Category: New York

Pond5 Receives $61,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f05f5782-2442-450e-95bb-194536e54226 Date 7/17/2014 Company Name Pond5 Mailing Address 80 Fifth Avenue 18th Floor New York, NY 10011 USA Company Description Pond5 is the world’s most vibrant marketplace for creativity. Media makers find the content they need, and make money doing what they love. Website http://www.pond5.com Transaction Type Venture Equity Transaction Amount $61,000,000 … Continue reading “Pond5 Receives $61,000,000 New Financing”

Zooz Obtains $12,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9880f6fc-82d6-4773-81c1-5bee39891ae8 Date 7/17/2014 Company Name Zooz Mailing Address 244 5th Avenue New York, NY 10001 USA Company Description Zooz was founded in 2010 by Oren Levy and Ronen Morecki, who envisioned a payments ecosystem with increased payment flexibility and reduced processing fees. Since our launch in 2012, we’ve been innovating payments with … Continue reading “Zooz Obtains $12,000,000 New Funding Round”

TradeBlock Lands $2,800,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e48fbbc3-f192-4abc-84c7-838e0aadb23f Date 7/17/2014 Company Name TradeBlock Mailing Address 1040 1st Avenue New York, NY 10022 USA Company Description TradeBlock’s digital currency tools and research are trusted by hundreds of thousands of traders and enthusiasts across the globe. Website http://www.tradeblock.com Transaction Type Venture Equity Transaction Amount $2,800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “TradeBlock Lands $2,800,000 New Funding”

Allazo Health Receives $20,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7936e4e5-8a31-4528-bf29-28952606589e Date 7/17/2014 Company Name Allazo Health Mailing Address 483 Broadway 2nd Floor New York, NY 10013 USA Company Description AllazoHealth was founded on the premise that each individual is unique. After building an award-winning medication adherence program used by over 14 million patients, CEO Clifford Jones realized the need for predictive … Continue reading “Allazo Health Receives $20,000 Seed Funding Round”

EnHatch Lands $20,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f55cc93-a855-4823-adcd-808cd4be0715 Date 7/17/2014 Company Name EnHatch Mailing Address 110 Fifth Avenue 5th Floor New York, NY 10011 USA Company Description Enhatch provides an enterprise mobile platform that allows business people to build and deploy visually compelling apps that bridge the engagement gap between sales, marketing and customers involved in complex B2B selling … Continue reading “EnHatch Lands $20,000 Seed Round”

Health Recovery Solutions Garners $20,000 Seed Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00439a4e-2c60-4d32-8711-ac099b20be91 Date 7/17/2014 Company Name Health Recovery Solutions Mailing Address 483 Broadway New York, NY 10013 USA Company Description Health Recovery Solutions helps hospitals and patients reduce re-admissions through a research based platform that constructively guides patient’s behavior. HRS is an outcomes based outpatient care organization that is designed around meaningful data, … Continue reading “Health Recovery Solutions Garners $20,000 Seed Financing”

GeriJoy Secures $20,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c5e8154-e879-4daf-a7d1-e131c0946530 Date 7/17/2014 Company Name GeriJoy Mailing Address 483 Broadway 2nd Floor New York, NY 10013 USA Company Description To improve quality of life for elders and their families through technology that is friendly and easy to use. Website http://www.gerijoy.com Transaction Type Accelerator Transaction Amount $20,000 Transaction Round Seed Proceeds Purposes The … Continue reading “GeriJoy Secures $20,000 Seed Funding Round”

EMBI Receives $20,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=16a57435-ce1f-498a-b7d9-eb7b59791e88 Date 7/17/2014 Company Name EMBI Mailing Address 483 Broadway 2nd Floor New York, NY 10013 USA Company Description We formed Emergency Medicine Business Intelligence (EMBI) so we could help you make a difference for your Emergency Department and staff, your patients and your hospital. We understand the challenges Emergency Departments face … Continue reading “EMBI Receives $20,000 Seed Funding Round”

