NYC tech startups raised a total of $811.9 million in funding in the month of December. While this number doesn’t compete with last month when companies passed the $3 billion mark, it’s still significant, considering the holidays often steal people’s focus away from business operations. See which companies closed out 2018 with some serious funding and extreme holiday cheer.
5. ShopKeep, $65 million, Dec. 11
Bio: ShopKeep is a POS system that helps merchants keep track of inventory and access customer information in the cloud.
News: The company raised $65 million in Series E funding led by Tribeca Venture Partners, with participation from Square 1 Bank, Salesforce Ventures, ORIX Growth Capital and First Data Corporation. The round, which brings the company’s total funding amount to $137 million, will be used to expand into additional services and locations around the world. [Press release]
4. The Wing, $75 million, Dec. 19
Bio: The Wing is a women-focused co-working space for professionals looking to grow their network and connect with like-minded people.
News: The co-working space, which was founded in 2016 in response to the presidential election, raised a $75 million Series C round led by Sequoia Capital, with participation from 12 other investors. This round brings the company’s total funding to $117.5 million. [Bloomberg Businessweek]
3. Bowery Farming, $90 million, Dec. 13
Bio: Bowery Farming merges tech with agriculture to make it possible to grow leafy greens indoors.
News: The company raised $90 million in a Series B round that brought its total funding to $122.5 million. The round was led by GV with participation from Temasek, General Catalyst, GGV Capital, First Round Capital and Almanac Insights. The company plans to use the funding to expand operations, products and partnerships and grow the team. [The Bowery Blog]
2. Dataiku, $101 million, Dec. 19
Bio: Dataiku is a data platform that incorporates machine learning, AI and data science for enterprise corporations.
News: The company raised $101 million in Series C funding led by ICONIQ Capital with participation from Alven Capital, Battery Ventures, Dawn Capital and FirstMark Capital. With $146.7 million in total funding, the company plans to double its employee count across its offices in NYC, Paris, Longon, Sydney and Singapore. It also plans to use the funding to develop new product features and grow its partnerships. [Press release]
1. Vroom, $146 million, Dec. 11
Bio: Online car retailer Vroom offers reconditioned vehicles with delivery directly to consumers.
News: Vroom raised $146 million in Series G funding led by AutoNation, with participation from T. Rowe Price Associates, Inc., L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors. The round brings the company’s total funding amount to $440.3 million, which will be used to enhance its technology and build out its team. [Press release]
