These 4 NYC tech companies just raised $468M in a day

by Liz Warren
September 20, 2018

What’s the most expensive day of the year? Judging by the latest fundings in NYC tech, it could be September 18. On Tuesday, four startups raised a total of $468 million — and each round was greater than $60 million. See which local companies just raised massive rounds.

 

uipath
image via facebook

$225 million

Investors: Sequoia Capital, CapitalG, Accel

Bio: UiPath is a robotic process automation company that helps enterprises cut down on the time they spend on monotonous, repetitive tasks.

News: The company raised a massive $225 million Series C round on Tuesday, bringing its valuation to $3 billion. The round, which was led by CapitalG and Sequoia Capital with participation from Accel, brings the company’s total funding amount to $408 million. Just six months ago, UiPath’s valuation reached $1 billion following a $153 million Series B round. [TechCrunch]

 

enigma
image via shutterstock

$95 million

Investors: Two Sigma Ventures, Third Point Ventures, New Enterprise Associates, Met Life, Glynn Capital Management, Crosslink Capital, Comcast, Capital One Growth Ventures, BB&T

Bio: Enigma provides businesses with data and insights using graph technology.

News: The company raised $95 million in Series C funding, bringing its total funding amount to $129 million. Funds will be used to expand the company’s offerings and reach new verticals, grow its team, scale its data acquisition efforts, and more. [AlleyWatch]

 

roman
image via facebook

$88 million

Investors: Tusk Ventures, Torch Capital, Slow Ventures, Sinai Ventures, SignalFire, Initialized Capital, General Catalyst, FirstMark, BoxGroup

Bio: Ro is the parent company of Roman, a men’s health brand, and Zero, an end-to-end service that helps people quit smoking.

News: The company raised $88 million in Series A funding led by FirstMark. This brings their total funding amount to $91.1 million — not bad, considering the company launched in November 2017. Along with the funding, the company is spreading the word about Zero, its latest venture that focuses on smoking cessation. [Business Insider]

 

bread
image via shutterstock

$60 million

Investors: RRE Ventures, Menlo Ventures, Kinnevik AB, Cue Ball, Colle Capital Partners, Bessemer Venture Partners

Bio: Bread is an alternative lending platform that helps lenders give their customers customized, easy-to-understand financing options.

News: The lending platform raised $60 million in Series C funding to enhance its offerings to online retailers, as well as branch into in-store service. Led by Kinnevik AB, the latest round brings the company’s total funding amount to $200 million. [Fortune]

 

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