NYC tech companies proved last month that, despite market uncertainty, investors are still willing to shell out growth funding to innovative companies. The five largest NYC funding rounds brought in a collective $570 million for a diverse mix of companies innovating in cybersecurity, transit and other sectors. Keep reading to see which NYC tech companies raised the most funding in February.
LARGEST NYC TECH FUNDING ROUNDS, FEBRUARY 2023
- Wiz
- Via
- LeafLink
- Vitally
- Novata
#4 (tied). $30 million, February 28
Novata helps private companies and their investors collect, analyze, report and improve upon their environmental, sustainability and governance, or ESG, data. Although the platform launched less than a year ago, more than 3,500 companies are contracted to use the platform. Novata’s $30 million Series B round was led by Hamilton Lane and included investment from the Ford Foundation and Microsoft’s Climate Innovation Fund.
#4 (tied). $30 million, February 22
Vitally is a customer success platform that combines productivity and collaboration tools with customer data. The company scaled from 18 to 52 employees last year. Vitally raised a $30 million Series B financing round last month to launch new features, expand globally and more than double its 62-person team by the end of the year.
#3. $100 million, February 1
LeafLink is a wholesale cannabis marketplace where dispensaries can purchase products from more than 3,700 cannabis brands and distributors. Cannabis brands that sell on LeafLink also have access to analytics, marketing services and a customer relationship management platform. LeafLink said this Series D financing will allow the company to enhance the functionality of its platform.
#2. $110 million, February 13
Via, which was founded in 2012 as a ridesharing service, has evolved into a software company that helps cities plan their public transportation systems and create transportation programs for people with limited mobility. The company raised $110 million last month in a funding round that valued the business at $3.5 billion. That funding will be used to enhance its platform and expand into new markets and verticals.
#1. $300 million, February 27
Cloud security company Wiz caught the attention of the tech world last month when, after only three years in existence, it raised a $300 million funding round that valued the company at $10 billion. The Series D funding round will fuel the company’s hiring efforts, as it expects to double its 650-person team by the end of the year. Wiz also plans to open offices in Austin, Dallas and Washington, D.C.
