Another month full of huge funding rounds for startups in the Big Apple signifies the ongoing and rapid-paced evolution of the NYC tech scene. Names like Squarespace and Dataminr came through with nine-digit rounds last month. Find out how these companies and more are investing their capital.
#6. $250 million, March 25
Redesign Health strives to create companies that will transform the world of healthcare in the interest of patients. The company can be accredited with building 15 companies including Calibrate and Proper. Redesign plans to put its latest $250 million raise toward creating 50 more health and wellness startups.
#5. $300 million, March 16
The company’s software allows users to build a website and run their business online, and it also features tools for marketing, project management and more. After its $300 million round, the company’s valuation has grown to $10 billion. The company also capped off the month by acquiring the buzzy Chicago-based restaurant booking platform Tock in a $400 million cash and stock deal. Squarespace is looking to invest the fresh capital from investors including Tiger Global and D1 Capital Partners in its growth initiatives.
#4. $350 million, March 11
Based in Jersey City, cryptocurrency lending company BlockFi secured a Series D round of funding led by Bain Capital Ventures. The startup experienced a year of huge growth in 2020 where it expanded its client base 10x. With the latest installment of capital, BlockFi is looking to expand into new markets, pursue acquisition opportunities and develop its product.
#3. $470 million, March 24
NYC-based Attentive offers a personalized text messaging platform and is also coming off a massive 2020. The company says it saw its customer base grow by more than 270 percent as it now serves some 3,000 businesses. Its $470 million Series E round featured participation from existing investors Coatue, D1 Capital Partners, Tiger Global and IVP, plus new investor Base10 Partners. The fresh investment brings its total funding raised to $866 million.
#2. $475 million, March 23
Working to keep people informed about how the world is changing by the moment is Dataminr with its AI-powered info discovery platform. It searches through data on over 100,000 publicly available sources to pinpoint new events when they emerge. With $475 million in Series D funding, it’s planning on growing its international presence, and expanding its sales and public data sources. It’s also looking to hire new members to its global team.
#1. $500 million, March 23
The healthtech company is making moves to give patients control of their healthcare and has been especially busy during the pandemic. Offering solutions for everything from diagnosis and medication delivery to ongoing care for chronic conditions, Ro is planning to invest its new capital in expanding its capabilities even further. Its Series D funding round was co-led by investors General Catalyst, FirstMark Capital and TQ Ventures.
