These 5 NYC Tech Companies Raked in a Combined $950M in May
NYC’s five largest venture capital raises almost reached a collective $1 billion in May, up from the $543 million pulled in the month before. Millions were poured into the latest fintech innovations and crypto security technology in May with some funds going toward major hiring initiatives. Read on to see where these NYC tech companies are directing their new capital.
#5. $165 million, May 24
Fintech startup Clear Street reached a $1.7 billion valuation and became one of NYC’s newest tech unicorns after it raised a $165 million Series B raise. Clear Street’s technology aims to improve access to capital markets for all market participants, including traders, institutions, market makers and fintech companies. With its recent raise, the startup plans to expand its platform offering to new investor types, geographies and asset classes.
#4. $170 million, May 11
Crypto security giant Chainalysis more than doubled its previous valuation to $8.6 billion after raising a $170 million Series F round led by GIC. Chainalysis investigates crypto fraud and crime for banks, businesses and the government. The company is hiring for dozens of open roles that range from engineering and data analytics to UX, marketing and more.
#2 (tied). $200 million, May 17
Data security company Pathlock raised $200 million after merging with Appsian, a similar risk and compliance security company. The raise was led by Vertica Capital Partners and is set to go toward expanding Pathlock’s product offerings.
#2 (tied). $200 million, May 24
Semperis, a cybersecurity startup, raked in $200 million in a Series C funding round led by KKR. With its fresh funding, Semperis plans to expand its global customer base and hire across all teams.
#1. $215 million, May 17
Updater, an app that helps simplify the moving process, raised a $215 million investment from Vista Credit Partners. The company’s invite-only platform allows those moving to easily search for and transfer all their utilities and manage other moving tasks all in one place. The company plans to use its fresh capital to fuel research and development, expand to new markets, develop new features and hire new talent.
