Companies Based in New York City Raised Over $750M in May of 2020!

New York City Funding - Startups

You heard that correctly. Companies based in New York City raised over $750M in May. That is a very monumental number. As we mentioned last week, companies based in San Francisco raised over $585M in May alone, and we thought that was extraordinary. Don’t get us wrong – is still is extraordinary, but we’re talking about an additional $165M here!

It’s true that the economy has taken quite a tumble over the past few months due to COVID-19, but we at Karma Search LLC have noticed quite the increase in job openings and client needs. We work with startups and small to mid-sized companies across the United States. If startups with teams as small as only ten employees are rapidly scaling their teams right now, then that is a very telling sign of how much the economy is turning in a positive direction.

Take a look at the companies below and let us know which one you’re most excited about: 

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Company: ASAPP
Website: www.asapp.com
Funding Date: May 1st, 2020
Funding Type: Series B
Funding Amount: $185M
Address: One World Trade Center, Floor 80, New York, NY 10007
Overview from their Crunchbase profile:

“ASAPP provides customer care and sales agents with a platform to know the right thing to say and the right action to take, in real time. Its machine learning models are continuously learning and predicting from every customer interaction, effectively turning every agent into the best agent without the need for manual programming or extensive training. Many of the world’s largest companies in telecom, financial services, and travel use the solution. The company also has offices in Silicon Valley, Raleigh, London and Buenos Aires.”

Company: Cockroach Labs
Website: www.cockroachlabs.com
Funding Date: May 5th, 2020
Funding Type: Series D
Funding Amount: $86.6M
Address: 53 W 23rd Street, 8th Floor, New York, NY 10010
Overview from their Crunchbase profile:

Cockroach Labs provides the CockroachDB next-generation SQL database which allows organizations to move and manage critical transactional data in the cloud. The software is used by enterprises in areas including communications, gaming and entertainment, e-commerce and financial services. It is in use at some of the world’s largest enterprises, including Equifax, Bose and Comcast.”

Company: LetsGetChecked
Website: www.letsgetchecked.com
Funding Date: May 5th, 2020
Funding Type: Series C
Funding Amount: $71M
Address: 330 W 38th Street, 405, New York, NY 10018
Overview from their Crunchbase profile:

LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing to better manage and control one’s individual health. LetsGetChecked is making healthcare and diagnostics open and patient-led, empowering people to use technology in a simple yet powerful way. This offers consumers greater control over their individual health. LetsGetChecked is headquartered in New York, NY, with tests covering general wellness, sexual health, women’s health and men’s health, and is available nationwide, as well as in Canada and Europe.”

Company: Owkin
Website: www.owkin.com
Funding Date: May 7th, 2020
Funding Type: Venture – Series Unknown
Funding Amount: $25M
Address: 831 Broadway, New York, NY 10022
Overview from their Crunchbase profile:

Owkin was co-founded in 2016 by Thomas Clozel, a hematologist oncologist and researcher, and Gilles Wainrib, a computer science teacher-researcher at the École Normale Supérieure, and a Stanford University PostDoc.

Owkin is a French-American startup that deploys AI and Federated Learning for medical research. Our mission is to empower researchers in hospitals, universities, and pharmaceutical companies to understand why drug efficacy varies from patient to patient, enhance the drug development process, and identify the best drug for the right patient to improve treatment outcomes.

Our data scientists are among the best in the world, with several Kaggle Masters, DREAM Challenge top performers, and publications in Nature Medicine, ICML, NIPS and other top scientific journals. Owkin is backed by renowned investors — such as F-Prime Capital & Eight Roads Ventures, GV, Otium Ventures, Cathay Innovation, and NJF Capital — as well as a distinguished scientific board. To build this vision, Owkin is growing rapidly, with offices located in the USA, France, and the UK. We have complimentary beverages, snacks, and fruit, nerf guns, foosball and other goodies essential to the smooth running of a startup!”

Company: Lolli
Website: www.lolli.com
Funding Date: May 11th, 2020
Funding Type: Seed Round
Funding Amount: $3M
Overview from their Crunchbase profile:

Lolli is a rewards application that allows users to earn bitcoin when shopping online.

