NYC tech companies raised over $1 billion in June

by Taylor Majewski
July 5, 2017

Venture capital investments in New York City skyrocketed this month, with companies raising a whopping $1.06 billion in total fundings. The top five rounds alone raised $832 million. Here’s a look at those investment deals.



Cadre, $65 million, June 6

Investor: Andreessen Horowitz

Bio: Cadre provides a new framework for investing in real estate that offers a more transparent, secure and efficient way to review and invest in transactions. The company’s platform operates like a stock market, where approved sellers can apply to post vetted property deals and investors can buy portions of a specific building — with a user buying experience comparable to checking out on Amazon.

News: The new round will be used to drive Cadre’s national expansion into additional markets, further develop its data program and grow its technology and real estate teams.




ClassPass, $70 million, June 16

Investor: Temasek

Bio: ClassPass is an membership service that allows users to take unlimited classes across different gyms and studios,

News: The company plans on using the funding to enhance its tech platform, including features like video on-demand, social capabilities and the ability to return to favorite studios more frequently.




Freshly, $77 million, June 18

Investors: White Star Capital, Highland Capital Partners, Insight Venture Partners and Nestle

Bio: Freshly is a meal delivery service that brings chef-cooked, healthy meals right to a user’s doorsteps. The meals are composed of gluten-free, 100-percent natural ingredients so dinner is always convenient, healthy and ready in minutes.

News: Currently, Freshly has an estimated 400 employees in New York and Phoenix, and it delivers meals to 28 states. The latest round will help fund their plans to expand nationwide.



Casper, $170 million, June 18

Investor: Target, Irving Investors, Andrew Iguodala, Shaun White, Kyrie Irving, Melo7 Tech Partners LLC, Curtis ‘50 Cent’ Jackson, kevin Spacey, New Enterprise Associates, Lerer Hippeau Ventures, Norwest Venture Partners, IVP and Tresalia

Bio: Casper is reinventing how mattresses are built and sold, using a direct-to-consumer model to sell its ultra-comfortable bed-in-a-box mattresses.

News: With the new funding, Casper is launching a design lab in San Francisco, where it will host a facility and engineering team dedicated to developing new products — ranging from re-designed soft goods to the future of connected sleep.




Vice Media, $450 million, June 19

Investor: TPG

Bio: Vice Media is a leading global youth media company with bureaus in over 30 countries. It was launched in 1994 as a 'punk zine' and has now become a destination for all things news, food, music, fashion, art, travel, gaming and more.

News: The funding will be used to build out OTT and possible subscription offerings. By 2018, the company’s goal is to deliver content in 80 countries and become the “largest millennial video library for content.”


Photos via featured companies and Facebook. 

Know more companies that deserve coverage? Let us know or tweet us @builtinnewyork.

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