Locket Receives $20,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b0501bc-b83f-4414-a2e0-f30310565675 Date 7/17/2014 Company Name Locket Mailing Address 305 Second Avenue New York, NY 10003 USA Company Description We’re Locket and we’re all about the lock screen. Smartphones are always evolving, but the lock screen hasn’t. Too many of us see the same old, boring picture. Website http://www.getlocket.com Transaction Type Accelerator Transaction … Continue reading “Locket Receives $20,000 Seed Funding Round”

daisyBill Obtains $20,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c3883f5e-dc42-46ba-b5b4-f4eed6a9677f Date 7/17/2014 Company Name daisyBill Mailing Address 34 West 15th St. New York, NY 10011 USA Company Description DaisyBill is better billing for workers’ comp. Use our specialized cloud-based software to submit your medical bills electronically. Website http://www.daisybill.com Transaction Type Accelerator Transaction Amount $20,000 Transaction Round Seed Proceeds Purposes The company … Continue reading “daisyBill Obtains $20,000 Seed Financing Round”

NYCEDC Eyes VC Partners to Back Medtech, Diagnostics Startups

[Updated with comments from NYCEDC] Over the past year, the New York City Economic Development Corp. has been trying to find a venture firm to help bankroll a big fund that would spur biotech innovation in the Big Apple. While that search is still ongoing, the agency has upped the ante and is now looking … Continue reading “NYCEDC Eyes VC Partners to Back Medtech, Diagnostics Startups”

How Dan Gilbert Helped Tame the Incorrigible Rap Genius

You may have missed the story Business Insider published Friday detailing Rap Genius’s turmoil on the way to raising $40 million. Rap Genius is a New York City startup that started as a website where people on the Internet could analyze the lyrics of rap songs. Now, rebranded as Genius, the company wants to annotate … Continue reading “How Dan Gilbert Helped Tame the Incorrigible Rap Genius”

Conversocial Receives $5,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1855e408-a498-41b7-96c0-326977d0ea29 Date 7/16/2014 Company Name Conversocial Mailing Address 1115 Broadway 11th Floor New York, NY 10010 USA Company Description Social media is rapidly changing customer service.We’re here to help you stay on top. We’re the leader in social customer service.We know what your customers need, and we know what you need. Website … Continue reading “Conversocial Receives $5,000,000 Series A Funding”

Wiper Secures $2,500,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a99b17a8-9f37-45ed-a7bf-ad5489347d30 Date 7/16/2014 Company Name Wiper Mailing Address Undisclosed New York, NY 10017 USA Company Description Use Wiper Messenger for free private texting and calling worldwide. Tap Wipe to erase a conversation’s texts, files and videos instantly, everywhere — your phone, your friend’s phone, and any temporary copy on our servers. Plus, … Continue reading “Wiper Secures $2,500,000 Seed Round”

DraftKings Acquires DraftStreet for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e07cfa6-0fbd-427f-90ba-fe537dad53e0 Date 7/16/2014 Company Name DraftStreet Mailing Address Undisclosed New York, NY 10017 USA Company Description As of today, we are very pleased to announce that DraftStreet has been acquired by DraftKings, a fellow leader in daily fantasy sports. DraftStreet has been an overwhelming success, surpassing all of our expectations when we … Continue reading “DraftKings Acquires DraftStreet for Undisclosed Sum”

The Mid-Stage VC Funding Gap, By the Numbers

In recent years, we’ve heard a lot about the “Series A crunch” for tech startups—lots of companies get seed funding but can’t raise a first venture round. Now we’re hearing more about a mid-stage funding bottleneck, typically at the Series B and C venture stages. A recent tech funding deal in Boston highlighted the issue … Continue reading “The Mid-Stage VC Funding Gap, By the Numbers”

Who Needs Biotech VCs, Anyway?

Welcome to In Translation, and thanks for reading. As a companion to Xconomy’s regular life sciences coverage, this new column provides me with a chance to dive a little more deeply into strategic, cultural, and scientific topics around the biotech world, and bring more of my own point of view to bear. I welcome and … Continue reading “Who Needs Biotech VCs, Anyway?”

