In total, New York tech companies raised over $242 million in August, trumping capital dollars raised in July by over $76 million. Here is a look back at the top five rounds from this month.
5. Packet Host, $9.4 million, August 12
Investors: Undisclosed.
Bio: Packet Host is a bare metal cloud built for automation. The platform brings the price and performance benefits of bare metal servers to the cloud, powering highly-available performance workloads through a never-congested network.
News: In April, Packet Host announced it will be expanding its footprint outside of New York City to Amsterdam and Sunnyvale, CA.
4. Behalf, $27 million, August 30
Investors: Viola Growth, Sequoia Capital, Spark Capital, MissionOG and Vintage.
Bio: Behalf offers small businesses loans at the point of sale, with funds immediately released to settle the transaction. The company provides an attractive alternative to more traditional lenders who want to charge high interest rates on loans that banks aren’t interested in.
News: Behalf is planning on using the funding to rapidly scale growth through increased investment in sales, business development and marketing. The company also plans to continue to develop its product while becoming a service leader in small business purchase financing.
3. Mediamorph, $21.1 million, August 22
Investors: Advance Vixeid Partners, Smedvig Capital and Liberty Global Ventures.
Bio: Mediamorph is a SaaS company that provides data management, analytics and applications for managing digital distribution.
News: With the funding, Mediamorph has appointed three new board members: Nomi Bergman, president of Advance/Newhouse Partnership, Bob Greene, managing director of Liberty Global and Barry Baker, senior adviser to Lee Equity Partners.
2. Kaltura, $50 million, August 8
Investors: Goldman Sachs
Bio: Kaltura’s mission is to power any video experience. They offer a range of out-of-the-box video products as well as a flexible and modular API-based video platform for developers, partners and customers looking to create custom products.
News: The New York-based company plans to use the funding to expand across all six continents to further its position as the leading provider of video content for an array of markets and use-cases.
1. Compass, $75 million, August 31
Investors: Wellington Management Company LLP, IVP, Thrive Capital, Founders Fund and 406 Ventures.
Bio: Compass is revolutionizing how people list and find properties online. The platform works as a comprehensive brokerage service that fuses real estate agents with technology to make buying, selling and renting property a simpler process.
News: The new funding will be used to accelerate the company’s growth into new markets and enhance its technology to improve the experience for consumers and agents using the platform.
Have a news tip for us or know of a company that deserves coverage? Let us know or tweet us @builtinnewyork.
