New solutions in areas like e-commerce and healthcare are constantly emerging on the NYC tech scene. Last month, innovators in these sectors and more secured a total of $240 million in venture funding to further their innovations. Check out which companies are growing and hiring with their fresh capital.
Largest NYC Tech Funding Rounds, July 2023
- AppHub
- K Health
- Radar
- Torch Dental
- Gloss Genius
#4 (tied). $28 million, July 27
Serving small businesses like spas and salons, GlossGenius provides an appointment management and scheduling system that handles tasks like payments, booking and inventory. The company’s $28 million Series C funding round led by L Catterton will help accelerate the development of its platform. Its total funding to date is about $70 million.
#4 (tied). $28 million, July 17
On a mission to modernize dental practice supply chains, Torch developed a platform that lets dentists discover, order and pay for the tools and materials needed to run their businesses. The platform raised a $28 million Series B round from lead investor Health Velocity Capital to accelerate its work of helping practices across the United States digitize their supply chains.
#3. $30 million, July 13
Leveraging computer vision and radio frequency identification, RADAR’s tech works to assist retail associates with tracking and locating in-store inventory. The company plans to use its Series A funding from lead investor Align Ventures to expand its customer roster, accelerate product development and hire talent across its engineering, product and sales teams.
#2. $59 million, July 17
K Health developed a platform that uses artificial intelligence to combine professional medical knowledge with patient clinical data. Its goal is to equip doctors with information that can help diagnose and treat patients with similar symptoms and conditions. The company pulled in $59 million in fresh capital from its investors and Cedars Sinai Hospital, bringing its total funding raised to $325 million.
#1. $95 million, July 25
Serving e-commerce platforms like Shopify and WooCommerce, AppHub’s software products work to help them drive growth and scale their businesses. The company pulled in a sizable strategic growth investment from PSG to accelerate the growth of its own business. Alongside the capital raise, AppHub announced its acquisition of Boost, an AI-powered search and discovery tool.
