Last week was another busy one for NYC tech companies. Local businesses raised funding to scale their solutions across the finance, education and marketing sectors. Keep reading to catch up on the tech news you may have missed. This is the Built In NYC Weekly Refresh.
Canoe brought in $25M. This NYC-based startup has developed an artificial intelligence-powered solution that captures data from documents for institutional investors, wealth managers and other alternative investment firms. The company plans to use its recent Series B funding to break into the European market, enhance its existing platform and add another 40 employees to its 80-person team. [Built In NYC]
Flox raised $16.5M. Flox is a NYC startup that is working to make Nix’s DevOps tools accessible to developers throughout the systems development lifecycle by making it easier to share environments and packages across organizations. The company expects to release its enterprise platform later this year. This Series A round brings flox’s total funding to $27 million. [PR Newswire]
NYC Tech Quote of the Week
“We are building for the next generation of work. Our approach is transforming the marketing industry at large by rewarding transparency, creating unprecedented access to agency talent and helping companies reduce costs. Brands — big or small — can be agile on our platform and specialized, boutique agencies can finally work with their dream clients.” — Emily Bibb, co-founder of Breef
Breef secured $16M. This startup, which is based out of NYC and Colorado, claims it has developed the first marketplace for advertising and marketing agencies. Brands like Pantone, Spotify and Heineken have used Breef to find and pay agencies to handle their branding, website development and other marketing needs. This Series A round led by Greycroft will help Breef improve its product, expand its partnerships and establish offices in the U.K. and Australia. [Business Wire]
Canary was featured in the Built In Future 5 series. This series about innovative early-stage tech companies kicked off with an article about Canary, which helps businesses make tax-advantaged donations to employees who have experienced an unexpected or unavoidable event that caused financial hardship. Canary founder Rachel Schneider became interested in the concept of emergency relief payments after studying the finances of struggling families for the U.S. Financial Diaries project. [Built In NYC]
Additional funding: Edtech startup Marker Learning landed $15 million for its online offering that evaluates and provides supports for individuals with learning disabilities. [Built In NYC]
Fintech startup Fierce launched out of stealth with $10 million for its financial super app that offers a high-yield checking account, investment banking and 24/7 customer support. [Built In NYC]
