New York’s tech ecosystem was hard at work last week. Local startups were busy announcing major funding rounds, mergers and pivots into Web3. Read more about what you have missed last week in the Built In NYC Weekly Refresh.
Mesh Payments raised $60M. New York City-based Mesh Payments, a financial automation platform, raised $60 million in funding last week. This raise, led by Alpha Wave with participation from other investors like Tiger Global, brings the company’s total funding to $123 million. With its new capital, Mesh plans to invest in accelerating its product innovation. [PR Newswire]
Carbyne raked in $56M. Secure emergency communications startup Carbyne raked in $56 million in a Series C raise last week. The round, co-led by Cox Enterprises and Hanaco Growth Fund brings the company’s total funding raised to date to $128 million. With its new capital, Carbyne plans to invest in fueling its technology in government service centers primarily in the U.S. Additional funding will go toward the company’s plans for global expansion. [Built In NYC]
NYC Tech Quote Of The Week
Care.com was featured in Built In’s Future 5 series. Care.com founder Shelia Marcelo spent over a decade building Care.com into an online marketplace that connects families and caregivers. When Marcelo sold Care.com in 2020, she explored opportunities in Web3 and decided to build Proof of Learn, a Web3 education platform that aims to enhance the skills of coders and blockchain builders in under-resourced global communities. [Built In NYC]
Namely was acquired with Vensure and PrismHR. HR platform Namely announced its merger with Vensure Employer Services, an HR platform that works with over 12,000 clients, and PrismHR, an HR platform serving small and medium-sized businesses. These companies offer services such as handling payroll, managing benefits and documenting time off. According to a company statement, the merger bridges together Namely, PrismHR and Vensure’s staff, which brings their workforce to a collective 3,600 employees. Together, their technology serves over 3 million employees. [Namely]
Huntress raised $40M. Huntress, a cybersecurity platform based in Maryland with roots in NYC, raised $40 million in debt financing from CIBC Innovation Banking. With its new capital, the company is eyeing merger and acquisition opportunities. The funding will also go toward fueling research, product development and global expansion. [SiliconAngle]
