The biggest funding rounds on the NYC tech scene last month were all nine-figure sums. Companies specializing in areas across stock trading to digital healthcare are funding huge developments. Read on to learn where all that capital is headed.
#5. $126.6 million, February 24
This fintech startup is working to make credit more accessible. It issues cards based on metrics apart from credit score, like income and spending habits. With the debt facility from Silicon Valley Bank and Trinity Capital, it’s looking to grow its platform, usership and staff as it currently lists several tech positions available at its NYC headquarters and remotely.
#3 (tied). $150 million, February 11
The digital healthcare marketplace platform pulled in $150 million in growth funding from Francisco Partners. The company has pursued expansion into telehealth, vaccine scheduling television advertising. With the fresh capital, the company can fuel more growth, further its investments in sales and marketing as well as expand its product offerings.
#3 (tied). $150 million, February 10
This startup provides companies with a corporate card geared toward helping them spend less money and automate their finances. Ramp also recently brought on new leadership to its risk team, appointing Srinath Srinivasan as department head. Goldman Sachs backed the $150 million debt facility that will help Ramp fuel its growth.
#2. $220 million, February 17
Everyday people have recently taken more interest in investing in stocks, and with its social media trading platform, Public is looking to make the stock market even more accessible. After a $220 million Series D, the company has reached unicorn valuation at $1.2 billion. The money will go toward scaling its platform and rolling out new features.
#1. $750 million, February 1
The company’s software makes it possible for companies and their employees to save more time and money by emulating repetitive daily tasks. Having raised $750 million in a Series F round led by Alkeon Capital and Coatue, UiPath is building on years of significant company growth, and it now has a valuation of $35 billion.