Several investments were made into NYC companies last week. Read on to see how these companies are investing and changing the local tech scene. This is the Built In NYC weekly refresh.
Abound got $36.7M. The wholesale marketplace for small businesses to connect with independent retailers raised a $36.7 million Series B. The funding will go toward doubling Abound’s team in 2022. Remote positions are available but the company expects about a third of new hires to be in the NYC area. Adding new tools and innovations to the platform will also come from the funding. [Built In NYC]
Laika raised $35M. The funding was led by J.P. Morgan Growth Equity Partners with participation from others like PayPal Ventures. Laika is a “compliance-as-a-service platform” that helps companies establish compliance practices to meet requirements from enterprise customers and regulators. The new funding will go toward developing automation, adding to the platform and growing its team. [PR Newswire]
NEW YORK TECH QUOTE OF THE WEEK
Permutive gained $75M. The company that helps digital advertisers and publishers control data to inform ad planning raised $75 million in fresh funding. Permutive has gained support from big media companies such as Vox, BuzzFeed and Hearst. The money will go toward expansion and increasing Permutive’s employee headcount, with several open positions in NYC. [Built In NYC]
Valera Health secured $15M. The mental wellness company’s latest funding round was led by Windham Venture Partners. Valera Health provides virtual mental health services to those with high acuity conditions, such as illnesses like schizophrenia and severe depression. Personalized services are offered to those that have been “neglected historically,” including people of color and members of the LGBTQ+ community. The funding will help Valera expand as a clinical service platform. [Built In NYC]
Agora gained $9M. Agora is an early-stage tech company changing how real estate firms manage their investments. The company offers automated modern workflows as compared to the Excel Spreadsheets or Google Sheets several firms currently rely on. The company’s seed funding was led by Aleph and will be used to further develop the platform. [PR Newswire]
Alt brings on its first creative advisor. Sports television journalist Adam Lefkoe is joining the company to assist with future brand campaigns, experiences and social content. Lefkoe currently hosts NBA on TNT Tuesday. The alternative asset trading platform helps users invest in sports card as if they are stocks. [Alt]
