Following a strong month for raising venture capital in January, funding slowed in February among New York City startups. This month, New York City tech companies raked in over $111 million, a $389 million decrease from January.
Here’s a look back the top five rounds this month.
Health Reveal, $10.8 million, February 10
Investors: GE Ventures, Greycroft Partners, Flare Capital Partners and Manatt Ventures.
Bio: HealthReveal is a healthtech company that anticipates and mitigates adverse medical events for individuals with chronic disease.
News: With the new round in tow, HealthReveal will apply machine learning techniques to patient information and leverage the Internet of Things to continually monitor at-risk patients.
Credifi, $13 million, February 13
Investors: Stax Inc, OurCrowd, Carmel Ventures, Battery Ventures, 31Ventures and Liberty Israel Venture Fund
Bio: Credifi is a commercial real estate finance data and analytics company that provides technology solutions in both deal origination and risk oversight.
News: The new funds raised will be used to accelerate CrediFi's ongoing growth, which includes expanding its sales and marketing teams as well as an upcoming product launch.
Better Mortgage, $15 million, February 9
Investors: Kleiner Perkings Caufield & Byers, Goldman Sachs and Pine Brook Partners.
Bio: Better Mortgage is an online real estate lender that has funded more than $500 million in loans by tapping into underserved consumer demand for a simpler and more affordable home finance experience.
News: The new capital gave the company a $220 million valuation and will support the launch and expansion of Better Mortage's home purchase finance product on Better.com.
OpenFin, $15 million, Feburary 16
Investors: J.P. Morgan. Bain Capital Ventures, Euclid Opportunities, DRW Venture Capital, Nyca Partners and Pivot Investment Partners.
Bio: OpenFin is focused on helping financial services firms update their technology infrastructure.
News: The new funding will be used to expand OpenFin’s team in both New York and the London, improve its customer service and add more features to its technology.
PebblePost, $15 million, February 28
Investors: RRE Ventures, Greycroft Partners and Tribeca Venture Partners.
Bio: PebblePost uses real-time online activity to deliver personalized direct mail through postal hubs to reach customers in their homes.
News: The company plans on using the new investment to expand the reach and presence if its marketing channel beyond retail and into other consumer and B2B sectors.
Images via Facebook and Shutterstock.
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