How’s your October going? For NYC tech, it’s so far so good. In the past two days alone, three companies raised a combined $208 million. You’ve most likely already heard of these companies, and they’re about to become much bigger. See which companies have been getting lots of attention from investors.
$80M, Series E, Oct. 3
Bio: Braze, formerly known as AppBoy, is a customer engagement platform that delivers personalized, omnichannel messaging experiences.
News: The company raised $80 million in Series E funding led by Meritech Capital Partners with participation from Spark Capital and Cross Creek. To date, Braze has raised a total of $175 million in funding and now has a valuation of $850 million. [Markets Insider]
$65M, Series B, Oct. 3
Bio: MoviePass is a company that lets users watch movies at local theaters at a fixed monthly rate.
News: The company raised $65 million in new funding and made the announcement at a recent entertainment media conference. This news comes on the heels of the company’s announcement that it’s limiting services for users. Rather than an unlimited pass, users can enjoy up to three movies per month. Ted Farnsworth, CEO of Helios & Matheson Analytics, which owns MoviePass, says this strategy helps the company control its spending. Other details of the funding were not shared. [Business Insider India]
$63M, Venture, Oct. 4
News: The company announced its $63 million funding just one day after MoviePass announced its own. Helios & Matheson was just as vague about the details of this funding as they were about MoviePass’s investment. However, they noted that they are diligently working on strategic partnerships to boost the MoviePass brand. Farnsworth said the public can expect to learn about those updates in just a few weeks. [TechCrunch]