While venture capital sums were on the smaller side last week, an array of tech companies are fueling huge growth plans with fresh funding, a new office and more. Find out what these companies have in the works with the Built In NYC Weekly Refresh.
Salt Labs opened a new office. Salt Labs develops enterprise tech for customer loyalty and payment solutions. The company announced its move into a new office space in the Harrison Building at 39 Broadway. Currently staffed with 12 people, Salt Labs anticipates continued growth as it settles into its new space. [PR Newswire]
Trunk Tools secured $9.9M. Operating in the construction space, fintech company Trunk Tools works to help skilled workers access their wages faster than waiting on a paper check. The mobile platform lets workers view tasks, check balances, review transactions and more. Trunk Tools announced its launch from stealth alongside an oversubscribed round of seed funding led by Innovation Endeavors. [Business Wire]
NYC Tech Quote of the Week
“We are thrilled to partner with Insight Partners as we transform Flagship's vision from blueprint to breakthrough. This funding enables us to bring on board the brightest minds in data science and engineering, in order to deliver an exceptional product experience with outsized ROI for our customers.”—Justin Abrams, co-founder and CEO of Flagship
Flagship pulled in $5M. Serving the retail industry, Flagship is building a data-driven inventory planning solution. The company raised a round of seed capital from lead investor Insight Partners, which it plans to put toward developing its inventory cloud solution and expanding its customer base. It’s also expanding its team across engineering and other roles. [PR Newswire]
Notified applied for a patent. Notified, a tech platform for sectors like public relations and marketing, filed an application with the U.S. Patent and Trademark Office for its smart press release solutions. The company wants to leverage artificial intelligence to help its users effectively amplify stories and revamp how press releases are created, distributed and measured. [GlobeNewswire]
OfColor raised funding. On a mission to help close the racial wealth gap in the U.S., OfColor operates a financial wellness platform focused on empowering members of the BIPOC community. It pulled in new capital of an undisclosed amount from Financial Finesse Ventures and announced a new partnership with its investor. As part of the collaboration, the two entities will share industry resources with each other. [Built In NYC]
In more VC funding news: Spark Capital led a $3.6 million round of funding for retail investing app ROI, and the round will fuel the company’s go-to-market, product development and partnership acquisition initiatives. [Yahoo Finance]
A $3 million round of Series B funding for telehealth platform Hello Pediatrics will help the company add behavioral health services for children and families to its platform as well as expand into new states. [PR Newswire]
