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In The News 30. June 2017

This week in N.Y.C. funding news: Sitehands, Shapr, Flip, Riskified

Featured in New York Business Journal

By   – Reporter, New York Business Journal

According to data provider PitchBook, investors deployed $16.5 billion to 1,797 venture-backed companies across the United States during the first quarter of 2017.

That’s a slight uptick from the fourth quarter of 2016.

As we turn the page to close this year’s second quarter, and the final numbers for the past three months get tallied, it remains to be seen if we’ll see another increase — but judging from the volume of deals we’ve seen, we are expecting another quarterly lift. Tune in next week for our continuing coverage.

SPOTLIGHT

New York business pros are always looking to impress. For those in need of a fancy new locale to host an event, Convene is a startup that can help.

The Manhattan-based company, known for managing the amenities of various office buildings, recently hosted an event at Condé Nast Venues on the 34 thfloor of One World Trade Center. Various “VIP partners and clients” from a different industries gathered to enjoy live music and entertainment by Brooklyn-based performing arts group LoftOpera.

The event was meant to showcase the Condé Nast space as an event or meeting venue for others interested in an offsite spot, whether it be for product launches or a holiday party. Check out the venue in the photos above.

THIS WEEK’S VC DEALS

Riskified

The e-commerce fraud-prevention solution secured an additional $33 million of growth stage funding, bringing the company’s total funding to $64 million. Israeli-based Pitango Growth, Capital One Growth Ventures, Groupe Arnault and C4 Ventures, featuring former Apple (NASDAQ: AAPL) executive Pascal Cagni, each invested.

Sitehands

The on-demand provider of enterprise IT field services secured a $25 million growth equity commitment from FTV Capital.

Lynq

The location technology startup raised $19 million in seed funding. Plus Eight Equity Partners led the round and was joined by investors including ARC Angel Fund and Angel Investor Forum.

Shapr

The professional networking app received $9.5 million from private investors, including Dannon chair Franck Riboud. Shapr will use the funds to hire 15 employees for its Paris and New York offices.

Yieldmo

The advertising technology startup pulled in $8.8 million worth of new funding from existing investors Time Warner, Ross Levinsohn, Google Ventures, Vast Ventures and Union Square Ventures. Sources tell Term Sheet the new round values the company at more than $100 million.

Homer Logistics

The provider of last-mile delivery technologies raised $8.5 million in Series A funding from Two Sigma Ventures, Lerer Hippeau Ventures, RSE Ventures and Laconia Capital Group.

Harver

The HR technology company that aims to “replace the résumé” raised $8.1 million in a Series A funding. Insight Venture Partners led the effort. This week’s funding brings the total amount of financing raised to $11.4 million.

Flip

The startup, which pre-qualifies prospective tenants and matches them with users looking to sell unwanted leases, secured $2.2 million in funding. Co-founded by CEO Susannah Vila, Flip was formed to help people get on or off of apartment rental leases. Union Square Ventures led the round with participation from Collaborative Fund and existing investors Techstars Ventures and BBG Ventures.

AUrate

The jewelry startup clinched $2.6 million in seed funding from Arab Angel Fund, Victress Capital, along with several anonymous angel investors. AUrate, an online retailer of “ethically sourced” jewelry without a retail markup, plans to hire roughly 25 new employees.

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