New executive hires, abundant venture funding and a plethora of development plans came to the Big Apple last week. Read more to learn what the NYC tech scene is up to. This is the Built In NYC weekly refresh.
Current got $220M. Now with a valuation of $2.2 billion, Current is planning to develop more partnerships, grow its membership base and expand its mobile banking platform. It offers customers services like free overdrafts, ATMs and mobile check deposits. The company’s Andreessen Horowitz-led Series D will also enable it to grow its headcount with over 50 tech positions open now. [Built In NYC]
Capsule raised $300M. Working to make digital healthcare accessible with products and services available for consumers from a single app, Capsule closed on its latest round of funding to expand its digital pharmacy to additional markets around the country and invest in its tech. This raise follows the company’s previous $200 million round in 2019. [Built In NYC]
NYC Tech Quote of the Week
Kaia Health secured $75M. The company works to treat people with COPD and musculoskeletal disorders from the comfort of their home. It offers users individualized exercises via mobile app with the help of machine learning and expert contributions. The Series C capital will help Kaia grow its team and accelerate development of its product and partnerships. [Built In NYC]
Ergatta pulled in $30M. Working to gamify home fitness, Ergatta closed on a Series A raise led by Advance Venture Partners to fund R&D for its software and digital content. Ergatta offers a rowing machine fit with a screen that tracks users’ progress and offers them feedback. It plans to add new games and enhanced social features and animation. [Built In NYC]
Shapeways to go public via SPAC. The startup is working toward digitally transforming the manufacturing process with its platform that makes 3D printing more widely accessible. Shapeways announced its merger with Galileo Acquisition Corp. which is set to close in Q3 this year. The company will be listed on the NYSE under the ticker symbol “SHPW.” [Shapeways]
Rokt appointed its chief people officer. The company works to make e-commerce more efficient, and it just announced that Sarah Wilson will be taking the helm as CPO. In her new position, she will be in charge of talent acquisition and development, performance management and workplace inclusion. Previously, Wilson led the people team at SmartRecruiters. [PR Newswire]
