Big Apple-based tech talent has been hard at work creating solutions for today’s digital world. With new tools for personal financial goals, content creation as a business and more, learn how NYC innovators are changing the game. This is the Built In NYC Weekly Refresh.
Staytuned raised $34M. The company acquires e-commerce apps and works to help merchants scale their businesses quickly and efficiently. To date, Staytuned has raised a total of $46.5 million in equity and debt. Investors including TenOneTen and Rembrandt VC contributed to Staytuned’s latest raise. Going forward, Staytuned plans to acquire and build software in the Shopify ecosystem and beyond. [Staytuned]
Hyve launched its fintech app. The company developed a solution targeted toward younger generations to help them pay down debt and save and invest money. The social platform Hyve enables users to create a network of supporters to help each user reach their goals. The platform is publically available for download following a successful beta. [TechCrunch]
NYC Tech Quote of the Week
“I think we’re hitting an inflection point where VCs want to see how any one of these [creator economy] companies can actually become a $1 billion company or a $10 billion company. How’s that going to happen? You’ve got to start thinking bigger, and this is where the creator economy and the small business economy are converging. I fully believe that Hype can get there alone, but I also believe that we can get there faster by bringing some others along for the ride.” — Nick Chen, Hype co-founder and CEO
Hype pulled in $10M. Announced alongside the company’s launch, Hype secured a round of Series A funding for its solution that allows digital content creators to connect to their followers. Hype will continue to advance its product and seek out new opportunities for partnerships and acquisitions. [Built In NYC]
GoLogiq will acquire APPLI. Fintech and consumer data analytics company GoLogiq submitted a letter of intent to purchase Applied Positive Psychology Learning Institute, or APPLI for short. APPLI connects its customers to products and services meant to make a positive and sustainable change in their mental health and wellbeing. When a definitive agreement is signed, GoLogiq will acquire 100 percent of APPLI in a $6 million all-stock transaction. [Globe Newswire]
These New York companies raised VC funding in March. Spanning industries like AI, climate tech and healthtech, five NYC-based tech companies secured last month’s largest venture capital sums. Totaling $580 million, these companies are enhancing their products and expanding their businesses. [Built In NYC]
