Last week, nine New York startups raised a combined $523 million. Read on to find out more about the companies that raised new capital. This is the Built In NYC weekly refresh.
Cityblock raised $160M. This healthtech company is focused on providing value-based care to individuals who wouldn’t have access to proper care for medical needs otherwise. The new funding from its Series C round led by General Catalyst will enable Cityblock to expand nationally and provide its members with new services. The company is also hiring with positions available in product, engineering, data science and business operations. [Built In NYC]
Beyond Identity got $75M. The startup plans to use the Series B funding to advance its cloud-native platform that provides users a method of login ID without passwords. The company closed on a successful Series A earlier this year. Its solution circumvents the need for passwords by utilizing X.509-based certificates. This round was led by New Enterprise Associates and will allow Beyond Identity to grow its global footprint. [FinSMEs]
Highbob secured $70M. During a time where most of the world is working remotely, this company’s data-driven HR platform aims to bring the aspects of a well-rounded company to a central virtual space. The funds from its Series B led by SEEK and Israel Growth Partners will go toward expanding globally and increasing its headcount in New York, London and Tel Aviv. [Built In NYC]
Squire added a $59M Series C. The software startup offers a barbershop and salon management platform that handles multiple aspects of running these businesses all in one place. This ICONIQ Capital-led round follows a $34 million Series B announced in June and brings total investment in the company to more than $100 million. [PRNewswire]
LeafLink pulled in $40M. The e-commerce platform is linking users to legal cannabis, and the new funding will help it grow and create new processes and services. LeafLink plans to reach newly opened markets by expanding the brands and retailers it offers. Led by Founders Fund, this Series C round brings the startup’s total funding to $90 million. [TechCrunch]
NYC Tech Quote of the Week
Gotham Greens raised $87M. With our growing population, the Brooklyn-based indoor farming startup is aiming to help work through flaws in the agriculture industry so we can produce more food with less water and chemicals. This funding round was led by Manna tree, and the company will use the new capital to expand its national presence. [Built In NYC]
Arthur.ai secured $15M. As machine learning models are engineered under ideal conditions, the more they’re produced, the less accurate they become. With funds from its Series A round led by Index Ventures, this startup will continue its work toward combating this occurrence and making sure AI models hold up in the real world. [TechCrunch]
Lukka got $15M. The Series C funding round for this crypto data startup was led by S&P Global and State Street Corp. With the new capital, Lukka will be able to expand its software and data products to traditional businesses and funds as they add crypto assets to their businesses and portfolios. [FinSMEs]
WoodSpoon raised $2M. Its platform provides users a way to enjoy homemade food from local chefs. Following its launch in March, the platform has more than 8,000 users across the state of New York. The seed funding round was led by World Trade Ventures, and the startup will use the funds to increase its team of chefs and expand into more states. [Built In NYC]