The company has partnered with top brands to help drive sales and conversions on sites. When users shop on one of the partner sites, Lolli gets a percentage of each sale. The company then splits that percent with users, sending bitcoin to users’ Lolli wallet.

Lolli was founded in 2018 by Alex Adelman and Matt Senter and is headquartered in New York.”

Company: Vise
Website: www.vise.com
Funding Date: May 12th, 2020
Funding Type: Series A
Funding Amount: $18M
Address: 74 Warren St, Suite 5W, New York, NY 10007
Overview from their Crunchbase profile:

Vise automates investment management for financial advisors using artificial intelligence. Vise has built a full-stack platform spanning the entire lifecycle of the advisor-client relationship, including designing personalized portfolios for clients, managing portfolios, and providing on-going intelligence. By doing so, Vise helps financial advisors focus on their most valuable resource — their client relationships.”

Company: Stellar Health
Website: www.stellar.health
Funding Date: May 12th, 2020
Funding Type: Series A
Funding Amount: $10.2M
Address: 127 W. 26th Street, Suite 500, New York, NY 10001
Overview from their Crunchbase profile:

Stellar Health is a point-of-care, cloud-based platform that activates primary care providers to achieve value-based care (VBC) goals that improve patient outcomes, such as improving quality scores and optimizing the patient care journey through transitions of care and high-value referrals.

The Stellar platform helps primary care providers continually engage with their patients by providing them real-time information and tangible action-based incentives for improving quality of care. Stellar Health’s mission is to enable all providers to engage and succeed in VBC by bridging the incentive gap between providers and payers.

It was founded in 2018 and is headquartered in New York, New York.”

Company: Nanit
Website: www.nanit.com
Funding Date: May 12th, 2020
Funding Type: Series B
Funding Amount: $21M
Address: 244 Fifth Avenue, Suite #2702, New York, NY 10001
Overview from their Crunchbase profile:

“Nanit team is a tight-knit collection of scientists, parents and designers—experts in the first beautiful months of human life. They have developed advanced computer vision and machine learning algorithms to help us measure human behavior. They use this knowledge and technology to create innovative products that are safer and smarter, for parents and babies everywhere.

Their team comes from great companies like Applied Materials, Diapers.com, Philips, Time Warner and Tiny Love, where they’ve focused on building brands and products people love.”

Company: Slice
Website: www.slicelife.com
Funding Date: May 12th, 2020
Funding Type: Series C
Funding Amount: $43M
Address: 902 Broadway Fl 19: New York, NY 10010
Overview from their Crunchbase profile:

Slice transforms independent pizzerias with the specialized technology, data insights, loyalty marketing, and shared services they need to serve today’s digital-minded customers. This united network of pizzerias enables these small businesses to thrive against major corporate chains and form the nation’s largest marketplace for authentic pizza. Slice makes it easy for customers to order from their go-to shops and discover their next favorite. Serial tech entrepreneur Ilir Sela started Slice to solve the digital challenges of his family’s New York City pizzerias. Today, the company partners with over 12,000 pizzerias across all 50 states forming the nation’s largest marketplace for authentic pizza.”

Company: DigitalOcean
Website: www.digitalocean.com
Funding Date: May 14th, 2020
Funding Type: Series C
Funding Amount: $50M
Address: 101 6th Avenue, New York, NY 10013
Overview from their Crunchbase profile:

“DigitalOcean and its Developer Cloud simplify modern app creation for new generations of developers — from individual developers to startups and SMBs. Its infrastructure and platform-as-a-service (IaaS and PaaS) solutions provide a “no DevOps required” experience, allowing developers to focus their energy on creating innovative software. By combining the power of simplicity, love for the developer community, an obsession for customer service, and the advantages of open source, DigitalOcean brings software development within technical and economic reach of anyone around the world.”

