The New York City tech scene is booming with announcements. Millions of dollars were raised in venture capital last week across different sectors of tech, bringing plans like hiring and expansions to the Big Apple. This is the Built In NYC weekly refresh.
ConsenSys is valued at more than $7B. Blockchain software and Ethereum infrastructure company ConsenSys raised $450 million in a Series D round led by ParaFi Capital, bringing the company’s valuation to over $7 billion. The funding round comes after the launch of MetaMask, a crypto wallet and browser extension. The company plans to increase its employee headcount this year and use the funding to expand MetaMask. [ConsenSys]
Knock gained $220M. Knock helps guide homeowners through the process of buying a house. The company recently gained $220 million, with $70 million in equity and $150 in new debt. Knock also decided to cancel its IPO plans and will focus on scaling. The new funding will be used to scale its platform. [Built In NYC]
NYC TECH QUOTE OF THE WEEK
Policygenius raised $125M. Policygenius raised $125 million in a Series E round with existing investors participating. Policygenius helps users compare insurance carriers, gain advice, buy policies and more on one platform. The Series E will go toward other insurance offerings such as life, disability, home and auto. The funds will also be used to expand Policygenius Pro, a service for financial advisors, mortgage brokers and others. The company is currently hiring for over 50 roles. [Built In NYC]
Amagi got $95M. Amagi raised $95 million in a financing round led by Accel, bringing its valuation to over $1 billion. Amagi provides SaaS cloud technology for the broadcast industry allowing companies and content owners to create, monetize and distribute channels across platforms. The new unicorn plans to expand its international footprint, increase sales and marketing and explore partnerships and acquisitions. [Amagi]
Gauntlet achieved unicorn status. NYC-based Gauntlet assesses risks and opportunities when investing in crypto. The company raised $23.8 million in a Series B round bringing its valuation to $1 billion and securing unicorn status. The fresh funds will go toward improving its platform and hiring engineers, data scientists and developers. [Built In NYC]
DailyPay got a $300M credit facility. The NYC fintech company announced it received a $300 million revolving credit facility from Barclays. This will help the company serve its clients, and marks the newest investment for DailyPay since it landed a $175 million Series D last May. The company helps employees access their paychecks when they want via its on-demand pay platform. [PR Newswire]
Tilting Point acquired Budge Studios. Titling Point, a publisher of free-to-play mobile games, acquired Budge Studios. Budge provides entertainment and education for children through various apps. The acquisition will allow Tilting Point to expand its audience. Budge Studios will continue to operate independently but with Tilting Point’s publishing. [Business Wire]
