NYC’s Largest Tech Funding Rounds Totaled $240M in July

Learn how the startups that raised last month’s largest venture capital rounds plan to invest their fresh funding.

Written by Ashley Bowden
Published on Aug. 01, 2023
NYC’s Largest Tech Funding Rounds Totaled $240M in July
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New solutions in areas like e-commerce and healthcare are constantly emerging on the NYC tech scene. Last month, innovators in these sectors and more secured a total of $240 million in venture funding to further their innovations. Check out which companies are growing and hiring with their fresh capital.

Largest NYC Tech Funding Rounds, July 2023

  1. AppHub
  2. K Health
  3. Radar
  4. Torch Dental
  5. Gloss Genius

     

    #4 (tied). $28 million, July 27 

    Serving small businesses like spas and salons, GlossGenius provides an appointment management and scheduling system that handles tasks like payments, booking and inventory. The company’s $28 million Series C funding round led by L Catterton will help accelerate the development of its platform. Its total funding to date is about $70 million.

     

    #4 (tied). $28 million, July 17

    On a mission to modernize dental practice supply chains, Torch developed a platform that lets dentists discover, order and pay for the tools and materials needed to run their businesses. The platform raised a $28 million Series B round from lead investor Health Velocity Capital to accelerate its work of helping practices across the United States digitize their supply chains.

     

    #3. $30 million, July 13

    Leveraging computer vision and radio frequency identification, RADAR’s tech works to assist retail associates with tracking and locating in-store inventory. The company plans to use its Series A funding from lead investor Align Ventures to expand its customer roster, accelerate product development and hire talent across its engineering, product and sales teams.

     

    #2. $59 million, July 17

    K Health developed a platform that uses artificial intelligence to combine professional medical knowledge with patient clinical data. Its goal is to equip doctors with information that can help diagnose and treat patients with similar symptoms and conditions. The company pulled in $59 million in fresh capital from its investors and Cedars Sinai Hospital, bringing its total funding raised to $325 million.

     

    #1. $95 million, July 25

    Serving e-commerce platforms like Shopify and WooCommerce, AppHub’s software products work to help them drive growth and scale their businesses. The company pulled in a sizable​​ strategic growth investment from PSG to accelerate the growth of its own business. Alongside the capital raise, AppHub announced its acquisition of Boost, an AI-powered search and discovery tool.

    Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in July by tech companies with a headquarters in NYC. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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