Company: Immunai
Website: www.immunai.com
Funding Date: May 14th, 2020
Funding Type: Seed Round
Funding Amount: $20M
Address: 180 Varick St, 6th Floor, New York, NY 10014
Overview from their Crunchbase profile:

Immunai’s mission is to map the entire immune system and its functions using machine learning. Immunai leverages single-cell technologies to profile cells from a blood sample. Its proprietary database then uses machine-learning algorithms to map the hundreds of cell types and their states to create an immune profile. That profile is then used to support biomarker discovery and insights that identify how a cell responds to its changing environment.”

Company: BetterCloud
Website: www.bettercloud.com
Funding Date: May 20th, 2020
Funding Type: Series F
Funding Amount: $75M
Address: 330 7th Avenue, 4th Floor, New York, NY 10001
Overview from their Crunchbase profile:

BetterCloud is the first SaaS Operations Management platform, empowering IT to define, remediate, and enforce management and security policies for SaaS applications. Over 2,500 customers in 60+ countries rely on BetterCloud for continuous event monitoring, quickly remediating threats, and fully automating policy enforcement. BetterCloud is headquartered in New York City with an engineering office in Atlanta, GA.”

Company: MakeSpace
Website: www.makespace.com
Funding Date: May 21st, 2020
Funding Type: Series E
Funding Amount: $45M
Address: 123 William St New York, NY 10038
Overview from their Crunchbase profile:

MakeSpace aims to make storage convenient and consumer-friendly, creating a tech-enabled storage experience. Customers pay only for the space they need, and schedule pickups, drop-offs, and other services through an app and digital photo inventory. The company is now available in 31 markets across North America.”

Company: Bluecore
Website: www.bluecore.com
Funding Date: May 26th, 2020
Funding Type: Series D
Funding Amount: $50M
Address: 116 Nassau St #7, New York, NY 10038
Overview from their Crunchbase profile:

Bluecore is a Retail Marketing Platform that specializes in email. Bluecore’s unique ability to match customer data with real-time product updates enables brands to build intelligent, triggered campaigns that span all email programs and channels. By connecting deep data insights, Bluecore’s AI-driven decisioning engine determines the timing and content of the next-best campaign to surface to individual shoppers, driving relevance for shoppers and increased revenue for brands.

Backed by Norwest Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures, Bluecore is one of New York City’s fastest growing SaaS start-ups and works with more than 400 retailers and brands.”

Company: Helbiz
Website: www.helbiz.com
Funding Date: May 26th, 2020
Funding Type: Series B
Funding Amount: $4M
Address: 32 Old SlipNew York, NY 10005
Overview from their Crunchbase profile:

Headquartered in New York City and founded in 2016 by Italian serial entrepreneur Salvatore Palella, Helbiz is an intra-urban transportation company with a mission to solve the first- and last-mile transportation problem of high-traffic urban areas around the world. The company has a strategic footprint in growing markets with offices in New York, Washington DC, Miami, Seattle, Milan, Rome, Belgrade and Singapore, with additional operational teams around the world. Helbiz’s innovative flagship HelbizGO electric scooter service is fully operational in Italy and Spain, with pilot programs underway in Portugal, France, Greece, Singapore, and Georgia, and was built for the sharing economy and for a healthier planet. Perfect for small trips, HelbizGO electric scooters are affordable and easy to use, plus they offer users a convenient way to reduce their carbon footprint. The Helbiz app is available via the Apple App Store and the Google Play Store.”

Company: Spectrm
Website: www.spectrm.io
Funding Date: May 26th , 2020
Funding Type: Series A
Funding Amount: $3M
Overview from their Crunchbase profile:

Spectrm is an end-to-end platform to acquire leads, for conversational commerce and generating insights on messaging apps like Facebook Messenger or WhatsApp. It powers companies like Red Bull, Telekom, CNN, Ford, and many more. The combination of an easy to use platform together with internationally recognized conversational AI makes it easy for businesses to launch quickly and see results.”

Company: LaterPay
Website: www.laterpay.net
Funding Date: May 28th, 2020
Funding Type: Venture – Series Unknown
Funding Amount: $10M
Address: 205 E 42nd Street, New York, NY 10017
Overview from their Crunchbase profile:

LaterPay simplifies payments on the Internet. In addition to a classic immediate purchase option, LaterPay also allows you to buy digital content such as articles now and pay later.

