New York tech companies are innovating everything from healthcare solutions to hybrid working platforms. After a week full of funding announcements, learn how these companies are growing. This is the Built In NYC Weekly Refresh.
TheGuarantors got $35M. The software developer equips renters and landlords with financial and insurance solutions. The company secured growth funding by means of an additional debt facility from CIBC Innovation Banking. The capital will help TheGuarantors further its goal of helping improve rental affordability for tenants across the U.S. The raise brings its total funding to date to $110 million. [Accesswire]
Axoni secured $20M. Axoni’s data synchronization software works to reduce cost, risk and errors when a business transfers critical information between financial institutions. The company announced a new injection of funding led by EJF Ventures that will go toward further advancing its tech stack and fueling continued global expansion. [PR Newswire]
NYC Tech Quote of the Week
“With all the excitement and growth in the membership model, the retail customer and their experience have been largely neglected. This is a problem we hear constantly from our customers, and we are excited to use this funding to double down on the development of a complete solution for car wash operators.”— Austin Esecson, co-founder and CEO of Rinsed
Rinsed pulled in $20M. Offering car washes customer relationship management software, Rinsed aims to help these businesses grow their revenue. New York-based Rinsed pulled in a round of Series B funding led by VMG Technology to invest in further developing its solution that serves retail wash customers. It’ll also grow its team across engineering, data and customer success. [PR Newswire]
Katmai raised $22M. In the age of pandemic-induced remote and hybrid work, Katmai is working to change how people work together online. The company developed a video conferencing solution that incorporates 3D virtual offices, video cameras and avatars using a real-time 3D engine. Its Series A round was led by Starr Insurance Companies. [VentureBeat]
In other VC funding news: Working to help employers relieve some of their employees’ student debt burden, Summer raised $6 million for its fintech solution from investors like General Catalyst. [TechCrunch]
Aiming to modernize the events management space, POSH announced a $5 million raise from Companyon Ventures and EPIC Ventures alongside the public launch of its software solution. [TechCrunch]
Chiefy raised $4.2 million for its cloud-based collaboration platform for surgical teams from lead investor LionBird. [PR Newswire]
