While everyone else was spending their summer in the Hamptons, NYC tech startups were hard at work. August was another big month for the community, with fundings totaling over $423 million — and that’s not counting SoftBank’s $4.4 billion investment in WeWork. The top five rounds alone brought in over $271 million. Check out who raised the most.
5. ALICE, $26M, Aug. 30
Investor: Expedia
Bio: ALICE is a hospitality management platform that connects guests and staff. One on hand, it gives guests a platform they can use on their mobile device even when they’re not in the hotel, meaning they have access to the hotel’s entire suite of offerings wherever they are. On the the other hand, staff can use it to manage guests’ requests.
News: ALICE raised $26 million in a Series B funding round led by Expedia. The round brings the total funding to $39 million and makes the online travel giant a majority shareholder. The funds will be used to expand on the company’s offerings on both the guest and staff sides. Read more here.
4. ElleVest, $32.5M, Aug. 23
Investors: Mohamed El-Erian, Venus Williams
Bio: Founded by former Citigroup CFO Sallie Krawcheck, ElleVest is an online investment platform for women. Krawcheck started the company as a way to close the gender money gap and encourage more women to step into the male-dominated world of investments.
News: Along with this investment, Rethink Impact’s founder Jenny Abramson joined Ellevest's board. Read more here.
3. AbleTo, $36.6, Aug. 23
Investors: Horizon Healthcare Services, HLM Venture Partners, Sandbox Industries, .406 Ventures, Aetna, Bain Capital Ventures
Bio: AbleTo is a solution that makes therapy more accessible to people dealing with chronic illnesses and stress. It provides one-on-one phone or video chat sessions with professional therapists and coaches.
News: The company raised $36.6 Million in Series D funding. Led by Bain Capital Ventures, the funding round also included Aetna and all existing investors. The money will be used to expand business operations. Read more here.
2. Appboy, $50M, Aug. 9
Investors: InVision, ICONIQ Capital
Bio: Marketing automation service Appboy provides marketers with a suite of messaging and targeting tools that give them actionable insights into their audience and campaign performance. Started in 2011, the company has gone through six rounds of fundings totaling $90 million.
News: The company raised $50 million in Series D funding and is putting it toward accelerating growth. The round was led by ICONIQ Capital, with participation from InVision and all its major prior investors. Read more here.
1. Bread, $126M, Aug. 2
Investors: Victory Park Capital, BoxGroup, Greycroft Partners, Colle Capital Partners, Cue Ball, RRE Ventures, Bessemer Venture Partners, Menlo Ventures
Bio: Bread is an alternative lending platform that lets merchants give their customers personalized financing options. Companies using the platform assume no risk, as they receive their payment in full and Bread handles repayment.
News: The company raised $126 million in a Series B funding round of equity and debt financing led by Menlo Ventures and Victory Park Capital. The investment will be used to grow its engineering team and build more innovative solutions for the platform. Read more here.
Images via Shutterstock and featured companies.
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