Amogy Raised $139M, Maven Clinic Acquired Naytal, and More NYC Tech News

Catch up on the NYC tech news you might have missed last week.
Written by Jeff Rumage
March 27, 2023Updated: March 27, 2023
Amogy co-founder and CEO Seonghoon Woo appears above the Built In Weekly Refresh logo.
Amogy co-founder and CEO Seonghoon Woo. | Photo: Amogy

New York-based tech companies made a splash last week with ammonia-fueled tugboats, credit cards for e-commerce companies and a new Web3 developer platform. Keep reading to catch up on a few of the NYC tech headlines from last week. This is the Built In NYC Weekly Refresh.

Amogy raised $139M. Amogy is a Brooklyn-based company that developed a means of converting ammonia into an emission-free fuel that can power tractors and semi-trucks. The company plans to fuel a tugboat with ammonia later this year, and then it will work to commercialize its technology and decarbonize the maritime shipping industry. Amogy, which employs more than 100 people, expects to grow to more than 200 employees this year. [Built In NYC]

Parker pulled in a $31.1M Series A. Parker emerged from stealth last week with a credit card designed to meet the needs of mid-market e-commerce brands. In addition to raising the Series A round, the NYC-based startup also announced it had previously raised $5.9 million in seed and pre-seed funding and a $70 million debt financing facility that can be upsized to $120 million. [Built In NYC]

NYC Tech Quote of the Week

“With our acquisition of Naytal, our rapidly expanding U.K. and European membership will have even greater access to timely support that meets their unique needs through a partner deeply embedded in the region.” — Maven founder and CEO Kate Ryder

Maven Clinic acquired Naytal. Maven, which specializes in virtual healthcare for women and families, will expand its provider network in the U.K. by acquiring London-based digital health startup Naytal. The U.K. is Maven’s second-largest market, with 70 of its clients employing U.K. team members. Naytal founder and CEO Leila Thabet will become Maven’s regional vice president of global growth and partnerships. [Built In NYC]

Pearson sold its online learning services business. Pearson, the British company that publishes educational textbooks and software, has a U.S. headquarters in New York. The company announced last week it will sell its online learning business to private equity group Regent. Pearson will receive 27.5 percent of the division’s adjusted earnings each year for six years. It will also receive a portion of the proceeds if Regent sells the business in the future. [Reuters]

Built In started tracking how many tech companies have opened a NYC headquarters this year. While remote work remains popular, there are still plenty of tech companies embracing hybrid or in-person work by opening new HQs in the Big Apple. We will be tracking new headquarters and offices throughout the year. Read on to learn about the companies that have opened up shop in Q1. [Built In NYC]

Hiro launched the Hiro Platform. Hiro creates tools that make it easier for developers to build apps for the Bitcoin protocol. Last week the company launched the Hiro Platform, which allows developers to create and deploy Bitcoin smart contracts from their web browser without installing any additional software. Hiro is currently hiring engineers. [Hiro]

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