Acquisitions, funding rounds and company-wide rebrands were among the local tech headlines last week. Find out what you may have missed with the Built In NYC weekly refresh.
Paddle’s $200M acquisition. A few weeks after raising a $200 million Series D round, Paddle, a SaaS payment infrastructure company, acquired Boston-based ProfitWell, a subscription-based retention analytics platform. The acquisition, valued at $200 million, will retain all Profitwell employees and is scheduled to close by the end of 2022. [Built In NYC]
iCapital acquired SIMON. Fintech company iCapital acquired financial advisory service startup SIMON. Both companies have similar focuses on asset and wealth management. The acquisition will keep Jason Broder, CEO of SIMON, on board as he joins iCapital as managing director and head of iCapital solutions. [iCapital]
Clear Street hit $1.7B valuation. After raising a $165 million Series B round, Clear Street reached a $1.7 billion valuation, making it a newfound tech unicorn. The startup aims to improve access to capital markets for all market participants, including traders, institutions, market makers and fintech companies. With its recent raise, Clear Street plans to hire. [Built In NYC]
Flowcarbon raised $70M. Climate tech and cryptocurrency startup Flowcarbon raised $70 million in funding from VC giant a16z. The NYC-based startup aims to tokenize global projects that remove carbon emissions from the atmosphere. Through its carbon-backed token, Flowcarbon hopes consumers will pour investment into environmentally-friendly projects. [Flowcarbon]
Parallel Learning raked in $20M. The tech-backed platform that diagnoses learning differences raked in $20 million in Series A funding last Tuesday. The round, led by Tiger Global, will go toward hiring across its engineering, marketing and sales teams. Additionally, the round will go to expanding the platform into 12 more states this year. [Built In NYC]
Hey Jane maintains fight for abortion access. With Roe v. Wade in jeopardy, local telehealth startup Hey Jane is prepping for a surge in demand for abortion pills. In addition to providing telehealth consultations and shipping abortion pills to patients, Hey Jane also partners with abortion clinics and raises awareness and education around abortion care. [Built In NYC]
Archie’s mission is to pay freelancers on time. Since launching publicly last year, freelancer payment platform Archie has processed $15 million in payments. The company, which was highlighted in our Built In Future 5 series, helps businesses pick up the pace on paying freelancers in a shorter period of time than the usual net 30 basis. [Built In NYC]
Buywith pulled in $9.5M. Live stream shopping startup buywith raised $9.5 million in seed funding from igniteXL Ventures. Buywith has worked with Estée Lauder, Steve Madden, Charlotte Tilbury and Walmart to host on-site livestream shopping. The company plans to use its funding to hire with a specific focus on growing its sales and marketing teams alongside its research and development team. [Built In NYC]
Liberty Lending rebranded. Fintech company Liberty Lending rebranded to Reach Financial. The seven-year-old company houses100 NYC-based employees. [JamesNames]
