NYC tech is no stranger to large sums of money. In the past seven days alone, some of the city’s top funding rounds added up to $127.5 million. Take a look at some of the companies bringing in the most cash.
AbleTo, $36.6M
Investors: Horizon Healthcare Services, HLM Venture Partners, Sandbox Industries, .406 Ventures, Aetna, Bain Capital Ventures
AbleTo is a platform that provides people with an eight-week program of digital coaching and therapy. The $36.6 million Series D investment was led by Bain Capital Ventures with participation from Aetna, .406 Ventures, Sandbox Industries, HLM Venture Partners and Horizon Healthcare Services, Inc. and will be used to expand business operations. [Press release]
ElleVest, $32.5M
Investors: Mohamed El-Erian, Venus Williams
Digital investment platform ElleVest targets a female user base. Former Citibank CFO Sallie Krawcheck started the company in response to the gender gap in investments, and the company has seen steady growth ever since. It recently raised $32.5 million from investors Mohamed El-Erian and Venus Williams. [CNBC]
ALICE, $26M
Investor: Expedia
Hospitality operations platform ALICE raised $26 million in a Series B funding round. The investment was led by Expedia, making the online travel company the majority stakeholder. Named after the housekeeper in The Brady Bunch, ALICE allows hotels to have one singular tool for managing all of its operational needs (including, you guessed it, housekeeping). [Skift]
New York Shipping Exchange, $13M
Investors: New York Angels, On Grid Ventures, Tectonic Capital, Tecton Capital Partners LLC, Blumberg Capital, GE Ventures, Goldman Sachs
The New York Shipping Exchange helps streamline and optimize global trade. The company, which teamed up with experts in finance and technology to create a solution to shipping inefficiencies, raised $13 million in a Series A funding round. The investment comes in the midst of the company’s plans to develop a digital solution for no-show bookings and rolled containers. [The Loadstar]
Outdoor Voices, $9M
Investor: Millard Drexler
Athleisure brand Outdoor Voices raised $9 million in funding led by J. Crew CEO Millard Drexler, with participation from a few other strategic partners. While 70 percent of revenue is driven by online sales, the company uses its retail stores for branding purposes. By the end of the year, the company plans to open seven stores across the country. [TechCrunch]
Square Roots Urban Growers, $5.4M
Investors: Grant McCargo, James Walton, Thomas Ermacora, Collaborative Fund
Launched in 2016, Square Roots is an urban farming incubator based in Brooklyn. The company was founded by Kimbal Musk (yes, he’s related to Elon Musk), and raised $5.4 million in seed funding led by Collaborative Fund. The company is looking to select a second city to call home in the future. [TechCrunch]
Next Caller, $5M
Investor: Crystal Towers
Fraud protection company Next Caller raised $5 million in Series A funding on Monday. The startup, which services Fortune 500 companies and several top U.S. banks, provides instant identity verification on callers and analyzes data in real time to pick up on fraudulent activity. The new round of funding will be used to hire more team members and add new features to its fraud solution. [TechCrunch]
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