From dentistry to mortgage lending, VC firms were busy making investments last month on the NYC tech scene. Several companies pulled in robust nine-digit funding rounds and have big plans for the road ahead.
#5. $125 million, April 12
Working to provide a personalized and straightforward dental experience for patients, oral healthcare company Tend pulled in a Series C round of funding led by Addition. With the fresh capital, it’s looking to expand its U.S. presence by creating 20 new studios in NYC and entering new markets. Additionally, it is looking to invest in its tech and launch a new suite of services and oral care products.
#4. $220 million, April 27
With three million members to date compared to 500,000 just 18 months ago, banking company Current is reflecting on significant growth and looking forward to more. The platform provides users with services like free overdrafts, free ATMs and mobile check deposits. It’s planning to expand its platform, establish new partnerships and hire new talent following its Andreessen Horowitz-led Series D round.
#2 (tied). $300 million, April 29
This fintech startup is using blockchain to create a more centralized financial system, allowing for safe and instantaneous movement of assets like cryptocurrency. Less than five months after raising a $142 million Series B, Paxos closed on its Series C round led by Oak HC/FT that more than doubled the previous funding round. Now with a $2 billion valuation, it’s looking to fund further growth of its team, platform and operations.
#2 (tied). $300 million, April 29
The digital pharmacy company is aiming to bring more accessibility to the healthcare space with products and services available for customers from a single app. Now outfitted with $300 million in fresh funding, the company is planning to invest in market expansion and furthering its tech. It anticipates reaching 100 million Americans with its platform by the end of the year. To date, Capsule has raised $570 million in venture funding.
#1. $500 million, April 8
Homebuying and refinancing activity has skyrocketed in the past year. Now, online mortgage lender Better is looking back on serious growth and looking ahead to continuing that momentum. Its valuation hits $6 billion after its latest investment from SoftBank. While an IPO could be imminent for the company, in the meantime, Better is hiring for over 100 tech positions at its headquarters.
