NYC startups raised over $298M in April. Here are the top 5 rounds.

by Taylor Majewski
May 1, 2017

Following a strong month for venture capital in March, funding continued to flow into the New York City tech scene in April. In the past month, local tech companies raked in over $298 million — a $131 million increase from March's total. Here’s a look back at the month's top five rounds.

5. Mic, $21 million, April 7

Investors: Lightspeed Venture Partners, Time Warner Investments, kyu Collective and You & Mr Jones.

Bio: Mic is an online news publication that targets a millennial audience. The company creates content on topics that range from U.S. politics to the arts, music and global affairs.

News: The company plans to use the funding to accelerate its video news coverage capabilities.

 

4. WorkMarket, $25 million, April 25

Investors: Accenture PLC and Foundry Group.

Bio: WorkMarket is a freelancer management startup that sells software-as-a-service subscriptions to companies to help them find, vet and manage freelancers.

News: Accenture, one of the company's investors and a leading outsourced labor provider, will collaborate with WorkMarket to integrate its cloud services for business management.

 

3. MakeSpace, $30 million, April 20

Investors: 8VC, Upfront Ventures, Harmony Partners and Summit Action.

Bio: MakeSpace is an on-demand storage provider that offers storage bins, packing and pickup, ultimately aiming to replace the traditional self-storage model.

News: The company plans on using the funding to scale its business, as well as to further develop its logistics technology platform and operational infrastructure.



2. SeatGeek, $57 million, April 18

Investors: TCV, Mousse Partners, Haystack Partners, Causeway Media Partners, ACCEL and Glynn Capital Management.

Bio: SeatGeek is a marketplace for third-party sports, concert and theater tickets.

News: Along with the new funding, SeatGeek also announced that it has acquired TopTix, an Israeli ticketing software company.

 

1. Blink Health, $90 million, April 12

Investors: 8VC.

Bio: Blink Health is a startup that provides discounts on prescription drugs, allowing users to purchase their medications online and pick them up at their local retailer for up to 90 percent off the average retail price.

News: The company plans on using the new funding to build out its engineering team, as well as to expand its marketing efforts.

Know of a company that deserves coverage? Let us know or tweet us @builtinnewyork.

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