Catch up on the latest NYC tech news covering various industries from IT and networking to online shopping for second-hand furniture. Keep reading to find out more. This is the Built In NYC weekly refresh.
Kaiyo raised $36M. Kaiyo is an online marketplace selling used furniture at an affordable price. The company received $36 million in a Series B round that will allow the company to expand into more markets, with California at the top of the list. [Built In NYC]
Prizeout got $25M. The adtech company raised a $25 million Series B round with participation from Precept Capital and Mark Cuban, RiverPark Ventures and others. Prizeout will use the fresh capital to expand its B2B2C offerings and hire. The company is actively hiring for 13 positions. [Globe Newswire]
NYC TECH QUOTE OF THE WEEK
Chief gained $100M. Chief is a networking platform for women in business and aims to help women secure leadership positions. Newly minted unicorn Chief raised $100 million in a Series B round that brought its valuation to $1.1 billion. The funding raised will go toward expanding its platform and doubling its grant program. Laela Sturdy, general partner at CapitalG, was also appointed Chief’s board of directors. [Built In NYC]
Electric gained $20M. Electric’s D-1 funding round will go toward entering new markets and exploring strategic acquisitions. Electric is an IT management company working with small to medium-sized businesses. The company currently employs more than 400 people and is actively hiring for 30 open roles. [Built In NYC]
January received $10M. January is a debt-collector company working to ease tension and make the debt-collecting process friendlier. The company raised $10 million in funding that will be used for expanding its product line and hiring. January plans to add 33 new employees this year. [Built In NYC]
Jackpocket added to its leadership. Lottery ticket buying app Jackpocket added to its leadership with a new chief growth and revenue officer. Tony Vartanian took this position with Jackpocket. Vartanian comes from Jump Ramp Games and will focus on revenue and product opportunities. [PR Newswire]
