After a relatively slow holiday break, New York City tech companies are starting the new year in a big way — by raising massive rounds of new funding. Dozens of companies raised multimillion-dollar rounds from investors in January, with a significant portion raising eight-figure or nine-figure sums.
To give you a sense of the action, Built In has gathered the top five earners for the month of January. Collectively, these five companies have raised over $600 million.
#5, $70 million, January 29
Starting off the list is Attentive, which raised a sizable $70 million Series C. Attentive is a marketing tech company that helps retail and e-commerce companies reach their customers through text messages. Its platform uses real-time behavioral data to make communication channels more engaging. The company grew its client list by almost 350 percent and hired more than 200 people in 2019.
#3 (tied), $100 million, January 31
Moda Operandi snuck in on the last day of the month with a $100 million funding round. The company has built an online fashion marketplace that helps people shop and discover new brands. So far, the company has raised $345 million in total funding, which will help it build out its client experience, shopping model, fashion curation and technology systems.
#3 (tied), $100 million, January 30
Policygenius closed its $100 million Series D round at the end of the month. This new funding will help the company continue its hiring spree (the company added about 180 people in 2019). Its platform helps people shop for and compare insurance policies, ranging from life insurance, home insurance, health insurance and more.
#2, $100+ million, January 9
Although the company didn’t reveal the exact sum, Sisense announced it raised over $100 million in a funding round led by Insight Venture Partners. The data science company sells its white-labeled business intelligence apps to companies looking to analyze their data. Sisense also just became one of New York City’s tech unicorns, with a valuation over $1 billion.
#1, $285 million, January 8
Topping the list is the popular group fitness app ClassPass, which raised a hefty $285 million. This new investment brings ClassPass to a valuation over $1 billion. ClassPass is now available in over 2,500 cities across the world, but this new funding will help the company grow its reach even further.
