Misfits Market Got $200M, Mantl Raised $40M, and More NYC Tech News

Copious tech innovations are coming to the Big Apple, where several companies pulled in fresh funding last week. Find out what these startups are planning. This is the Built In NYC weekly refresh.

Written by Ashley Bowden
Published on Apr. 26, 2021
Misfits Market Got $200M, Mantl Raised $40M, and More NYC Tech News
mantl
photo: mantl

Copious tech innovations are coming to the Big Apple, where several companies pulled in fresh funding last week. Find out what these startups are planning. This is the Built In NYC weekly refresh.

Misfits Market pulled in $200MThe Series C raise for the online grocer catapulted its valuation to over $1 billion. The startup delivers organic misshapen produce directly to customers’ homes. With the fresh cash, the New Jersey-based unicorn is looking to finish expanding along the West Coast and build out its product offerings. [Built In NYC]

Mantl got $40MThe startup helps smaller financial institutions grow by providing them with tech that enables their customers to easily open online accounts, a solution that’s grown in adoption over the course of the pandemic. Continuing its growth streak, Mantl closed on a Series B round led by CapitalG to expand its suite of products. [Built In NYC]

NYC Tech Quote of the Week

“Leaders that can lead business transformations, that can lead their teams empathetically, particularly from a distance. And leaders that can lead increasingly diverse teams in an inclusive manner. Those are the key pillars that we see in successful future-ready leaders.” —Stephen Baile, ExecOnline CEO and co-founder

ExecOnline secured $45MIts edtech platform for corporate leaders aims to help them provide equitable access to development opportunities that would help advance their careers. The funds from ExecOnline’s Series D, led by OMERS Growth Equity, will go toward innovating its product, adding more training programs, and creating a new payment model. [Built In NYC]

Overtime pulled in $80MBacked by big-name investors including rapper Drake and Amazon’s Jeff Bezos, Overtime just closed on a Series C round for its sports media platform that features things from live events to sports content. It launched its own pro basketball league, Overtime Elite, and it’s planning to invest part of this raise in hiring staff and securing salaries for its athletes. [Built In NYC]

Cherre raised $50MThe real estate data management and analytics platform just announced a growth funding round led by Trustbridge Partners, with participation from Glilot Capital Partners and Mark Schwartz, a former Goldman Sachs exec. The company, which previously raised a $16 million round last February, plans to grow its platform offerings and headcount. [NY Business Journal]

Outlier.org raised $30MThe company’s platform works to make college courses affordable, engaging and digitally accessible. It offers courses led by instructors from top institutions as well as other learning features. Its Series B funding led by GV will allow Outlier to add 14 more courses to its catalog and expand its network of higher ed partners. [Built In NYC]

Kumospace got $3MWith its platform that combines a video call with a video game, Kumospace secured seed funding in a round led by Boldstart Ventures to make new additions to its product. The company is building a feature that allows users to build their own virtual chat spaces, and it has new offerings for enterprise customers in the works. The startup is currently looking to add talent to its product and engineering teams. [Built In NYC]

Intuit to open talent hubs in NYC and LAThe fintech company is looking to recruit new additions to its engineering team as it’s working to diversify its workforce. It noted that these two cities collectively open access to 27 percent of the underrepresented minority engineering talent on the continent. The Credit Karma creator also stated it will take a hybrid approach to reopening its offices going forward. [Built In NYC]

TytoCare appointed a new CCOThe company developed a modular device designed for AI-based remote medical exams, and it just named Tamir Gotfried as its chief commercial officer. In his new position, Gotfried, formerly CRO and general manager of Bringg, will focus on revenue growth and accelerating TytoCare’s product adoption. [PR Newswire]

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