NYC tech companies finished Q1 with a bang last week, bringing in fresh capital to scale solutions across the edtech, cybersecurity and fintech sectors. Keep reading to catch up on the latest NYC tech news. This is the Built In NYC Weekly Refresh.
Coursedog raised $90M. NYC-based Coursedog helps more than 170 higher education institutions, including Columbia University and the City University of New York, be more efficient and effective in curriculum planning, course scheduling and other operational decisions. Coursedog CEO and co-founder Justin Wenig said in a statement that this strategic growth investment from JMI Equity will ensure the company continues to be a “top startup for attracting mission-driven talent.” Wenig said funds will also go toward doubling down on partner success. [Business Wire]
DataDome bagged $42M. DataDome, which is dually headquartered in NYC and Paris, is a cybersecurity company that focuses on identifying and eliminating malicious bots. DataDome’s cybersecurity solutions are used by Rakuten, Reddit and other notable companies. Led by InfraVia Growth, this Series C funding will help DataDome grow its global sales and continue its research and development efforts. [Built In NYC]
NYC Tech News of the Week
“After launching our own mission-driven consumer banking app and witnessing its rapid growth, we saw that rather than offering an independent banking app, the greatest value would be to partner with other financial institutions. We decided to make our technology accessible to help more people and businesses make an impact easily using their current banking and financial apps.” — Shawn Melamed, co-founder and CEO of Spiral
Spiral pulled in $28M. After launching a banking app that allows customers to support environmentally and socially responsible organizations, NYC-based Spiral is now working to embed its environmental, social and governance tools for banks, credit unions and fintech companies. This will allow bank customers to contribute to organizations by using their existing banking apps. Led by Team8, this Series A funding round brings Spiral’s total funding to $42 million. [Business Wire]
LeapXpert landed $22M. LeapXpert’s software allows financial professionals to communicate with their clients through iMessage, WhatsApp and other messaging apps from a platform that monitors and archives conversations to comply with record-keeping requirements. The fresh capital will help LeapXpert improve its product, expand its U.S. reach and grow its team by 20 to 30 percent this year. [Built In NYC]
Lyft named a new CEO. Lyft co-founders Logan Green and John Zimmer announced last week that they will step down from their respective roles as CEO and president to make way for new CEO David Risher. Risher will assume the ride-hailing company’s top job on April 17, and Green and Zimmer will transition to roles on Lyft’s board of directors. Risher, who has served on the board since 2021, was Amazon’s first head of product and the co-founder of Worldreader, a nonprofit working to improve children’s literacy. [Built In NYC]