Birchbox Goes Bricks-and-Mortar with Store in SoHo

Another player in e-commerce has opened up a real-world outlet. Birchbox in New York took the wraps off its first retail location, set in the SoHo district of the city, on Friday. Since its founding in 2010, Birchbox has offered a monthly, online subscription service for curated samples of beauty products, and has built up … Continue reading “Birchbox Goes Bricks-and-Mortar with Store in SoHo”

Stealth Mode is the New Sweet Spot for Some Biotechs

This post was co-authored by Sultan Meghji. In biotech’s early days, telling a story to a wide audience used to be part of the path to success. Founders would share a compelling early narrative to potential investors, reporters, and just about anyone else who would listen. Nature papers were the coin of the realm. But … Continue reading “Stealth Mode is the New Sweet Spot for Some Biotechs”

Rocketrip Receives $3,000,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=542f1d75-ef68-47d4-a8af-e908d57018aa Date 7/14/2014 Company Name Rocketrip Mailing Address 175 Varick Street 8th Floor New York, NY 10014 USA Company Description Managing T&E costs is a pain point for nearly any company of any size. We are working hard to make business travel personal. We are in private beta and will be launching … Continue reading “Rocketrip Receives $3,000,000 Series A Funding Round”

Bustle Receives $5,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70ec7276-9993-41e3-a555-01f927d0034e Date 7/14/2014 Company Name Bustle Mailing Address 559 Driggs Ave. Brooklyn, NY 11211 USA Company Description Bustle is a news, entertainment, lifestyle, and fashion site driven by a diverse and energetic collection of contributors. We’re looking to redefine what “women’s interest” looks like. Website http://www.bustle.com Transaction Type Venture Equity Transaction Amount … Continue reading “Bustle Receives $5,000,000 New Round”

East Coast Biotech Roundup: Regeneron, Sarepta, Jounce, & More

Data that impressed. Data that disappointed. Regulatory strangleholds. Dramatic swings in stock prices. All of it made for just another wild week in East Coast biotech. We’ve got the details below. —Tarrytown, NY-based Regeneron Pharmaceuticals (NASDAQ: [[ticker:REGN]]) made a big splash last year with an experimental antibody drug, dupilumab, it believes could hit the root … Continue reading “East Coast Biotech Roundup: Regeneron, Sarepta, Jounce, & More”

Boston Vs. San Francisco: Two Cultures of Innovation

Let’s say you’re an ambitious, creative professional or entrepreneur working in the United States. You’re interested in technology, you have the luxury of mobility, and you want to be close to the center of things. Which city should you choose as your home? If you’re attracted to a specific sub-field, the answer may be obvious. … Continue reading “Boston Vs. San Francisco: Two Cultures of Innovation”

Button Secures $2,250,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=35173751-2713-42ce-a342-58dfaa8584e0 Date 7/11/2014 Company Name Button Mailing Address Undisclosed New York, NY 10017 USA Company Description Buttons vision is to empower and propel the brands that represent the On-Demand economy. Button is creating an acquisition, activation, and engagement toolset that fosters higher lifetime values and creates more efficient methods of acquiring new … Continue reading “Button Secures $2,250,000 Seed Funding Round”

Barkbox Garners $15,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1fc4d13e-cc69-4ff2-a383-e2f857dcbecf Date 7/11/2014 Company Name Barkbox Mailing Address 50 Eldridge Street 5th Floor New York, NY 10002 USA Company Description BarkBox is building a new generation pet brand for people who are passionate about their dogs. Website http://www.barkbox.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction Round Series B Proceeds Purposes Proceeds … Continue reading “Barkbox Garners $15,000,000 Series B Financing”

Big Late-Stage Deals and Unicorns Drive U.S. Venture Activity Higher

Two years ago, VC firms shrugged off sluggish economic conditions to invest $8.1 billion in 812 U.S. deals in the second quarter. It was the highest total in more than a decade—and represented a high water mark for venture dollars invested that stood until the first quarter of this year. Now a surge in venture … Continue reading “Big Late-Stage Deals and Unicorns Drive U.S. Venture Activity Higher”

AdhereTech Receives $1,750,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=819695a5-9889-4578-bbb8-2832e1815e1c Date 7/10/2014 Company Name AdhereTech Mailing Address 11 Broadway New York, NY 10004 USA Company Description Patented smart pill bottles designed to increase medication adherence Our bottles have been designed to track the amount of medication inside them in real-time, wirelessly send this HIPAA-compliant data into the cloud, and remind patients … Continue reading “AdhereTech Receives $1,750,000 New Round”

