Right now is a great time to find funding. In light of thriving economic indicators, and current bull markets, there seems to be a shared sense of optimism amongst investors. Recently this enthusiasm has translated into a spree of major rounds of funding for startups. Below we take a look at a few of the largest rounds closed by NYC startups over the past 30 days.
Digital Asset – $40M
Round: Series B
Industry: Finance, Risk Management, Financial Services, FinTech
Investors: 1 – Jefferson River Capital
Company: Founded in 2014, Digital Asset is a, ‘software company that develops distributed ledger technology solutions for the financial services industry’. Using blockchain technology, Digital Asset allows financial institutions to securely share data without the need for reconciliation. To date, Digital Asset has secured $107.2 million in funding.
Andela – $40M
Round: Series C
Industry: Tech Recruiting, Training
Investors: 10 – Aera VC, Amplo, CRE Venture Capital, Chan Zuckerberg Initiative, DBL Partners, Google Ventures, Salesforce Ventures, Spark Capital, TLcom Capital Partners, VentureSouq
Company: Founded in 2014, Andela employs the untapped pool of tech talent in Africa. According to their website, Andela states that Africa is home to 7 of the 10 fastest growing internet markets in the world. Knowing this, Andela pairs the top talent from this region with companies for full-time employment. To date, Andela has closed $81 million in funding.
Yotpo – $51M
Round: Series D
Industry: Content Marketing
Investors: 8 – 2B Angels, Access Industries, Bessemer Venture Partners, Blumberg Capital, Marker, Rhodium, Vertex Ventures, Vintage Investment Partners
Company: Founded in 2011, Yotpo collects user generated content, business reviews, photos, etc. and aggregates them to establish a company’s social proof. Yotpo claims users experience between a 30-120% conversion rate when their customizable widgets are used on product pages. According to its Facebook page, Yotpo claims that to date over 200,000 companies use their service worldwide. To date, Yotpo has closed $101 million of funding.
InVision – $100M
Round: Series E
Industry: Digital Product Design, UX, Mobile Apps
Investors: 7 – Accel Partners, Battery Ventures, FirstMark, Geodesic Capital, ICONIQ Capital, Spark Capital, Tiger Global Management
Company: Founded in 2011, InVision is a digital product design platform that boasts over 2 million users. According to their website, InVision is used by over 80% of the Fortune 100 companies to design their mobile apps, websites, and digital platforms. These companies include Amazon, Netflix, Starbucks, and Uber just to name a few. To date, InVision has closed $235.2 million in funding.
Compass – $100M
Round: Series E
Industry: Real Estate, Mobile App
Investors: 3 – Fidelity Investments, IVP (Institutional Venture Partners), Wellington Management
Company: Founded in 2012, Compass is a mobile app that pairs prospective real estate buyers and sellers. With 30 offices in 9 regions, Compass caters to the luxury, high-end market. With this latest round of funding, the company now has a valuation of $1.8 billion. To date, Compass has closed $308 million of funding.
Intersection – $150M
Round: Series Unknown
Industry: Advertising, Marketing, Digital Media
Investors: 3 – ArrowMark Partners, Graham Holdings, NewSpring Capital
Company: Founded in 2012, Intersection provides the largest and fastest free Wi-Fi network in the world. Intersection is behind the 1,399 digital Link kiosks now in-and-around NYC that provide information services, free of charge. At present, Intersection is poised to roll-out the Link system in another 14 cities worldwide. To date, Intersection has closed $150 million of funding.