Avenue One Raised $100M, Percent Got $29.7M, and More NYC Tech News

Catch up on the latest developments from the NYC tech sector.  

Written by Ashley Bowden
Published on May. 22, 2023
Avenue One Raised $100M, Percent Got $29.7M, and More NYC Tech News
Avenue One was co-founded by CEO Ryan Stroker and CTO William Martiner. The two are pictured posing for a photo.
Avenue One was co-founded by CEO Ryan Stroker and CTO William Martiner. | Photo: Avenue One

The New York tech scene kept up with the pace of the fast-moving city last week, with several companies raising funding and a SaaS company acquisition. Check out what these companies are building with the Built In NYC Weekly Refresh.

Latch acquired Honest Day’s Work. Latch is a New York software-as-a-service provider for the real estate industry. LA-based Honest Day’s Work is a tech platform dedicated to helping housekeepers, dog walkers and the like operate more efficiently. The $22 million deal will integrate the solutions and help Latch further its mission of making spaces better places to live, work and visit. [Business Wire]

Somethings got $3.2M. Somethings is a mental wellness solution aimed at young users. The platform connects teenagers with trained mentors who’ve been through similar life situations for asynchronous conversations. The company announced a seed round from General Catalyst alongside its official launch. [TechCrunch]

NYC Tech Quote of the Week

“Today we stand on the shoulders of these world-class investors who have committed to supporting our work with local real estate businesses across the country. Local partners are the bedrock of our thriving ecosystem fueled by efficient access to the capital markets.” — Ryan Stroker, CEO and co-founder of Avenue One

Avenue One raised $100M. Proptech company Avenue One operates a marketplace for owners, buyers and sellers of residential homes that works to make investing in housing equity more efficient. Its latest funding round led by WestCap will go toward enhancing its tech and data solution as well as growing its partner network and marketplace. [Email]

Percent secured $29.7M. Percent equips investors, borrowers and underwriters with a private credit marketplace that works to streamline their transactions. The company secured Series B funding led by White Star Capital that brings its total capital raised to $48.2 million. Investors including Evolution VC and Global Fintech Venture Partners also participated in the round. [Business Wire]

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