New York tech companies got some serious cash in September. In total, New York tech companies raised over $542 million this month, trumping capital dollars raised in August by over $300 million. Here is a look back at the top five rounds from this month.
5. CTERA, 25 million, September 13
Investors: Bessemer Venture Partners, Cisco and Vintage Investment Partners
Bio: CTERA Networks enables enterprise IT to provide secure file services from any cloud.
News: This new investment round brings CTERA’s total financing to nearly $70 million. The funds will be used to fuel sales and marketing initiatives and accelerate global customer acquisition as the CTERA Enterprise File Services Platform becomes a gold standard for file storage, collaboration and data protection among secure and distributed enterprise organizations.
4. AppNexus, $31 million, September 29
Bio: AppNexus is one of New York City’s largest adtech leaders, offering cloud-based software that enables and optimizes programmatic online advertising.
Investors: News Corp., Yahoo! Japan
News: News Corp.’s $10 million investment in this financing comes as part of a strategic move to use AppNexus’ full suit of tech products.The financing brings AppNexus’ total funding to $282 million, hinting at the strong possibility of an IPO on the horizon.
3. Industrious, $37 million, September 13
Investors: Riverwood Capital. Outlook Ventures and Maplewood.
Bio: Founded in 2013, Industrious was created to offer 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 the round to continue expanding its coworking locations to 12 new cities. It will also add new locations in cities where it has already set up shop, which include New York, Atlanta, Austin, Chicago, Columbus, Los Angeles, Minneapolis, Nashville, Philadelphia, Raleigh and St. Louis.
2. DEFY Media, $70 million, September 14
Investors: Wellington Management, ABS Capital, Lionsgate, Viacom and Zelnick Media Capital.
Bio: DEFY Media’s digital brands are centered around entertainment, comedy, lifestyle and gaming, and resonate with millennials who consume content when and how they want it. As such, DEFY’s content can currently be found on more than 20 video platforms, including Comcast Watchable, SKY TV, Verizon’s go90, Amazon Prime, PlutoTV and Spotify, among others.
News: The company plans on using the new funding to aggressively expand its original programming across platforms.
1. FreshDirect, $189 million, September 26
Investors: J.P Morgan Asset Management, W Capital and AARP Innovation Fund.
Bio: Launched in 2002, and profitable since 2010, FreshDirect’s success has stemmed from its mission to curate and source the freshest farm-to-table items to its customers. The company currently exceeds $600 million in annual revenue through online market shares in New York City and Philadelphia.
News: The new capital will go toward launching FreshDirect in more cities and expanding the company’s business services.
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