Mint House Gained $35M, Valence Raised $25M, and More NYC Tech News

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

Written by Delilah Alvarado
Published on May. 09, 2022
Photo: Mint House/LinkedIn
Photo: Mint House / LinkedIn

The New York tech scene had a busy week with new capital, new opportunities and other announcements. This is the Built In NYC weekly refresh.

Mint House gained $35M. Mint House is a local travel tech company that acts as a cross between hotels and Airbnbs, providing travelers with 24/7 digital concierge services and other hotel-like amenities. This Series B round will go toward the company’s expansion into additional markets and scaling its product roadmap. Mint House is also looking to hire for multiple roles. [Built In NYC]

Valence raised $25M. Valence raised a Series A round led by VC firm Insight Partners. Valence is a “teamwork platform” that provides tools for team building digitally. The company plans to expand its sales footprint and triple the size of its team. [TechCrunch]

NYC TECH QUOTE OF THE WEEK

“As I met with car wash owners, I found they were universally struggling to provide the same seamless experience that they deliver at the wash in all the other touchpoints they have with their customers — from online sign-ups to membership management to ongoing member communication. [My co-founders and I] felt that there was an opportunity to build a CRM from the ground up to meet the specific needs of this industry and help car washes of all sizes delight their customers and maximize their subscription revenue.” – Austin Esecson, CEO and co-founder of Rinsed

Rinsed got $12M. Rinsed is a CRM software company for the car wash subscription industry. Rinsed received a Series A funding round that will go toward hiring and developing an office in downtown New York City. [Built In NYC]

Stakes gained $5.3M. The sports betting app secured seed funding that will go toward expanding the team and its user base. Stakes sets itself apart from other sports betting apps by allowing its users to earn NFTs. Sam Li, former vice president of the National Basketball Association, has also joined the company as a strategic investor and advisor. [Built In NYC]

Zipari gained a CPO. Zipari, the ​​consumer experience platform for health insurance, appointed Stan Opstad as its chief product officer. Opstad brings over two decades of experience with a career that has focused on product strategy and growth. [BusinessWire]

MoneyLion appointed a chief customer officer. MoneyLion, which provides financial services and lifestyle content, has appointed Cynthia Kleinbaum as chief customer officer.  Kleinbaum will be responsible for overseeing aspects of the company’s marketing efforts and brings over 20 years of experience to the company. [BusinessWire]

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