True to New York’s bustling reputation, the city’s tech scene saw a vast array of developments last week. Several capital raises will help fuel growth in commerce, healthcare and other sectors. Topped off with a new acquisition, find out how the NYC tech sector is evolving with the Built In NYC Weekly Refresh.
Kite raised $200M. Serving digital-first consumer brands, Kite helps its customers develop the infrastructure and tech needed to scale their businesses to customers across multiple channels. The company announced an equity round from Blackstone and Juxtapose, as well as the appointment of Rob Solomon as co-founder and CEO. Solomon previously served as CEO and chairman of GoFundMe. [PR Newswire]
Clear Street pulled in $270M. Independent prime broker Clear Street secured a $270 million investment from Prysm Capital. Clear Street works to make it easier for market participants to access capital markets. The fresh capital will help the company expand across new markets and asset classes as well as accelerate its product offerings. [Built In NYC]
NYC Tech Quote of the Week
“We’ve paved the way for broad access to proven treatments that our traditional healthcare system is not structured or incentivized to provide while building value for patients, employers, health plans and provider groups.” — Sam Holliday, CEO of Oshi Health
Oshi Health secured $30M. With a Series B funding round, Oshi Health plans to further its growth momentum in the virtual digestive disorder healthcare space. The company wants to scale its clinical team nationwide and work with health plans, employers, channel partners and provider groups to further the reach of its mobile app. Koch Disruptive Technologies led the raise. [Built In NYC]
VideoVerse acquired Reely.ai. Specializing in esports content creation and social media distribution, Reely.ai was acquired by video editing platform VideoVerse. The deal aims to expand VideoVerse’s existing capabilities and help it better serve gaming and esports customers amid increasing demand for artificial intelligence-driven content creation and distribution. [Business Wire]
Gojira Labs launched from stealth. Founded in 2022, the gaming studio launched with animatronic NFTs, a Web3 solution that lets users animate their NFT collections to make them playable and interactive. The collections it plans to support include Bored Ape Yacht Club CryptoPunks and more. Gojira Labs also plans to roll out a multiplayer game called Sprinft. [Built In NYC]
In other VC funding news: Network management and automation company NetBox pulled in a $20 million Series A from Flybridge to scale its open-source solution. [GlobeNewswire]
E-bike company Whizz raised $3.4 million from investors like Joint Journey to fuel the growth of its products, including its automation platform. [Forbes]
