Alloy Gained $52M, Koop Launched With $5M, and More NYC Tech News

Catch up on what you may have missed with the Built In NYC Weekly Refresh.
Written by Miranda Perez
September 6, 2022Updated: September 7, 2022
SeatGeek logo on screens at NYC stock exchange
 Photo: SeatGeek / LinkedIn

NYC tech companies made major strides and headlines last week. Some of NYC’s local startups are raking in triple-digit funding rounds, and others are just starting out by building social platforms for people over the age of 55. Catch up on what you may have missed with the Built In NYC Weekly Refresh.

SeatGeek raked in $238M. Ticket purchasing and live event platform SeatGeek raked in a whopping $238 million in a Series E funding round. This round was one of the largest raises seen this month and now values the eight-year-old company at $1 billion. With its new capital, SeatGeek plans to invest in its people, product and partners. Outside of its recent raise, the newly-minted tech unicorn is hiring for nearly 100 roles. [Built In NYC]

Alloy raised $52M. Fintech and banking security startup Alloy raised $52 million in a funding round co-led by Lightspeed Venture Partners and Avenir Growth. Alloy’s recent raise brings the company’s valuation to $1.55 billion. With its fresh funding, the company plans to “accelerate growth” and meet the “global demand” for its fraud prevention technology. [Alloy]

NYC Tech Quote Of The Week

“There’s a common misconception in the tech industry that older generations don’t understand or want new technology. ... But that’s a real misconception.” — Brian Park, CEO of Hank.

 

Hank was featured as a Future 5 startup. Hank has developed a social media network for adults over the age of 55, catering to a demographic that the company said is often left out of tech innovation. Hank operates in a similar fashion to social apps like Tinder or Yubo.  According to CEO Brian Park, Hank users can do everything from scheduling casual coffee chats to finding new friends to go skydiving with. [Built In NYC]

Koop launched with $5M. Web3 platform Koop launched out of beta mode last week with $5 million in seed funding. After being in beta mode for two months, the company has gained a volume of $850 million and a waitlist of 8,500 users. On Koop, creators and their fans generate wealth together through organizing and fundraising for projects through NFT art or collector passes that provide decentralized ownership. [Built In NYC]

These five NYC tech companies raised $978M in August. NYC’s tech ecosystem was thriving last month as local companies pulled in triple-digit rounds and billion-dollar valuations. We tracked the five highest funding rounds of the month, which featured everything from telehealth startups to real estate ventures backed by WeWork co-founder Adam Neumann. [Built In NYC]

Summer launched a tool to help student loan borrowers. After President Joe Biden announced his student loan forgiveness program, Built In talked to four executives in the space to help readers and borrowers further understand what the decision meant and how it will impact them. One of those companies was NYC fintech startup Summer, which launched a tool that helps borrowers check their eligibility for loan forgiveness. [Business Wire]

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