NYC tech companies collectively raised $1.4 billion last month — up from October when the top five companies raised $950 million. Read on to see which local tech companies led the charge in November and how they plan to continue innovating.
#4 (tied). $150 million, November 16
Conductor is an organic marketing technology company helping other businesses grow. This is the company’s first funding round since it bought itself back from WeWork. The fresh funding will allow the company to expand globally and pursue M&A initiatives.
#4 (tied). $150 million, November 9
OpenWeb reached unicorn status after securing a $150 million investment led by Insight Venture Partners and Georgian. Founded in 2012, OpenWeb allows publishers such as HuffPost and Hearst to better moderate and interact with its audiences. OpenWeb plans to grow its team in NYC and Canada.
#3. $250 million, November 23
Verbit is now valued at $2 billion after it raised a $250 million Series E funding round. The company offers transcription and captioning services using AI and was founded in 2017 by lawyer Tom Livne who noticed the time and work put into transcription. Today, Verbit is used by over 2,000 customers. The company is currently hiring for several roles across engineering, product, sales and design.
#2. $400 million, November 18
Twin brothers and founders Cameron and Tyler Winklevoss have been funding Gemini for the past six years. Now, Gemini is one of the most valuable crypto exchanges in the world, with a valuation of $7 billion. With the fresh capital, the brothers plan to continue expanding and building on the frontier of crypto.
#1. $450 million, November 9
Socure secured a $450 million funding round that will be used to expand into new markets and add to its team. Socure is a fintech company that uses machine learning, AI and predictive analytics to verify identities and reduce fraud to allow companies to minimize safety concerns in the finance world. Following this round, Socure is the highest-valued private company in the identity verification space with a valuation of $4.5 billion — about triple what it was just seven months ago after it raised a $100 million Series D.
