The five largest funding rounds coming from the NYC tech scene generated more than $460 million last month. The fresh capital went toward innovations in healthcare, insurance and advertising technology. Keep reading to see which NYC tech companies attracted the most funding in November.
Largest NYC Tech Funding Rounds, November 2022
- Amagi
- Ordergroove
- Apiiro
- Maven Clinic
- Cover Genius
#5. Cover Genius: $70 million, November 1
Cover Genius’ embedded insurance technology allows e-commerce companies to sell insurance at the point of sale across a wide variety of industries, including travel, retail and event ticketing. Its reach across 50 states and more than 60 countries is useful for online travel clients like Hopper and Booking Holdings, which owns Priceline, Kayak and Booking.com. This $70 million Series D round will go toward growing its global insurance distribution platform XCover.
#4. Maven Clinic: $90 million, November 14
Maven Clinic’s reproductive and family healthcare platform provides users with on-demand virtual care specializing in fertility, maternity, parenting, pediatrics and menopause. The platform has more than 30 types of providers, such as fertility specialists, adoption coaches and doulas. Large companies like Microsoft and AT&T offer Maven’s virtual health services to their employees. This Series E raise valued Maven at $1.35 billion and brought its total funding raised to $300 million.
#3. Apiiro: $100 million, November 3
Apiiro is an applications security startup that helps developers and information security professionals proactively address potential security risks early in the development pipeline before it reaches the cloud. The platform’s contextual risk graph compiles its findings across code, cloud infrastructure and other areas, providing context that elevates the most significant security risks. This Series B financing round was led by General Catalyst with participation from Greylock and Kleiner Perkins.
#1 (tied). Ordergroove: $100 million+, November 10
Ordergroove is a subscription technology company that helps brands like L’Oréal, The Honest Company and PetSmart develop subscription revenue streams. Ordergroove’s proprietary relationship commerce platform integrates with leading e-commerce platforms, like Shopify, BigCommerce, Salesforce and Magento. The NYC-based company said its gross merchandise value has already increased 59 percent compared to last year. This funding round will be used to fuel Ordergroove’s growth and scale its investments in product and innovation.
#1 (tied). Amagi: $100 million+, November 10
Amagi is a media technology company that works with a number of top media companies to help them deliver artificial intelligence-driven personalization, advertising and live-streaming solutions. The company said it recently surpassed $100 million in annual recurring revenue after a record-setting Q2. Amagi’s latest funding round valued the company at $1.4 billion, which is an increase from eight months ago when it raised $95 million at a $1 billion valuation.
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