Several announcements came out of the NYC tech scene this past week that include new capital raises, a merger, hiring initiatives and more. Keep reading to catch up on the news you might have missed. This is the Built In NYC weekly refresh.
Thirty Madison and Nurx merged. NYC-based Thirty Madison is a healthtech company that focuses on people with chronic conditions such as hair loss, migraines and allergies. Nurx is a female-focused healthcare startup offering STI testing, birth control and more. The two companies merged and will expand Thirty Madison’s platform to include sexual and reproductive healthcare solutions. The financial terms of the merger have not been disclosed. [Built In NYC]
Radar raised $55M. Radar provides geofencing for location based-products and services with clients such as Panera Bread and T-Mobile. The company raised $55 million in a Series C round led by Insight Partners with participation from other existing investors. Radar is looking to build out its location infrastructure and increase its employee headcount across the board. There are currently over a dozen positions available. [Built In NYC]
KraveBeauty launched its venture studio. Beauty brand KraveBeauty announced the launch of Press Reset Ventures with $1 million in funds. Liah Yoo, an “OG Youtuber,” founded Krave Beauty back in 2017 with a focus on simplifying skincare and being a sustainable brand. Press Reset Ventures will invest in B2B and B2C startups that incorporate sustainable product innovation in their values. [Built In NYC]
NYC TECH QUOTE OF THE WEEK
LoanStreet gained $25M. LoanStreet is a fintech company working with credit unions, lenders and banks to streamline the process of financial reporting when it comes to loans. LoanStreet raised a Series B round led by Portage Ventures. The funds will be used to invest in the company’s technology. [Built In NYC]
Koneksa raised $45M. Koneksa developed a software that can pair with any device to collect biomarker data that can then be used in clinical trials. Koneksa raised $45 million in a Series C round led by AyurMaya. The funding will go toward gaining evidence to back up its digital biomarker pipeline and launch a “self-service” platform for partners. [TechCrunch]
Northspyre got $25M. The $25 million Series B funding round was led by CRV along with participation from other investors. Northspyre’s software helps real estate developers easily manage their projects. The new capital will allow Northspyre to expand into other markets and launch new products. [Business Wire]
Curve Health pulled in $12M. Curve Health is a senior care platform that can help avoid unnecessary hospital trips. The platform also helps skilled nursing facilities and provider groups improve their bottom line by integrating telemedicine, data and predictive analytics, billing and more. Curve Health raised $12 million in a Series A financing round that will allow the company to expand into other states. Curve Health currently partners with several facilities in New York, Massachusetts, Minnesota and California. [Skilled Nursing News]
DailyPay hired a new CRO. The DailyPay platform allows “on-demand” payment for merchants, employers and financial institutions with clients. The company announced it appointed Scott Sampson as its first chief revenue officer. Sampson previously worked at 8x8 as senior vice president of worldwide sales. [Yahoo! Finance]
SmartAsset hired a new CPO. SmartAsset is an online platform used to gain financial information and advice. The company announced it appointed Meghan Lapides as its new chief people officer. Lapides will report to the co-founder and CEO and will be responsible for all aspects of the company’s HR department. Lapides brings over two decades of HR experience to the company. [Business Wire]
