Splash raises $7M round, adds execs from Foursquare and Tumblr
This week, event marketing automation software Splash announced it raised a $7 million Series B. The round was led by Ascent Venture Partners with participation from existing investors Spark Capital and Lerer Hippeau Ventures. [Built In NYC]
Tampon scores Lola raises $7M, and a backing from Lena Dunham
Subscription tampon startup Lola raised a $7 million Series A this week. The funding was led by Spark Capital, with participating investments from actress Lena Dunham, Lerer Hippeau, Brand Foundry, BBG Ventures and BoxGroup. Previous investors include the founders of Warby Parker, Sweetgreen, Bonobos, Insomnia Cookies and fashion model Karlie Kloss. [Built In NYC]
State of New York awards Galvanize $1.3M to set up shop in NYC
On Monday, Galvanize announced it received a $1.3M grant from New York State, which will be used to support the company’s East Coast expansion. Specifically, the company will use the grant to renovate a 55,000-square-foot space in New York City, which will feature workshops, a co-working space for tech startups and immersive tech-education training programs. [Built In NYC]
Stash clinches $25M Series B
Micro-investing startup Stash announced a $25M funding on Wednesday. The company provides micro-investing app for those who aren’t financially experienced, targeting millennials who need help managing their stock. The round was led by prior investor Valar Ventures, with participation from Breyer Capital, Goodwater Capital, and Entrée Capital. [TechCrunch]
Managed by Q on track to double its funding
According to a filing with the U.S. Securities and Exchange Commission, Managed by Q is expected to announce an additional $30 million in funding, the New York Business Journal reported. This new financing would almost double the amount of venture capital the office management company has raised since it launched three years ago. [New York Business Journal]
NYCEDC and MOME announce first publicly funded U.S. VR lab
This week, the New York City Economic Development Corp. (NYCEDC) and the Mayor’s office of Media and Entertainment announced they are launching the first publicly funded virtual reality and augmented reality lab. The lab will support VR and AR companies in New York City and will begin accepting proposals in early 2017 for an organization to establish the lab. [Crain’s New York]
Kickstarter is open sourcing the code for its Android and iOS apps
On Wednesday, Kickstarter announced it will be open sourcing the code for its Android and iOS apps, offering insight into the creation and prototyping process used to create these apps. This decision comes as part of the company's overall mission to help young companies succeed, and its current aim to become a resource for the global development community. [TechCrunch]
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