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

TechNY Daily

Keeping the NYC Tech Industry Informed and Connected

1. NYC’s Bizzabo, an online platform for event organizers, has raised $138 million in a Series E funding. Insight Partners led the round and was joined by investors including Viola Growth, Next47 and OurCrowd. Bizzabo’s platform can be used to plan and run both virtual and in-person conferences. (www.bizzabo.com) (TechCrunch)

2. Tom Brady and John Mayer have invested in NYC’s Hodinkee, a content and e-commerce site for high end watches. Other investors in the $40 million Series B round included TCG, GV (Google Ventures), LVMH Luxury Ventures, True Ventures and Future Shape. (www.hodinkee.com) (Forbes)

3. NYC co-living startup Ollie has been acquired by a competitor, San Francisco’s Starcity. The purchase price for the acquisition of Ollie’s assets and roommate-matching technology was not disclosed. Ollie, which had raised a total of $15 million from investors including the Moinian Group, and the Texas Employees Retirement System, operates co-living spaces in NYC, Los Angeles and Boston. (www.ollie.co) (The Real Deal)

4. Brooklyn’s Actasys, a startup that applies aerodynamic principles to solve problems in the automotive industries, has raised $5 million in a seed funding.The round was led by Volvo Cars Tech Fund and NextGear Ventures. The company’s ActaJet product uses air to clean vehicle sensors. (www.actasysinc.com) (BusinessWire)

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5. NYC’s Current, a digital “challenger” bank, has raised $131 million in a Series C funding. NYC’s Tiger Global Management led the round and was joined by Sapphire Ventures, Avenir, Foundation Capital, Wellington Management Company and QED Investors. Current, which started as a teen debit card controlled by parents, now is offering digital banking services to more than two million members. (www.current.com) (TechCrunch)

6 NYC’s Materialize, an SQL database platform for streaming data, has raised $32 million in a Series B funding. Venerable Silicon Valley VC firm Kleiner Perkins led the round with participation by Lightspeed Ventures. The company’s platform implements an SQL interface for streaming data. (www.materialize.com) (PR Newswire)

7. NYC’s Funnel (formerly, Nestio), a platform that helps landlords manage rental portfolios, has raised $14 million in a Series AA funding. RET Ventures led the round and was joined by Trinity Ventures and Camber Creek. Funnel’splatform is an inventory management tool for landlords which includes an AI-powered bot that responds to potential renters in real time. (www.funnelleasing.com) (The Real Deal)

8. NYC’s Hellosaurus, an e-learning video platform for kids, has raised $3.5 million in a seed funding. General Catalyst led the round with participation by GSV Ventures, Shrug Capital, Next 10 Ventures, BDMI, Runway Fund, GFC, as well as Dave Gilboa (Founder, Warby Parker), Neil Blumenthal (Founder, Warby Parker), Jeff Raider (Founder, Warby Parker, Harry’s), and Joey Zwillinger (Founder, Allbirds) through their Good Friends fund. The company’s app is a video platform for kids filled with episodes they can interactive with instead of just watch. (www.hellosaurus.com) (GlobeNewswire)

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Panel includes TechNY’s Paul Goodman

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