New York tech companies raised over $675 million in May, trumping capital dollars raised in April by over $534 million. Here is a look at the top five rounds from this month.
5. Dashlane, $22.5 million, May 25
Investors: The round was led by TransUnion, and included participation from previous investors Rho Ventures, FirstMark Capital and Bessemer Venture Partners.
Bio: Dashlane is a password manager and leader in the online identity management space. The company has created technology that secures password sharing and creates emergency access. In the past few months the company has expanded the capabilities of its product into the business world and will introduce more business-focused services in the near future.
News: With the new funding, Dashlane will work to integrate offerings focused on credit monitoring, identity and fraud protection, credit information and breaches. TransUnion will also help Dashlane expand its distribution through TransUnion's multiple partner channels in the U.S. and globally.
4. VTS, $55 million, May 4
Investors: The round was led by Insight Venture Partners, with participating investments from OpenView and Trinity Ventures.
Bio: VTS is a commercial leasing and asset management platform for landlords and brokerages. Using VTS, landlords can track leasing trends across their buildings and brokers can manage their leasing pipelines.
News: The company is planning on using the funding to expand globally and further develop out its product.
3. Bark & Co, $60 million, May 17
Investors: This Series C round was led by Silicon Valley investor August Capital, with participating investments from New York-based RRE and Resolute Ventures.
Bio: Bark & Co is the company behind the hugely popular monthly subscription service BarkBox, which delivers a curated box of dog treats and toys to owners’ doors each month. Building upon the success of BarkBox, Bark & Co also launched three additional businesses to build out its dog-centric brand.
News: The company is planning on using the round to create its own Bark & Co products, from toys and treats to content and experiences.
2. Via, $100 million, May 5
Investors: The round was led by Pitango Growth, with participation from Poalim Capital Markets, C4 Ventures, Expansion Venture Capital, Ervington Investments, 83North and Hearst Ventures.
Bio: Via aims to make carpooling more effective by using an algorithm that connects people who are headed in the same direction. Currently, the company operates in New York and Chicago, where they’ve provided over four million rides and are experiencing fast user growth.
News: The company will use the funds to expand in New York City and Chicago, add new cities and sell its technology to transit authorities. The new round will also support a partnership with Mercedes-Benz to provide new Mercedes-Benz Metris Passenger vans in California.
1. Gett, $300M, May 25
Investors: This month, Volkswagen announced a $300 million investment in Gett.
Bio: Gett is an on-demand ride-hailing service that provides riders with flat rates that never surge, regardless of weather, traffic or demand. Customers can hail a Gett car for a $10 ride anywhere in Manhattan below 110th Street.
News: Volkswagen’s investment in Gett is a strategic one, which is based on a joint growth strategy to expand on-demand mobility services in Europe. Volkswagen also expressed that the long-term goals of this deal is to expand to self-driving cars.