NYC tech startups raised over $1 billion in funding last month, beating out June’s $942.6 million total. While June’s fundings were more spread out across industries, July's were all about B2B: Four out of the top five funding rounds were companies that sold to other businesses. Here’s where investors put most of their money last month.
5. Greenhouse Software, $50M, July 12
Investor: Riverwood Capital
Bio: Greenhouse is a leader in the hiring space. Its platform is integrated with companies like BuzzFeed, Cisco, Warby Parker and others to help guide job candidates and managers through the hiring process.
News: The hiring platform raised $50M in Series D funding, bringing its total funding to more than $110 million. Greenhouse plans to use the investment to scale its platform to a global level, as well as to drive home diversity and inclusion efforts.
4. ClassPass, $85M, July 25
Investors: Temasek Holdings, Springboard Growth Capital LLC, L Catterton
Bio: ClassPass is an app that gives users access to a variety of fitness experiences. Founded in 2013, it currently works with 10,000 partners in 50 cities worldwide.
News: The workout app announced the $85 million Series D funding round nearly four months after adding credit packages to its product offerings. The round brings ClassPass’ total funding amount to $255 million.
3. OnDeck, $93M, July 19
Investor: Credit Suisse, Crédit Agricole
Bio: OnDeck uses advanced analytics to make real-time lending decisions. Through the platform, small businesses can receive funds within 24 hours.
News: The lending platform raised $93 million in credit facilities from Credit Suisse and Crédit Agricole, bringing its total funding amount to $913 million. The company will use the investment for refinancing its loan book and funding small business loan originations in the future.
2. Convene, $152M, July 10
Investors: The Durst Organization Inc., Revolution, RXR Realty, QuadReal Property Group, Elysium Capital Management, CVC2, Brookfield Asset Management, ArrowMark Partners, Declaration Capital
Bio: Convene provides meeting, event and flexible workspaces for professionals all over the country. Founded in 2009, the company currently has locations in New York City, Boston, Philadelphia, Washington, D.C. and Los Angeles.
News: The flexible workspace company, which rivals giants like WeWork, raised $152 million in Series D financing and plans to use the funds to grow globally. The investment will also help the company expand on its offerings and launch a workplace technology platform. The latest round brings its total funding to $260 million.
1. MediaMath, $225M, July 10
Investor: Searchlight Capital Partners
Bio: MediaMath is a platform that allows advertisers to purchase digital ads using automated systems and store and manage their data. Founded in 2007, it was the first company to offer a demand-side platform.
News: The adtech company raised $225 million in private equity from Searchlight Capital Partners, bringing its total funding amount to $607.5 million. It’s reported that its valuation is now over $1 billion. Part of the investment will be used to buy out an investor, and the remainder will go toward acquisitions and technological development.
