TechNY Daily
By: Small Planet
Tags: Technews, Venture Capital, Funding, Technology News, Tech

October 7, 2020

Edition 501

TechNY15 Stock Index:1,274.40 (+40.40)

Keeping the NYC Tech Industry Informed and Connected

1. NYC’s Petal, which uses a holistic underwriting model to qualify consumers for its credit card, has raised $55 million in a Series C funding. Peter Thiel’s Valar Ventures led the round and was joined Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures and NFL player Kelvin Beachum, Jr. Petal looks at the cash flow of potential borrowers rather than credit scores to assess creditworthiness. (www.petalcard.com) (TechCrunch)

2. NYC’s SeamlessDocs, a form automation platform for governments, has been acquired by Dallas’s Kofile, a digital transformation platform for local governments. The financial terms of the deal were not disclosed. SeamlessDocs had previously raised $19.2 million from investors including The CAPROCK Group, SJF Ventures, New York State, Motorola Solutions, Kernel Capital, Govtech Fund and 1776 Ventures. (www.seamlessdocs.com) (www.kofile.us) (AccessWire)

3. NYC’s Begin, developer of early learning program HOMER, has raised $50 million in a Series C funding. Investors in the round included LEGO Ventures, Sesame Workshop, 3One4 Capital, Trustbridge Partners and Interlock Partners. Since the start of the pandemic, the company has seen a 280% increase in subscriptions compared to the same period last year. (www.beginlearning.com) (TechCrunch)

4. NYC’s Buzzer, a mobile platform for live sports, has raised $4 million in a seed funding. NYC’s Lerer Hippeau and Sapphire Sport led the round and were joined by R&R Venture Partners and Imagination Capital. The company’s platform sends real-time, personalized notifications to help fans watch their favorite teams live. (www.buzzer.com) (PR Newswire)

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5. NYC’s ButterflyMX, a developer of smart intercoms for apartment buildings, has raised $35 million in a growth round financing. Volition Capital led the round and was joined by Egis Capital, RiverPark Ventures and Stifel Financial Corporation. The company’s platform uses smartphones to let residents grant building access to visitors without using keys or fobs. (www.butterlymx.com) (The Real Deal)

6. Elmsford-based Seeqc, a quantum computing startup, has raised $22.4 million in a Series A funding. EQT Ventures led the round, with participation from M Ventures, the venture capital arm of Merck, and Swedish private equity firm FAM AB. Seeqc is developing an application specific quantum computing system based on a hybrid architecture that combines quantum processors with classical computers. (www.seeqc.com) (SilconAngle)

7. NYC’s Rally, a fractional investing platform for alternatives investments such as luxury cars, has raised $17 million in a Series B financings. Investors included Upfront Ventures, Porsche Ventures, Raptor Group, Global Brain, Relay Ventures and Reddit co-founder Alexis Ohanian. The company’s platform allows small investors to buy equity shares of collector items such as luxury cars, wine, sports memorabilia, comic books and watches. (www.rallyrd.com) (TechCrunch)

8. Norwalk’s Datto, a provider of cloud-based data backup, has filed to raise $100 million in an IPO. The company has previously raised $100 million from General Catalyst and TCV. Datto posted revenue of $458.8 million and a loss of $31.2 million in 2019. (www.datto.com) (CRN)

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Our mission: To democratize Discovery.

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Director of Growth Marketing, Brooklyn NY

Hyperscience

Hyperscience is the automation company that enables data to flow within and between the world’s leading firms in financial services, insurance, healthcare and government markets. Founded in 2014 and headquartered in New York City with offices in Sofia, Bulgaria and London, UK, we’ve raised more than $50 million raised to date and are growing quickly. We welcome anyone who believes in big ideas and demonstrates a willingness to learn, and we’re looking for exceptional talent to join our team and make a difference in our organization and for our customers.

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Braavo provides on demand funding for mobile apps and games. We offer a flexible and affordable funding alternative to the traditional sources of capital like working with a VC or bank. We’re changing the way mobile entrepreneurs finance and grow their app businesses. Our predictive technology delivers on demand, performance-based funding, without dilution or personal guarantees. By providing non-dilutive, yet scalable alternatives to equity, we’re helping founders retain control of their companies.

Business Development Manager

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At Yogi, we help companies decipher customer feedback, from ratings and reviews to surveys and support requests. Companies are inundated with feedback, but when it comes to turning this data into actionable business decisions, most companies fall short. That’s where Yogi fits in.

Full Stack Software Engineer

Ordergroove

We’re passionate marketers, engineers and innovators building the technology to power the future of commerce. We’re a B2B2 SaaS platform helping the world’s most interesting retailers and direct-to-consumer brands remove friction from the customer experience to deliver recurring revenue through subscriptions programs — shifting their consumer interactions from one-and-done transactions to long-lived, highly profitable relationships.

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Upper90

Upper90 is an alternative credit manager based in New York City that has deployed over $500m within 18 months of inception.

Investor Relations Analyst

Upscored

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Data Engineer

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Frame.io

Frame.io is a video review and collaboration platform designed to unify media assets and creative conversations in a user-friendly environment. Headquartered in New York City, Frame.io was developed by filmmakers, VFX artists and post production executives. Today, we support nearly 1 million media professionals at enterprises including Netflix, Buzzfeed, Turner, NASA & Vice Media.

Frontend Engineering Manager

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Attentive

Attentive is a personalized mobile messaging platform built for innovative e-commerce and retail brands. We just raised $40M from Sequoia Capital to build a lot of great products.

Enterprise Account Executive

Sales Development Representative

Senior Client Strategy Manager

Director of Client Strategy

KeyMe

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Customer Experience Representative

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Systems Software Engineer

Button

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Enterprise Sales Director — New York

Postlight

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Full Stack Engineer

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