LaterPay allows you to purchase digital content for even the smallest amounts without having to pay directly. You simply confirm that you want to pay later and then you can access the content you want. You don’t have to register or provide payment details beforehand. LaterPay remembers all the purchases you make on your device and bundles them into one invoice. No matter which website LaterPay uses, you simply shop – and all purchases appear together on one LaterPay invoice. As soon as your tab reaches $5.00, we ask you to register. Afterwards you choose your preferred payment method. There are no fees for you; you only pay for what you actually buy.”

Company: Tia
Website: www.asktia.com
Funding Date: May 28th, 2020
Funding Type: Series A
Funding Amount: $24.3M
Address: 30 E. 23 Street, 7th Floor, New York, NY 10010
Overview from their Crunchbase profile:
At Tia, we believe that the healthcare system was not built with women in mind. Today, considering that women control 80% of healthcare dollars in the U.S., Tia is seizing the opportunity to build a new, distinctly female model of care digitally and physically. Tia is backed by leading healthcare and consumer funds, including Torch Capital, Define Ventures, Homebrew, Threshold Ventures, and Acme Ventures.”

Company: Caraway
Website: www.carawayhome.com
Funding Date: May 28th, 2020
Funding Type: Seed Round
Funding Amount: $5.3M
Overview from their Crunchbase profile:

Caraway is on a mission to craft well-designed, non-toxic ceramic cookware that thoughtfully raises the standards of what you cook with. Simply put, our products are designed to make your life easier and healthier, no matter your level of expertise.

The company’s products are made with naturally smooth ceramic, not polytetrafluoroethylene (Teflon)—a chemical that can leach toxic substances into food and the air.

Caraway was founded in 2018 and is based in New York City.”

Company: Stringr
Website: www.stringr.com
Funding Date: May 28th, 2020
Funding Type: Series A
Funding Amount: $5.8M
Overview from their Crunchbase profile:

STRINGR operates an online marketplace that enables media content contributors to upload and submit photographs, pictures, images, moving images, videos, and other media as well as to license them to media organizations who search, view, request, purchase, and download such content.

The company offers Stringr, a marketplace that enables media outlets to search videos by location, date, and description; submit footage requests with details and a deadline; and download videos. It also allows media content contributors to push notifications to get footage requests; get alerts for requests; and capture the video requested. Its solution supports various video formats, including AVI, AAC, FLV, MP4, and 3GP.

STRINGR was incorporated in 2013 and is based in New York, NY.”

Company: Floating Point Group
Website: www.floating.group
Funding Date: May 28th, 2020
Funding Type: Seed round
Funding Amount: $2M
Address: 384 Troutman Ave, Brooklyn, NY 11237
Overview from their Crunchbase profile:

Floating Point Group is a cryptocurrency firm based in New York City that specializes in smart-order-routing(SOR) technology. The system solves market illiquidity, allowing block trades that would normally be executed by OTC desks to be routed through cryptocurrency exchanges while intelligently avoiding slippage- bolstering the markets and decreasing volatility. Similar to the evolution of the traditional financial markets, SOR systems are necessary for the successful maturation of cryptocurrency.

Floating Point Group integrates technology for the digital currency markets into trading strategies through a single API. The platform is offering innovative, industry-leading trade execution and settlement. They help hedge funds, asset managers, and institutional investors adapt to a rapidly evolving market structure with a platform of modular trading technology that lets them deploy customizable trading applications for order execution, market data, and trade settlement with just a couple lines of code.”


At Karma Search LLC, we partner with tech startups to hire Technology and Creative individuals. Whether your tech startup is looking to hire a Software Engineer or another Technology or Creative candidate, we’ve got you covered.

Schedule a call with us today for a customized hiring strategy session catered to your tech startup. We work with tech startups across the US including New York City,  San Francisco, Austin, Chicago, Boston, Des Moines, Portland, Seattle, Denver, and more. www.trykarmasearch.com

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