Triple-digit rounds and billion-dollar valuations rained over NYC’s tech ecosystem in August. Funding reached everything from telehealth startups to real estate ventures backed by WeWork co-founder Adam Neumann. Read on to see how this diverse set of high-performing companies are spending their capital.
#5. $110 million, August 17
AI-backed video and marketing platform VidMob raked in $110 million in a Series D raise last month. VidMob’s technology is used to help companies and brands scale their marketing effort by providing them with AI-driven insights. The raise, led by Shamrock Capital, will be used to fuel VidMob’s sales and marketing efforts. Additionally, capital will be allocated to expand the company’s platform offerings and global presence.
#4. $130 million, August 25
Alma, a teletherapy and virtual billing company raised $130 million in a Series D funding round. On the Alma platform, patients can receive virtual mental health services while also finding providers who take their insurance. The raise brings the NYC-based company’s total funding to date to over $220 million, according to a company statement. Alma plans to use its new capital to help therapists offer in-network services nationwide.
#3. $150 million, August 17
NYC-based HiBob is building tech-fueled HR offerings that, according to the company, can help employers better adapt to the growing norm of remote work. Last month, HiBob pulled in $150 million in a Series D funding round. The raise, led by General Atlantic, takes the company’s valuation to $2.45 billion. The company plans to use its new capital to “capitalize on significant business momentum” and focus on delivering its mission of helping companies bring on and retain talent.
#2. $238 million, August 31
Live event and ticket booking platform SeatGeek raised $238 million in a Series E funding round announced late last month. This raise valued the eight-year-old company at $1 billion. With its fresh injection of capital, SeatGeek plans to invest in its people, product and partners. Additional capital will go toward further advancing its one-year-old app extension Rally, which allows event attendees to access directions to stadiums, order food from their seats, purchase merchandise and book a Lyft ride home all on the SeatGeek app.
#1. $350 million, August 15
WeWork co-founder Adam Neumann’s new real estate venture Flow pulled in $350 million from Andreessen Horowitz, which is reportedly the largest investment check ever written by the fund for a single raise. This round values the company at more than $1 billion. With Flow, Neumann plans to “reinvent the housing rental market by creating a distinctive product with exceptional service.”
