The NYC tech scene keeps on giving with its massive funding rounds to fund large initiatives and continued growth.
For February, these five companies raised the largest rounds in the Big Apple, spanning across a range of industries. Keep reading to see who is making money moves, and to learn what they have planned next.
#5. $126 million, February 23
Revel is the electric vehicle ride-share service based out of Brooklyn. The company raised a Series B round led by BlackRock Renewable Power that will go toward building more charging hubs, expanding into other cities and hiring hundreds of employees over the year.
#4. $150 million, February 15
Ro provides a vertically integrated primary care platform that is meant to give patients an end-to-end healthcare experience while also being more accessible. ShawSpring Partners led a funding round of $150 million for the healthtech company to continue its mission.
#3. $170 million, February 15
Through its own network of company-operated warehouses, Veho is able to provide last-mile delivery services. A Series B round led by Tiger Global brought the company into unicorn status with a $1.5 billion valuation. The funding will go toward investing in the company’s product as well as expanding the team.
#2. $200 million, February 14
RapidRatings provides analytics and financial health data to its clients. RapidRatings received a $200 million strategic investment which was co-led by Spectrum Equity and 22C Capital. The capital gained will go toward the company’s mission of helping its clients manage supply chain and third-party risk.
#1. $250 million, February 23
The cybersecurity company offers a platform that provides internal and external cyber defense. Last month, it gained $250 million in a Series D round led by Liberty Strategic Capital, the private equity firm led by former U.S. Treasury Secretary Steven Mnuchin. The massive funding round will go toward several initiatives including investing in the company’s technology and accelerating its global expansion.
