It’s no surprise the NYC tech companies took big strides last week with rising valuations and expansions. See what’s going on with these tech companies and which of them are hiring. This is the Built In NYC weekly refresh.
These female-led companies are the future of healthtech in NYC. Several NYC tech companies led by women have raised hundreds of millions of dollars this year, including Cityblock and Maven Clinic. Many of these newly backed companies are not only created by women, they’re also created for women and cater to their specific health needs. According to some experts, this industry — known as femtech — will be worth more than a trillion dollars in the next five years. [Built In NYC]
Rokt gained $325M. The Series E funding was led by Tiger Global and brought the company’s valuation to $1.95 billion. Rokt is an e-commerce company that uses AI and machine learning to make better transaction processes. The fresh funding will go toward international expansion and acquisitions. [Built In NYC]
Cockroach Labs got $278M. The Series F funding round brings the company’s valuation to $5 billion. Cockroach Labs is the creator of CockroachDB, a cloud-native SQL database that helps companies and apps grow faster. The funding will be used toward the development of its cloud database and allow Cockroach Labs to expand into new markets. [PR Newswire]
NYC TECH QUOTE OF THE WEEK
NYDIG gained $1B. The bitcoin broker raised $1 billion, which brought its valuation to $7 billion. NYDIG’s platform offers asset management, derivatives and other tools institutional investors need. The recent funding will help expand the platform and add other capabilities such as asset tokenization. The team will also grow globally, with some positions based in NYC. [Built In NYC]
CARTO raised $61M. The Series C round led by Insight Partners allows CARTO to accelerate its spatial analytics. CARTO collects data and information to display on interactive maps and provides insights from data warehouses. [CARTO]
Cadence gained $100M. The round was led by Coatue Management with existing investors General Catalyst and Thrive Capital participating. Cadence helps healthcare systems deliver at-home care. Its proprietary platform is a protocol-driven remote patient monitoring program. [Business Wire]
Mesh Payments got $50M. Mesh Payments allows companies to manage their employees’ expenses while also integrating other tools that can be used to run a business, such as QuickBooks. The recent funding will go toward expanding Mesh Payments’ U.S. operations and team and new product rollouts. [Built In NYC]
Jackpocket gained online market access. Jackpocket is the leading lottery app, with operations in 10 states. The company gained online market access in New Jersey for its online casino product expected to launch in 2022. This news will mean Jackpocket will be the first third-party lottery service to enter the online casino space in New Jersey. [PR Newswire]
