Frame.io Acquired, Maven Pulled in $110M, and More NYC Tech News

August 23, 2021
nyc
photo: frame.io

Another busy week for Big Apple tech yielded plenty of funding news and other developments. Catch up on the latest from these companies and find out how they’re spending their fresh cash. This is the Built In NYC weekly refresh.

Maven raised $110MOperating a telehealth platform dedicated to providing on-demand access to women’s and family health services, Maven has officially reached unicorn status following its latest funding round. The Series D, co-led by Dragoneer and Lux Capital, will fuel the company’s product innovation and market expansion. It’s also growing internally with dozens of available roles listed now. [Built In NYC]

Tropic pulled in $25MWith its cloud-based platform, Tropic provides companies with offerings like end-to-end tools to enable the procurement process as well as services to purchase software. With the capital from its latest round led by Canaan Partners, Tropic is investing in expanding its platform to deliver more savings, streamlined workflows and better insights to customers. [PR Newswire]

NYC Tech Quote of the Week

“Frame.io and Adobe share a vision for the future of video creation and collaboration that brings together Adobe’s strength in video creation and production and Frame.io’s cloud-native platform. We’re excited to join Adobe to continue to drive video innovation for the world’s leading media and entertainment companies, agencies and brands.” —Emery Wells, CEO and co-founder of Frame.io

Adobe acquired Frame.ioIn a deal worth $1.275 billion, NYC-based Frame.io will join the ranks of digital media giant Adobe. By incorporating Frame.io’s video collaboration tech, Adobe aims to provide customers with cloud-native workflow capabilities that will ensure the creative process is more collaborative, productive and efficient. The deal is set to close in Q4 this year, and in the meantime Frame.io is hiring across several roles. [Built In NYC]

Prospr secured $3.2MLooking to provide deskless employees with a way to manage their schedules, track their growth and communicate with teammates, workforce management platform Prospr closed on an oversubscribed seed funding round led by Bonfire Ventures. With its new capital, the company is investing in enhancing its platform, building out its customer base and expanding its team. [Built In NYC]

These NYC tech companies made the Inc. 5000Considered some of the fastest-growing startups in the country, 232 New York City companies across all industries ranked on Inc.’s latest list. The honorees are ranked by their overall revenue growth from 2017–2020. Claiming the top spots for NYC tech were insurance platform Attune, cybersecurity solution BigID and corporate gifting company Snappy. [Built In NYC]

Particle Health made a new executive hireJoining the company’s team as vice president of sales is Steven Swank who was formerly CRO at Datavant. The company offers a developer-friendly API platform aimed at offering improved access to actionable healthcare data to patient-first healthcare companies. [LinkedIn]

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