Several tech companies pulled in fresh funding and made other growth moves last week. New solutions spanning crypto, AI and other sectors are on the rise. Read up on the latest. This is the Built In NYC Weekly Refresh.
Grow Therapy pulled in $75M. The company’s digital solution helps mental health providers open privately-owned, insurance-covered practices. Following a year of growth, Grow Therapy is advancing its solution with a Series B round of funding. TCV and Transformation Capital were leaders in this latest round that outfits Grow Therapy with $45 million in equity capital and $30 million in debt funding. [Fierce Healthcare]
Arthur secured $42M. Arthur serves enterprises with a solution that monitors the performance of their AI-powered applications, aiming to help optimize their models for accuracy, explainability and fairness. With Series B funding led by Acrew Capital and Greycroft Ventures, it’s scaling its research and development resources to further its solution. [Built In NYC]
NYC Tech Quote of the Week
Five NYC startups were highlighted through Built In’s Future 5 series. Each quarter, Built In NYC selects five early-stage startups that are innovating in a unique way. With a focus on empowering people throughout various stages of their lives, these NYC startups are creating a range of unique solutions. Hank operates a social platform for older adults, Voice specializes in uplifting artists through NFTs and Skye wants to help people find the best career coach. Learn more about these up-and-coming creators in the Future 5. [Built In NYC]
Tactic raised $11M. Operating an accounting solution specifically for businesses that deal in cryptocurrencies, Tactic wants to help these companies save time while reconciling blockchain transactions. It’ll invest in supporting new blockchains and financial workflows on its platform. It’s also currently recruiting engineering talent. [Built In NYC]
GlossGenius got $25M. Serving over 40,000 customers in the beauty and wellness industries, GlossGenius developed a solution to help business like spas and salons manage their operations. Its new capital led by Imaginary Ventures and Bessemer Venture Partners will help it expand its team across engineering, product and design and marketing. [TechCrunch]
