Fundings of the week: NYC tech raises $444.6M

November 10, 2017

Earlier this week, we reported on the major investments VCs recently made in NYC tech. In just a matter of seven days, investors dished out $444.6 million to startups making waves in their respective industries. Here are all the NYC tech fundings that happened this week.

 

Intersection funding
Image via Facebook

Intersection, $150 million

Investors: NewSpring Capital, Graham Holdings, ArrowMark Partners

Intersection is an NYC-based company that’s been taking old phone booths and turning them into digital kiosks. The company just raised $150 million that will be used for product expansion. With this funding, free Wi-Fi and charging stations will become available in many major cities around the world. [PE Hub]

 

Compass-funding
Image via Facebook

Compass, $100 million

Investors: Wellington Management, IVP, Fidelity Investments

Compass is a real estate platform that streamlines the home or apartment hunt. The company raised $100 million in Series E funding, which will help it propel into additional markets in the next year. Currently, the platform covers 10 major cities in the U.S., and this funding will allow the company to double that number. [Press release]

 

Invision-funding
Image via Facebook

InVision, $100 million

Investors: Tiger Global Management, Spark Capital, ICONIQ Capital, Geodesic Capital, FirstMark, Battery Ventures, Accel Partners

InVision is a workplace collaboration tool that bridges the gap between tech and design teams. The company just raised $100 million in Series E funding led by Battery Ventures, bringing the company’s total funding to $235 million​. Funding will be used enhance the technology and grow the team. [Press release]

 

Yotpo-funding
Image via Facebook

Yotpo, $51M

Investors: Vintage Investment Partners, Vertex Ventures, Rhodium, Marker, Blumberg Capital, Bessemer Venture Partners, Access Industries, 2B Angels

Marketing platform Yotpo raised $51 million in a Series D funding round led by Access Industries. The company uses an algorithm to identify optimal times for engagement. The funding will be used for a number of initiatives, including expanding the platform and opening an office in Salt Lake City, Utah. It will also be used to hire about 150 new employees. [TechCrunch]

 

Quidd-funding
Image via Shutterstock

Quidd, $13M

Investor: Sequoia Capital

Rare digital goods marketplace Quidd raised $13 million in Series A funding led by Sequoia Capital with participation from previous investors. The investment will be used to enhance the platform and open a new office in LA next year. [FinSMEs]

 

crux funding
Image via Shutterstock

Crux Informatics, $10M

Investor: Goldman Sachs Principal Strategic Investments

Crux Informatics, which provides data processing for big banks, simultaneously launched out of stealth and received a $10 million investment. Goldman Sachs led the round of funding, which will be used to make the product suite more accommodating to its enterprise customers. [TechCrunch]

 

Pienso funding
Image via Facebook

Pienso, $2.1 million

Investors: Uncork Capital, The E14 Fund, Indicator Ventures, Eniac Ventures

Brooklyn-based Pienso, an AI platform built for professionals with little technical experience, raised $2.1 million in seed funding. Led by Eniac Ventures, the funding will be used to grow the team and its customer base. [TechCrunch]

 

Bravely funding
Image via Facebook

Bravely, $1.5 million

Investors: Trail Mix Ventures, Primary Venture Partners, Correlation Ventures, Brooklyn Bridge Ventures

Bravely, an HR platform that connects workers with communication coaches, just launched and raised $1.5 million in seed funding. The service is meant to encourage employees to discuss workplace issues off the record. Most of Bravely’s current customers are in NYC and San Francisco, and the startup is actively targeting clients in the technology, media and nonprofit industries. [New York Business Journal]
 

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