The NYC tech scene is on fire following last week’s funding announcements, new partnerships and hiring initiatives. Don’t worry if you fell behind on this local news, we will catch you up. This is the Built In NYC weekly refresh.
Fireblocks raised $550M. Crypto custody platform Fireblocks is now valued at $8 billion following its $550 million Series E round. Fireblocks is reportedly the highest-valued digital asset infrastructure provider in the world. The tech company provides financial institutions with infrastructure need to run a digital asset business. The fresh funding will be used to support Fireblocks’ global customers and further innovate DeFi and other payments. [Built In NYC]
Here are 5 up-and-coming startups to watch in NYC. NYC is home to a plethora of startups making big differences in their respective industries. Built In compiled a list of five startups to keep an eye on this quarter including fitness tech company Balanced, property management startup Daisy, business tech company doola, teletherapy startup Parallel and grocery delivery service Umamicart. [Built In NYC]
Leap gained $50M. NYC-based Leap provides management, real estate expertise and technology to help open retail stores. The company also helps build retail markets and shopping centers by working with brokers, retail landlords and developers. Leap raised a $50 million Series B round that will help the company innovate its platform, expand its location network and hire across its offices. [Built In NYC]
NEW YORK TECH QUOTE OF THE WEEK
The Vets raised $40M. The Vets app aims to make vet care virtual and was founded as part of Target Global’s venture building program. Clients can connect with veterinarians to discuss their concerns while the app gathers data to allow for a more precise diagnosis and a better understanding of the pet. The Vets raised $40 million in seed funding which will go toward expanding into other states to keep up with the demand. [Built In NYC]
Negotiatus rebranded and raised $30M. Negotiatus rebranded as Order and raised a Series B round of $30 million led by Stage 2 Capital. The SaaS+ company works to make the buying process simple for businesses with its guided B2B marketplace. The funding will go toward product innovation and development as well as accelerating its payment business. [PR Newswire]
Bokksu gained $22M. Bokksu originally launched as a Japanese snack subscription but has evolved into an online marketplace that ships Japanese foods, products and accessories anywhere in the U.S. and Canada. The online marketplace gained a $22 million Series A funding round led by Valor Siren Ventures. The funds will be used to improve its delivery times, expand its product line and grow its team. [Built In NYC]
Lunchbox and Virturant teamed up. Virtual dining company Virturant partnered with Lunchbox, the ordering platform for restaurants. The two companies partnered to create a Ghost Eats App, which will have all of Virturant’s brands and other options from popular virtual food brands. [Built In NYC]
Provi partnered with SevenFifty. Chicago-based Provi is a B2B e-commerce marketplace for the alcohol beverage industry. NYC-based SevenFifty is a supply chain platform connecting distributors, buyers and sellers in the alcohol beverage industry. The partnership will provide an expanded marketplace and a distributor toolkit to streamline operations. The two companies are also in the midst of hiring sprees. [Built In NYC]
Vestwell and Ramp’s new partnership. Vestwell is a cloud-based platform that helps workplaces manage and administer investing programs such as 401(k) plans. Ramp is a finance automation platform helping businesses save and grow, and provides corporate credit cards. The partnership will give fintech solutions to smaller businesses and will allow Ramp clients to set up 401(k) programs. [Vestwell]
Honeywell invested in RapidSOS. Honeywell is a Fortune 500 company that creates technology for aerospace, automation, buildings and security while keeping sustainability in mind. Based in NYC, RapidSOS is an emergency response platform that partners with public safety organizations. In addition to the investment, the two companies will integrate their technology to digitize public safety communication and provide more accurate data and a faster response. [PR Newswire]
