With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 5/17 featuring the latest venture capital, seed, pre-seed, and angel deals, as well as notable exits and events.
Stash – $146M Series H
FINTECH
Stash, the personal investment platform, has raised $146M in Series H funding led by Goodwater Capital. Founded by Brandon Krieg, David Ronick, Ed Robinson in 2015, Stash has now raised a total of $666M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Stash Raises $146M to Enhance Financial Guidance with its AI-Powered Platform
Optimal Dynamics – $40M Series C
LOGISTICS
AI
Optimal Dynamics, an AI-powered logistics platform focused on optimizing truckload operations, has raised $40M in Series C funding led by Koch Disruptive Technologies. Founded by Daniel Powell and Warren Powell in 2024, Optimal Dynamics has now raised a total of $95.8M in reported equity funding.
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Clarium – $27M Series A
HEALTHTECH
AI
Clarium, an AI-powered healthcare supply chain management platform, has raised $27M in Series A funding led by Northzone. Founded by Steve Liou in 2020, Clarium has now raised a total of $43M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Clarium Raises $27M to Help Hospitals Save Millions with AI-Powered Supply Chain Platform
Blank Street – $21M
RETAIL
FOOD & BEVERAGE
Blank Street, the modern neighborhood coffee chain, has raised $21M in funding according to a recent SEC filing. The filing indicates that the total offering is for $25M and there were ten investors in this close. Founded by Issam Freiha and Vinay Menda in 2020, Blank Street has now raised a total of $134.8M in reported equity funding.
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Wingspan – $20M
HR TECH
FINTECH
Wingspan, a payroll platform for businesses that use contractors, has raised $20M in funding according to a recent SEC filing. The filing indicates that the round comes from seven investors. Founded by Anthony Mironov and Greg Franczyk in 2019, Wingspan has now raised a total of $37.5M in reported equity funding.
Monda Acquires Amplify Data
DATA
AI
Monda, the all-in-one data monetization platform, has acquired Amplify Data, a data delivery platform for data-as-a-service companies. Terms of the transaction were not disclosed. Founded by Karthik Kumar and Ameya Pathare in 2022, Amplify Data had raised a total of $3.5M in funding and was backed by Notation Capital, KohFounders, Hypothesis, ASC VC, and Nicholas Chirls. The acquisition accelerates Monda’s vision of building the operating system for commercial data sharing, becoming a key platform in the AI value chain by enabling frictionless data exchange.
FlexPoint – $12M Series A
FINTECH
B2B
FlexPoint, a B2B payments platform for MSPs, has raised $12M in Series A funding led by Foundry Group. Founded by Alex Kushner, Sam Kushner, and Victor Lopez in 2021, FlexPoint has now raised a total of $19.4M in reported equity funding.
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Cartwheel – $10M
AI
CREATIVE TECH
Cartwheel, an AI-powered animation platform that allows you to create professional animations through simple prompts, has raised $10M in Venture funding led by Craft Ventures. Founded by Jonathan Jarvis and Andrew Carr in 2023, Cartwheel has now raised a total of $15.6M in reported equity funding.
StudyFetch – $10M
EDTECH
AI
StudyFetch, an AI-learning platform, has raised $10M in funding according to a recent SEC filing. The filing indicates that the total offering is for $12M and this close comes from a sole investor. StudyFetch was founded by Esan Durrani and Ryan Trattner in 2023.
Passage Health – $8M
HEALTHTECH
Passage Health, a clinical and practice management platform for those working with autism patients, has raised $8M in funding according to a recent SEC filing. The filing indicates that the round comes from two investors. Founded by Bill White and Gabriel Khaselev in 2022, Passage Health has now raised a total of $10.25M in reported equity funding.
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ClaimClam – $5.6M
LEGALTECH
ClaimClam, a legal tech platform that matches class action litigants with lawyers, has raised $5.6M in funding according to a recent SEC filing. The filing indicates that the round comes from sixteen investors. Founded by Zim Hang in 2022, ClaimClam has now raised a total of $7.6M in reported equity funding.
Cleancut – $5M Series B Extension
CONSUMER
SUSTAINABILITY
Cleancut, a sustainable cleaning products brand that uses recyclable paper-based cartons, has raised a $5M Series B extension led by Sage Hill Investors and Maywic Select Investments. Founded by Ryan Lupberger and Zachary Bedrosian in 2017, Cleancut has now raised a total of $33.8M in reported equity funding.
Aboard – $5M
UNKNOWN
Aboard has raised $5M in funding according to a recent SEC filing. The filing indicates that the round comes from a sole investor. Aboard was founded by Richard Ziade and Paul Ford.
