NYC tech companies in fintech, software and edtech started June on a high note, securing fresh financing and launching new platforms and partnerships. Catch up on the latest with the Built In NYC Weekly Refresh.
Octane finalized a $400M securitization. Octane is an end-to-end fintech platform for recreational purchases such as ATVs and motorcycles. The asset-backed securitization is Octane’s eighth transaction to date. The company is now hiring for a handful of roles. [Octane]
CoreWeave raised $200M. The cloud computing company aims to accelerate computer-intensive workloads. This funding comes as an extension to its Series B round, which raised $221 million in April. Roseland, New Jersey-based CoreWeave is now hiring for an array of positions. [Business Wire]
NYC Tech Quote of the Week
“When we looked at the space, we realized there has been a ton of change within the dating app industry over the past decade but none of those efforts were really focused specifically on the experience for queer men.” — Michael Kaye, director of brand marketing and communications at Archer
Archer launched in the NYC area. Operating under parent company Match Group, Archer is a dating app designed for queer men. Users can create a dating profile with photos and tags that describe themselves, their interests and hobbies. The app is expected to roll out new features like uploading short-lived content and be available for users across the U.S. by the end of the year. [Built In NYC]
Antimatter secured $2M. The edtech startup uses memes, illustrations and shitposts to help students understand a given topic. Here’s how it works: students use the platform to make memes about what they are learning and teachers can use the memes to guide students through group lessons. Antimatter’s recent seed round was led by Version One. [TechCrunch]
NAX Group partnered with AlixPartners. NAX Group, which stands for new asset exchange, is a software company that helps businesses find new ways to grow by unlocking datasets. The NYC company joined forces with consulting firm AlixPartners to build a corporate growth platform that will use artificial intelligence to increase a company’s productivity and help them scale. NAX’s capital branch, NAX Capital, also recently appointed former CEO of GE Capital Rich Laxer as its chairman and managing partner. In addition to this news, NAX Group is actively hiring. [NAX Group]
