Several NYC tech companies are undergoing huge growth. Read on to learn about the latest tech developments in the Big Apple. This is the Built In NYC weekly refresh.
Ramp secured $150M. The enterprise fintech company pulled in the debt funding from Goldman Sachs, enabling it to accelerate its national growth. Ramp provides customers with a card to help businesses automate their finances. Last month, the company launched a platform that lets companies use machine learning to automate policies and approvals. [FinSMEs]
CLEAR raised $100M. Identification tech developer CLEAR just closed on a strategic funding round from investors including Danny Meyer’s Enlightened Hospitality Investments. The new capital will help the NYC-based company expand its tech into new avenues, having already implemented uses within the aviation and health industries. Additionally, CLEAR is looking to invest in adopting new customers, developing its tech and hiring at its NYC headquarters. [Built In NYC]
NYC Tech Quote of the Week
Chief expands into D.C. Initiated with the purpose of giving women executives an exclusive networking space, NYC-based Chief is expanding its platform to Washington, D.C., now the sixth city in its network alongside Chicago, LA, Boston and others. Chief’s virtual platform allows members to support one another and share the wisdom and insights they’ve gathered from their workplace experiences. [Built in NYC]
Jackpocket got $50M. The Series C round for the mobile lottery app came from investors including Raine Group and TEGNA Ventures. The app provides official lottery tickets in 10 states, now including New York and New Jersey. With the fresh funding, the company is aiming to grow its team and expand into new jurisdictions. To date, it has raised about $80 million. [Built In NYC]
RapidSOS secured $85M. On a time crunch with people’s lives on the line, this company’s platform provides first responders with information like location, camera footage and a victim’s health information, enabling them to maximize the speed and effectiveness upon getting a 911 call. As of now, the RapidSOS powers almost 5,000 emergency communication centers across the country, and it’s planning on using the new cash to fuel its international expansion. [Built In NYC]
Bodhala appoints new board members. Joining the board of directors at the legal spend management company are Jess Hunt and Jeffrey Leventhal. Hunt is the former president and COO of software engineering company Andela, while Leventhal is a managing partner of the VC fund S12F. [Bodhala]
Maisonette makes a splash in fashion. Founded by Vogue veterans Sylvana Ward Durrett and Luisana Mendoza de Roccia, the e-commerce family apparel brand has expanded its product offerings down more avenues including home furniture and decor, toys and accessories. Its success in the children’s apparel sector led Maisonette to double its customer count and triple its revenue. [TechCrunch]
Capitalize raised $12.5M. The NYC-based platform launched last September and helps its users rollover and consolidate their retirement assets like 401(k)s more easily to their new employers’ providers. According to the company, it’s already helped users transfer about $10 million in assets so far. The Series A round was led by Canapi Ventures. [Capitalize]
