FundGuard Got $40M, Air Company Raised $30M, and More NYC Tech News

Here’s what you may have missed in the world of NYC tech.

Written by Delilah Alvarado
Published on Apr. 25, 2022
Photo: Air Company
Photo: Air Company

The New York tech scene had a busy week with several announcements ranging from new leadership, new capital and new innovations. Keep reading the Built In NYC weekly refresh to find out more and catch up on the latest.

JPMorgan Chase announced a new office. The company recently unveiled new headquarters: a 60-story skyscraper located at 270 Park Avenue. The office will offer perks such as fitness areas, medical services, a food hall and more. The building is being designed by Foster + Partners and will be complete by the end of 2025. The company is also actively hiring. [Built In NYC]

FundGuard gained $40M. FundGuard is a hedge fund management company backed by AI technology. The company raised a Series B round that will allow more growth. The company has 12 positions available. [Built In NYC]

NYC TECH QUOTE OF THE WEEK

“Our immediate goal at Air Company is to further improve and scale our technology that converts carbon dioxide into the cleanest, lowest carbon intensity alcohols for consumer products, on the path to industrial applications. Ultimately, we aim to truly have an impact toward addressing climate change by utilizing waste and atmospheric carbon dioxide to displace fossil fuels at-scale; replacing the carbon that we currently extract from the ground, with carbon removed from the air.” – Stafford Sheehan, CTO and co-founder of Air Company

Air Company raised $30M. Air Company wants to help the planet by taking carbon dioxide and turning it into vodka. The company also offers other products such as perfume. The series A round will be used to increase the production of its vodka and build another commercial-scale carbon utilization factory. The company also has plans to hire more to the team. [Built In NYC]

Quip acquired Toothpic. Quip is a company that produces oral healthcare products such as electric toothbrushes. The company acquired Toothpic, a telehealth platform for dentistry, for an undisclosed amount. The acquisition will expand quip’s customer base and will offer Quip’s products to Toothpic’s clientele. [Built In NYC]

Serena Williams invested in OpenSponsorship. OpenSponsorship partners athletes with brands and companies for sponsorship opportunities. Tennis star Serena Williams invested in the company at an unknown amount but is said to be a seven-figure backing. The capital will be used to bring more athletes to the platform and expand globally. OpenSponsorship is currently hiring for a few roles as well. [Built In NYC]

BlockApps got $41M. BlockApps, incubated out of Consensys, is a blockchain-as-a-service platform. The funding will go toward scaling its go-to-market strategy, helping businesses get into blockchain and adding to the team. [TechCrunch]

MParticle expanded its leadership. MParticle is a customer data management company that works with companies such as Spotify and NBC Universal. The company added three executive leadership positions: Barbie Brewer as chief people officer, Bonney Pelley as chief operating officer and Jason Seeba as chief marketing officer. [PR Newswire]

Casper gained a new CPO. Casper, a bedding company providing free contactless shipping, gained a new chief people officer in Robert Lepere, who brings over 23 years of experience in retail HR. [LinkedIn]

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