Investors in Big Apple tech companies had a busy month this November. The startups that made Built In NYC’s top five list of the largest raises each pulled in nine-digit amounts. From video sharing to mobile banking, read more to find out what these companies are planning with all that fresh funding.
#5. $100 million, November 24
By using its technology to network with government agencies around the world, this company is cracking down on online crimes related to cryptocurrency. Just after a successful Series B round, the recent Series C led by Addition minted a new unicorn by bringing Chainalysis’ total valuation to over $1 billion. The company plans to use the funding to expand internationally and grow its platform.
#4. $125 million, November 19
After a worldwide transition to a more digitized lifestyle, data showed an exponential rise in online fraud alongside a surge in e-commerce transactions. Forter works to prevent these attacks with its automated platform that uses machine learning to track customer activity and flag any potentially fraudulent purchases. With the Series E funds led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon, Forter plans to continue investing in its platform as well as hiring new talent.
#3. $131 million, November 24
With funds from its Series C round led by Tiger Global Management, this mobile banking company plans to help close the financial inequality gap for the large percentage of Americans living from paycheck to paycheck. The startup offers numerous tools to help promote responsible spending via its mobile platform. Current is also hiring and has various available tech positions.
#2. $150 million, November 6
During the pandemic, more businesses and corporate customers have turned to online video as a tool to meet their companies’ needs. Due to this spike in demand, the video sharing platform Vimeo closed an equity investment by Thrive Capital and GIC that will help innovate its business and expand worldwide. To date, Vimeo’s total valuation is $2.75 billion. The company is currently hiring across all departments.
#1. $200 million, November 10
The company’s platform aims to improve the mortgage industry. With new funds from its Series D raise led by L Catterton, it is recruiting new talent to help reach this goal with abundant positions available. Better.com’s online platform enables users to efficiently search for mortgage, real estate, title and homeowners insurance. The startup’s total valuation to date is about $4 billion.
