The big funding rounds kept coming for New York startups in November, with tech companies raising a total of $291.8 million over the month. The total was down from October, largely because there was no megadeal like Carhoo’s $250 million round, but there was still plenty of money invested. Here are the top five fundings of the month.
Investors: Led by Bessemer Venture Partners. RRE Ventures.
Bio: Bread partners with online merchants to allow you to make purchases over time. You can buy an item upfront and then pay for it in monthly installments much like you might do when purchasing a car.
News: The venture capital from the Series A round will go in part to fund initial loans to customers.
Investors: Google Ventures
Bio: ClassPass is a membership program for fitness classes across multiple gyms and studios, making working out more accessible.
News: The additional capital comes as an extension of the company’s Series B round, in which the New York startup collected $40 million in January. Over the summer the company passed $100 million in run rate.
Investors: JMI Equity led. Great Oaks Venture Capital, Great Road Holdings, Intel Capital, FirstMark Capital
Bio: Schoology provides educators and students with a comprehensive learning management system (LMS) that facilitates collaboration, communication and resource sharing on one platform
News: Schoology plans to use the funds to grow beyond the K-12 education space and move onto college campuses across the country.
Investors: Bessemer Venture Partners, Accel Partners, Atomico, FirstMark Capital
Bio: Knewton provides a learning platform for teachers, schools, and education companies to offer digital course materials that dynamically adapt to each student’s unique needs. Knewton provides students with tailored recommendations for exactly what to study, teachers with analytics and publishers with content insights to develop better products.
News: The company intends to use the funds to expand its international infrastructure and grow its technology, sales, implementation, and support teams.
1. Handy, $50 million, November 3
Investors: Highland Capital Partners, General Catalyst Partners, TPG Growth, Fidelity Investments, Revolution LLC
Bio: Handy's platform allows customers to book pre-screened independent professionals for common household services.
News: The funds will be used to expand to new cities and offer more home services through the platform. These include Handyman (the plumbing, cleaning, electrical and maintenance arm of the company), Vacation Rental Services (a cleaning services for vacation homeowners) and Handy Store (the company’s furniture delivery service).
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