Several tech companies made new moves in the Big Apple last week, from VC funding to new partnerships. Check out what’s underway on the New York tech scene. This is the Built In NYC weekly refresh.
Ramp pulled in $115M. Serving enterprises with a corporate credit card and software that helps manage and track spending, the fintech company just became NYC’s newest unicorn after its latest raise. D1 Capital Partners and Stripe co-led the funding round that brings two-year-old Ramp’s valuation up to $1.6 billion. It anticipates furthering its sales, partnership and marketing efforts and growing its headcount. [Built In NYC]
Nydig secured $100M. The startup offers Bitcoin tech and investment solutions for clients including insurers, banks and corporations. Investors Starr Insurance and Liberty Mutual Insurance contributed to the round. Mike Sapnar, CEO of TransRe, is joining Nydig as its global head of insurance solutions. [FinSMEs]
NYC Tech Quote of the Week
SnackMagic raised $15M. Following its Series A raise, SnackMagic is looking to build out its warehouse capacity and logistics support as it works to provide customers with infinitely customizable snack box gifts. The startup was created during the pandemic and has since grown its customer base to include names like Amazon, Google and Microsoft. Craft Ventures led the round. [Built In NYC]
Real got $10M. The startup is bringing group therapy into the digital space to help members with a variety of matters like anxiety and relationships. The company provides monthly check-ins and on-demand sessions with full-time therapists. With its Series A funding led by Lightspeed Venture Partners, Real plans on expanding its platform and hiring new team members. [Built In NYC]
Empathy launched to help families deal with death. Its platform works to guide families through the difficult but inevitable tasks that come after losing a loved one. Empathy automates things like arranging a funeral, validating a will and other logistical processes. With its seed round led by General Catalyst and Aleph, the startup is looking to hire in tech roles at its NYC office. [Built In NYC]
Young Alfred joins forces with C.A.R. In teaming up with the California Association of Realtors, the NYC-based home insurance marketplace can now offer its services through Realtor Secure Transaction. Young Alfred helps C.A.R. members find the best-suited insurance coverage for their clients and enables them to be there when it comes time for those clients to renew their insurance. [Business Wire]
Unqork appointed a new CISO. Marcos Christodonte II will be taking over as chief information security officer for this company that provides a no-code enterprise application platform. He previously worked as a divisional head of information security at Bridgewater Associates. In his new role, Christodonte will be responsible for keeping up with cyber threats as they evolve to provide customers with enterprise-grade security. [Unqork]
