NYC tech startups raised funding last week to create affordable retirement plans, scale embedded insurance technology and help chefs organize, share and scale their recipes. Keep reading to find out what you missed. This is the Built In NYC Weekly Refresh.
Cover Genius landed $70M. Cover Genius offers embedded insurance products in all 50 states and more than 60 countries, which makes it popular with its travel clients, like Booking Holdings, which owns Priceline, Kayak and Booking.com. Clover Genius, which serves a wide variety of other industries, has nearly tripled its year-over-year revenue growth since September of 2021 when it raised a $70 million Series C round. The company said its latest Series D round will go toward growing its global insurance distribution platform XCover. [Globe Newswire]
Meez bagged $11.5M. Meez developed an interactive database where chefs can keep their recipes organized, while also making it easy for them to scale recipes up or down, share recipes with colleagues and make smarter decisions about menu pricing. Meez has grown from 16 to 38 employees since raising a $6.5 million seed round in January. Some of its Series A round went toward growing its product and engineering teams. Meez plans to continue using the investment to expand those teams in 2023. [Built In NYC]
Retirable pulled in $6M. Retirable developed an affordable financial planning platform that has designed more than 50,000 retirement plans over the last two years. This seed funding brings the company’s total capital raised to $10.7 million. The fresh capital will be used to grow Retirable’s advisor team, strengthen its Medicare agent partnerships and roll out a beta version of its debit card. [TechCrunch]
NYC Tech Quote of the Week
Fennel was featured in Built In’s Future 5 series. Fennel wants to empower retail investors to have their voice heard by voting with their dollars. The startup has aggregated environmental, social and governance data across more than 200 different categories, including carbon footprint, labor issues and workforce diversity. Retail investors can use this information to support companies that share their values or use their shareholder votes to push other companies to do better. [Built In NYC]
Away named its first president. The direct-to-consumer luggage startup promoted CFO Catherine Dunleavy to the newly-created position of president. In her new role, Dunleavy will oversee strategy, operations and supply chain, digital product, legal and finance. Before joining Away in October of 2020, Dunleavy was the vice president and CFO of global operations, technology and strategic investments at Nike. [PR Newswire]
Lev hired three new executives. Lev is a tech platform that helps property owners and investors find the best possible financing for commercial real estate deals. The company recently added three new members to its executive team. Alex Vlasto is the company’s new vice president of marketing, Claire Lovell is the vice president of product and Priyanka Gupta is its head of people. Lev has doubled its team in the last year with help from a $170 million Series B round in May. Check out its current job listings on Built In NYC. [PR Newswire]
