As the weather gets colder, NYC tech companies are turning up the heat, raising sizable funding rounds and gearing up for growth. Keep reading to catch up on the news you may have missed last week. This is the Built In NYC Weekly Refresh.
IronVest bagged $23M. The cybersecurity startup emerged from stealth last week with a seed funding round led by Accomplice. More than 200,000 users are already using IronVest’s app, which uses decentralized biometric fraud prevention technology to protect personal banking, email and health records. [Business Wire]
Chronograph raked in $20M. Chronograph’s cloud-based analytics and data management technology allows private equity firms and their investors to streamline and automate portfolio monitoring, valuations, analytics and reporting. The NYC startup doubled its team in the past year to 75 employees, and it expects to double its headcount again over the next year. [Built In NYC]
OatFi gained $8M. With buy now, pay later becoming more popular in business-to-business (B2B) transactions, NYC fintech OatFi launched from stealth last week with end-to-end infrastructure that allows B2B payment platforms to build their own buy now, pay later tools to embed into their software. The 14-person team expects to up its headcount to 22 by the end of the year. [Built In NYC]
NYC Tech Quote of the Week
BrainPOP was acquired. The educational technology company was purchased by KIRKBI A/S, an investment company formed by the owner of LEGO. While BrainPOP is best known for its short educational children’s movies, the company plans to expand its digital education products with additional funding from KIRKBI. [Business Wire]
Redbird landed $7.6M. Redbird’s analytics operating system empowers nontechnical employees to find, unify, analyze and report data without having to write any code. The company saw a ninefold increase in revenue over the past year. Its newfound seed funding will be used to add more features to its software and to triple its 15-person team over the next year. [Built In NYC]
Octane celebrated a major milestone. Octane, which provides financing for major recreational purchases, announced last week that it originated more than $1 billion in loans this year through its in-house lender Roadrunner Financial. Building on its success in the powersports and outdoor power equipment markets, Octane branched into the tractors, trailers and RV markets this year. [Octane]
