The New York tech scene is closing the month off strong with increasing valuations and several growth initiatives. See what these companies are up to and what their future looks like. This is the Built In NYC weekly refresh.
Thrive Capital raised a $3B investment fund. Prominent NYC venture capital firm Thrive Capital announced a $3 billion fund that it will put toward startups that are in both early and late stages of their growth. In a blog post, the firm said $500 million of the fund will go toward early-stage startups while $2.5 billion will be invested in late-stage startups. Thrive Capital has backed companies such as Robinhood and Warby Parker. [Built In NYC]
BlueVoyant raised $250M. The cybersecurity company raised $250 million in a massive Series D round led by Liberty Strategic Capital with participation from new and existing investors. BlueVoyant provides internal and external cyber defense by using large data-sets, analytics and its technology to provide protection. The funding will allow the company to invest in its technology, accelerate global expansion and many more initiatives. [BlueVoyant]
NYC TECH QUOTE OF THE WEEK
Revel gained $126M. Revel is the shared electric vehicle service based out of Brooklyn. The company raised $126 million in a Series B round led by BlackRock Renewable Power. The funding raised will go toward its charging stations or “superhubs.” Revel plans to expand out its chargers and hubs in the future. The company is also planning to hire hundreds of employees over the year and is currently hiring for 30 roles. [Built In NYC]
Timescale gained $110M. Timescale created a time-series database, TimescaleDB, that allows users to query data. The company raised $110 million in a Tiger Global-led Series C round that brought its valuation up to over a $1 billion, thus cementing its unicorn status. The funding will go toward multiple growth initiatives including growing its team. [Yahoo!]
Pontera got $80M. Formerly known as FeeX, Pontera went through a rebrand and gained $80 million across three funding rounds. Pontera allows financial advisors to manage their clients’ assets and retirement, holistically. The funding will be invested in its technology and people, with Pontera planning to hire 150 new employees through the year. [Built In NYC]
Neon launched an NFT vending machine. Neon is the NFT platform that just launched the first NFT vending machine located in New York City’s Financial District. Buyers can pay the vending machine with a credit or debit card in exchange for a box with a unique code for an NFT that is redeemable through Neon. CMO and co-founder Jordan Birnholtz said the goal is to support artists and creators to sell anywhere. [Business Wire]
