as new investors Radek Sali (CEO of Swisse Wellness) and Greg Roebuck (CEO of carsales.com.au).

Bio: Unlockd is an ad-tech startup that helps you get discounts on your phone bill. With Unlockd, a cellphone company can provide the lower prices that consumers are looking for, then pay for the discount through ad revenue.

News: With the new funding, the company is looking to expand to the United Kingdom and then to Asia. Unlockd has now raised more than $17 million in total.

 

4. ELOQUII, $15M, April 7

Investors: The round was led by Acton Capital Partners, with participating investments from Wildcat Capital Management, Blue Sky Venture Capital, Greycroft Partners, Daher Capital and Female Founders Fund.

Bio: ELOQUII is pioneering fashion e-commerce for women in sizes 14 to 28.

News: This funding round builds on the $6 million Series A the company raised in 2014 and will be used to accelerate ELOQUII’s strong growth in the plus-size market.

 

3. X.ai, $23 million, April 8

Investors: CrunchFund, FirstMark Capital, Work-Bench, Two Sigma Ventures, IA Ventures, DCM Ventures, SoftBank Capital, Lerer Hippeau Ventures and Pritzker Group Venture Capital. 

Bio: X.ai is a personal assistant powered by artificial intelligence. The service works to help professionals drastically cut down on time spent scheduling meetings, without having to hire a real personal assistant.

News: The new funding will be used to support development of its personal assistant technology. This includes hiring more data scientists, improving customer acquisition and marketing to enterprise customers.

 

2. Managed by Q, $25 million, April 1

Investors: GV, FJ Labs, DUMAC, Kapor Capital, RRE Ventures, Homebrew, Greycroft Partners, SV Angel, FJ Labs, blisce/, Novel TMT Ventures, Slow Ventures, Kapor Capital, Flight Ventures, and Fabrice Grinda. 

Bio: Managed by Q is a service that handles a company’s office responsibilities. From re-stocking supplies to catering to cleaning, Managed by Q handles these chores all from a few taps on an iPad.

News: Managed by Q and its investors declined to disclose the company’s valuation, but they said it had increased since a $15 million fund-raising in June. Managed by Q also previously raised $2.4 million in convertible debt, which has since converted to equity.

 

1. Persado, $30 million, April 5

Investors: The funding was led by Goldman Sachs, with contributions from previous investors Bain Capital Ventures, StarVest Partners, American Express Ventures and Citi Ventures.

Bio: Persado is a content generation platform that uses machine learning, natural language processing and math to help generate content that converts.

News: The round will be used to help automate content marketing production.

 

 

Have a news tip for us or know of a company that deserves coverage? Let us know or tweet us @builtinnewyork

Jobs from companies in this blog1 open jobs
All Jobs
Dev + Engineer
Developer
new
Eden
New York

NYC startup guides

LOCAL GUIDE
Best Companies to Work for in NYC
LOCAL GUIDE
Best Software Engineer Jobs in NYC
LOCAL GUIDE
Coolest Tech Offices in NYC
LOCAL GUIDE
Best Sales Jobs in NYC
Developer Jobs
View 710 jobs
Design + UX Jobs
View 161 jobs
Marketing Jobs
View 239 jobs
Product Jobs
View 169 jobs
Sales Jobs
View 492 jobs
Data Jobs
View 265 jobs