New York City had a busy week as its local tech startups pulled in triple-digit rounds and billion dollar valuations. These prosperous startups are investing in technology that can cut costs on medicine, hiring and much more. Read on to see what you may have missed. This is the Built In NYC Weekly Refresh.
AlphaSense was valued at $1.7B. The market intelligence search engine’s new valuation was announced along with its $225 million Series D financing round, which was co-led by the growth equity business within Goldman Sachs Asset Management and Viking Global Investors. The unicorn valuation is nearly double the valuation from its $180 million Series C round in October, according to the company. [Built In NYC]
CoachHub raised a $200M Series C. CoachHub is a workforce training platform that provides companies with personalized, measurable and scalable coaching programs for their entire organization. With its fresh funding, CoachHub plans to continue hiring with aims to grow its 850-person team to more than 1,000 employees by the end of the year, according to a company statement. [Built In NYC]
Capital Rx pulled in $106M. Health tech startup Capital Rx’s technology aims to lower the cost of medical expenses for everyday consumers and medical organizations. On Monday, Capital Rx pulled in a $106 million Series C round led by B Capital, with participation from General Catalyst and others. This brings the startup’s total funding to $175 million. [Built In NYC]
NYC Tech Quote Of The Week
Wonder raked in $350M. The Series B round brought the mobile restaurant food delivery service’s valuation to $3.5 billion. The raise will be used to scale Wonder’s presence in the nearby tri-state area, as the company currently operates in New Jersey. Wonder will also focus on launching 11 more restaurants, increasing its total offering to more than 30 mobile restaurant chains by 2023. [Built In NYC]
Narmi got $35M. The NYC-based fintech startup’s Series B round was co-led by Picus Capital, NEA and Greycroft. Narmi aims to digitize the banking industry and help U.S. credit unions and banks compete with megabanks. To date, the company has raised approximately $60 million, including a $20.4 million round last year. Narmi is actively hiring for positions across its engineering, product, design, sales and marketing teams. [TechCrunch]
Neon’s NFT highlighted in Future 5 series. This week’s Built In Future 5 startup is Neon, a producer of the world’s first NFT vending machine. People who use the vending machine in New York’s financial district can purchase NFTs with U.S. debit and credit cards, making the purchase and investment as simple as possible. [Built In NYC]
Hungryroot reported double-digit growth. Hungryroot, a local grocery and recipe delivery service, reported 35 percent year-over-year growth in the first quarter of 2022. This follows a successful 2021 in which Hungryroot expanded its selection by doubling its grocery and recipe offerings, now shipping over 450 groceries and nearly 4,000 proprietary recipes each week. [PR Newswire]
DailyPay appointed a new CEO. Fintech platform DailyPay appointed Kevin Coop as its new CEO. Coop brings on three decades of experience running operations, driving growth and sustaining profitability at companies. [Yahoo Finance]
