Tilting Point Raised $235M, JOKR Got $170M, and More NYC Tech News

July 26, 2021
Tilting Point / Facebook
Image: Tilting Point / Facebook

The Big Apple was buzzing with plenty of tech company developments last week. With acquisitions and new funding galore, read on to catch up on what’s new in NYC tech. This is the Built In NYC weekly refresh.

Tilting Point secured $235MThe company helps fuel continued growth of free-to-play mobile games by giving them user-acquisition budgets and helping them with advertising. With its latest round of funding led by General Atlantic, Tilting Point is planning to expand into new geographies, platforms and audiences, as well as acquire new games. [VentureBeat]

JOKR pulled in $170MThe grocery delivery space has been booming during the pandemic, and JOKR has recorded significant growth due to this trend. JOKR currently operates out of more than 100 hubs across nine cities, and it just launched in NYC last month. The company just closed on a Series A round led by GGV Capital, Balderton Capital and Tiger Global Management to continue providing users with rapid grocery delivery. [The Spoon]

NYC Tech Quote of the Week

“As physicians, my co-founders and I saw firsthand the devastating effects of substance abuse. We designed Quit Genius to be the program we wish we had as physicians, that’s dedicated to helping individuals conquer their addictions and payers bend the cost curve. ” —Yusuf Sherwani, Quit Genius CEO and co-founder

Quit Genius raised $64MProviding users with a platform to help treat addictions to harmful substances, the startup offers patients at-home treatments that combine virtual behavioral therapy, medication and physician-approved devices. It’s planning to expand its presence into every state across the country following its oversubscribed Series B that was co-led by Kinnevik and Atomico. [Built In NYC]

SIMON raised $100MThe Goldman Sachs spinout offers a digital wealth management platform tailored to financial professionals. Its Series B growth capital round was led by WestCap, a firm founded by ex-Airbnb and Blackstone CFO Laurence Tosi. The company launched in late 2018 and its platform has already been put to use by 100,000 individuals handling $5 trillion in client assets. [SIMON]

OpenSea got $100MOffering a marketplace for NFTs and crypto collectibles, OpenSea is one of NYC’s latest unicorns following its recent round of funding. With the fresh capital from its A16z-led raise, the company is planning to scale its digital assets platform as well as onboard new engineering talent and expand into more markets across the globe. [VentureBeat]

Vestwell raised $70MThe company offers a cloud-based digital record-keeping platform that it describes as an “engine” powering workplace savings and investment programs like 401(k)s. Its Series C funding round was co-led by Wells Fargo Strategic Capital and Fin Venture Capital, and the company saw 200 percent plan growth last year. [PR Web]

Taboola acquired ConnexityAfter going public via SPAC last month, Taboola is acquiring martech company Connexity in an $800 million deal. Taboola focuses on content recommendations and related advertising, whereas Connexity specializes in e-commerce. Together, they’re aiming to provide an alternative for publishers to gain revenue and customers without relying on giants in the space. [TechCrunch]

Sketchfab was acquired by Epic GamesThe company developed a repository for 3D files that are viewable on any platform. Following the acquisition, Epic Games has marked down its store fees, and Sketchfab users now have access to free Plus features. Terms of the acquisition were not disclosed, and Sketchfab will continue to operate as its own brand. [Yahoo News]

Block Renovation raised $40MWith a total of $54 million in venture funding to date, the home renovation platform just closed on its latest injection of capital led by Giant Ventures. Block’s platform leverages tech like LiDAR-enabled site surveying and 3D visualization to help designers, contractors and vendors provide customers with a high-quality product. [Yahoo News]

Vitally secured $9MHelping SMBs address sales opportunities and prevent customer churn, Vitally’s platform allows them to measure their relationships with their customers by way of analytics, automation and plug-and-play integrations. With its Series A funding from A16z, the startup is looking to further its work in the customer success space. [Built In NYC]

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