Last week was an eventful time for venture capital firms in the Big Apple with several tech startups securing new funding. Read about what else is new in NYC tech. This is the Built In NYC weekly refresh.
Oscar raised $140M. Business for this health insurance company has increased during the pandemic. Its platform provides members with virtual healthcare complete with Medicare Advantage plans and the ability to schedule appointments with its network of health professionals. With the new funding, it will continue its mission of offering accessible and affordable care to its growing community of members. [Built In NYC]
NYC Tech Quote of the Week
Public pulled in $65M. The stock trading company closed on a Series C round led by Accel that will enable it to further development on its platform and expand its team. Public’s platform provides a social network that aims to help individuals invest in the stock market. On it, users can own partial shares of stocks and ETFs, follow investors and creators as well as share their ideas. [Built In NYC]
Paxos secured $141M. Partnered with big-name fintech companies including PayPal, this startup works to help decentralize the financial system. On its platform, users can digitize their assets from cash to commodities to cryptocurrency, and instantly move them safely anywhere around the world. With its Declaration Partners-led Series C funding, Paxos plans to accelerate its growth and expand its team with remote positions available. [Built In NYC]
BigID got $70M. As personal data becomes increasingly important for businesses, so does the need for said businesses to understand that data. BigID’s tech helps clients learn about the data they collect in an effort to protect against security breaches and adhere to privacy laws. The Series D funding round was led by Salesforce Ventures and Tiger Global and brings the company’s valuation to over $1 billion. [Built In NYC]
Ramp raises $30M. The company offers corporate credit cards aimed at improving its enterprise customers’ finances. Its Series A-3 round featured participation from D1 Capital and Coatue Management, as well as existing investors like the Founders Fund. This brings the company’s total funding to date to $55 million and will help it continue to grow its headcount. [Crunchbase News]
Vise raised $45M. The Series B round for the company was led by Sequoia Capital and brings its total funding to date to $60 million. Its AI-powered investment management platform works to provide financial advisors with the tools to help them be more efficient resources for their clients. With the new capital, Vise will enhance its product and functionalities and increase its headcount. [PR Newswire]
