The start of February brought new funding, new products and endless possibilities to the NYC tech scene. Keep reading to catch up on the tech news you may have missed. This is the Built In NYC Weekly Refresh.
Paradigm raised $203M. The newly-launched startup wants to streamline and broaden access to clinical trials by removing the barriers that prevent smaller community clinics and hospitals from participating. This Series A round, which is more than 10 times the size of a typical Series A round, will help the company expand its platform and scale its partnerships. [Built In NYC]
These five tech companies raised the largest NYC funding rounds last month. January was a lucrative month for NYC tech companies Paradigm, VettaFi, Chronosphere, Pearl Health and Precision Neuroscience. These companies, which raised the five biggest rounds of the month, brought in a collective $589 million for their disruptive technology. [Built In NYC]
NYC Tech Quote of the Week
“While we all recognize the fallacy of pre-video conferencing office ‘face time’ culture, the other reality is that it’s hard to replace the connection and energy that comes from being in the same room. In-person meetings and conversations accelerate trust, foster creative approaches to problem-solving and help motivate productivity.” — Lee Smallwood, COO of Hivemind
Hivemind opened a new NYC HQ. The crypto investment startup has been operating remotely since it launched in late 2021, but it is saying goodbye to coffee shop meetings and hotel conference rooms to get a place of its own. Its new office in the Flatiron District is intended to facilitate employee collaboration and host more comfortable, confidential meetings with clients, investors, portfolio companies and founders. [Built In NYC]
Stash named a new CEO. The NYC-based fintech company hired Liza Landsman as its new CEO effective February 6. Landsman has served on Stash’s board since last year and previously held leadership roles at Citigroup, BlackRock and E-Trade. Former Stash CEO Brandon Krieg will step into the role of co-founder and head of business development. Stash is actively hiring for a handful of NYC and remote roles. [Stash]
Additional funding: LeafLink secured $100 million in Series D financing to enhance its wholesale cannabis platform where dispensaries can buy cannabis products from brands and distributors. [Built In NYC]
Passthrough pulled in a $10 million Series A round for its technology that makes it easier for fund managers to onboard investors by automating the processing of subscription documents. [Built In NYC]
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