New York tech did not have a lack of headlines this past week. Keep reading to find out what companies are expanding as 2022 takes off. This is the Built In NYC weekly refresh.
Checkout.com gained $1B. The Series D funding came from several investors including big names such as Tiger Global and Insight Partners, now bringing its valuation up to $40 billion. Checkout.com is famous for its easy payment processing system between customers and merchants, with client names including Netflix and Sony. The London-based company has many open tech positions in New York but is expecting to grow the team in the U.S. by 200 percent, according to Checkout.com’s CFO Céline Dufétel. [Built In NYC]
Take-Two Interactive is acquiring Zynga. The video game mogul behind Grand Theft Auto, Take-Two Interactive will be buying mobile game mogul Zynga in a cash and stocks deal worth $12.7 billion. The deal will allow Take-Two Interactive to delve into mobile gaming, a growing market in the entertainment industry. [Built In NYC]
NEW YORK TECH QUOTE OF THE WEEK
Chief is going national. Chief was launched in 2019 as a way for women executives to network while also accessing mentorships and a job board. The company has more than 10,000 members with a long waitlist (40,000) that originally encompassed seven cities that were meant to keep up with demand. But now Chief will be available across the nation for more women executives. [Built In NYC]
Back Market raised $510M. Back Market is the e-commerce market that sells refurbished electronic devices and products at a lower price than other retailers. The company gained $510 million in a Series E round from investors including Sprints Capital and General Atlantic, almost doubling the valuation up from seven months ago to $5.7 billion. Back Market will be doubling its team, with several positions currently available in New York. [Built In NYC]
Lukka got $110M. Another NYC tech company gained its horn last week. The crypto data and asset software firm provides services to both financial and crypto companies and raised a $110 million Series E round. The funding will go toward its expansion efforts that include the opening of more offices. The funding round also raised the company's valuation up to $1.3 billion. [Block Works]
Cityblock Health grew its C-suite. The healthcare provider for lower-income Medicare beneficiaries and Medicaid recipients gained a new chief health officer as part of the company’s expansion. Kameron Matthews, MD, JD, FAAFP, was appointed to the position and is also a co-founder of a nonprofit called Tour for Diversity in Medicine, which educates and supports physicians and dentists from underrepresented backgrounds. [PR Newswire]
adMarketplace announced new leadership. adMarketplace announced two executive promotions and three new hires to their leadership team after a year of what is said to be triple-digit growth. The promotions included CTO Norbert Tamas and Chief Platform Officer Michael Yudin. The company provides search media solutions for consumer sites, mobile apps and browsers to connect consumers to advertisers. It is continuing to grow and expand with hiring in locations such as Miami and London, as well as its NYC headquarters. [Business Wire]
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