SeamlessDocs Garners $25,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e7082e7-6dfc-47ca-ad29-b6a11d026e36 Date 7/10/2014 Company Name SeamlessDocs Mailing Address 1500 Broadway New York, NY 10036 USA Company Description SeamlessDocs is a modern replacement to the PDF. The current PDF is a “dumb” document that needs to be downloaded, is not mobile friendly and has no validation or workflow built in. Website http://www.seamlessdocs.com Transaction … Continue reading “SeamlessDocs Garners $25,000 Seed Funding Round”

Regeneron, Sanofi Drug Holds Up in Eczema Study

Regeneron Pharmaceuticals made a big splash last year with a drug prospect it believes just might hit the root cause of several allergic diseases. Today, it’s backing up that thesis with some new data showing that the drug might have a place treating one of the world’s most common skin disorders. Tarrytown, NY-based Regeneron (NASDAQ: … Continue reading “Regeneron, Sanofi Drug Holds Up in Eczema Study”

ATD Health Network Receives $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63aa9a3c-d588-47de-a29f-02522bf02aa4 Date 7/9/2014 Company Name ATD Health Network Mailing Address Undisclosed New York, NY 10017 USA Company Description Askthedoctor.com was the idea of two Canadian entrepreneurs – Prakash Chand and Dr. Suneel Sharman. Both are from Winnipeg, Canada but the idea was envisioned in Dec 2006 while at a café on the … Continue reading “ATD Health Network Receives $3,000,000 New Financing Round”

DigitalOcean Lands $10,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=831b8eaa-214b-4037-aac9-27d97075eead Date 7/9/2014 Company Name DigitalOcean Mailing Address 270 Lafayette St. New York, NY 10012 USA Company Description DigitalOcean isn’t planning to get into the game of cutting prices on its services the way Amazon does. But he said those price cuts can be “somewhat irrelevant,” as they apply to services that … Continue reading “DigitalOcean Lands $10,000,000 New Financing Round”

Instevent Receives $1,309,812 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d553a418-0387-4a2b-b2b1-9e45b417e333 Date 7/9/2014 Company Name Instevent Mailing Address 32 Union Square East New York, NY 10003 USA Company Description VenueBook connects people planning events with the right venues to meet their unique event needs. Our goal is to simplify and streamline the event booking process for both organizers and venues. We want … Continue reading “Instevent Receives $1,309,812 New Funding”

Handybook Bringing Its Household-Help Booking Service to London

[Updated 7/8/2014, 1:15pm. See below.] Handybook is putting its new venture investment to work. The New York-based startup, which helps consumers arrange for cleaners and other home services, is expanding its offerings to London. Handybook was founded in Boston in 2012 by Harvard Business School students who later moved the company to New York. Its app and … Continue reading “Handybook Bringing Its Household-Help Booking Service to London”

Return Path Receives $5,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c011c59d-916a-417f-8149-ed0c5f2082bf Date 7/7/2014 Company Name Return Path Mailing Address 3 Park Avenue 41st Floor New York, NY 10016 USA Company Description Return Path has helped top marketers build relevant relationships with their customers, generating higher response rates and achieving significant returns on investment with their email program. Website http://www.returnpath.net Transaction Type Debt … Continue reading “Return Path Receives $5,000,000 New Financing Round”

Adarza BioSystems Secures $2,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=839b2c87-dd0d-487d-b320-fba32e69616d Date 7/7/2014 Company Name Adarza BioSystems Mailing Address 150 Lucius Gordon Dr West Henrietta, NY 14586 USA Company Description Adarza BioSystems, Inc is an early stage medical diagnostics company developing a rapid and label-free biological assay platform for measuring clinical and point-of-care (POC) samples. This technology is fully arrayable, potentially allowing … Continue reading “Adarza BioSystems Secures $2,000,000 New Funding”

Trust but Verify: When Customer Feedback is Not Enough

[Editor’s Note: If you’re following the methodology laid out by startup strategy guru and Xconomist Steve Blank, you have begun with a hypothesis about a customer need or problem. Then you develop a “mininum viable product” (MVP), a prototype with the smallest possible feature set that still shows potential customers how your idea can help … Continue reading “Trust but Verify: When Customer Feedback is Not Enough”

Data Creates a View from Outer Space at New York Tech Meetup

The Earth never looked so three-dimensional. At July’s New York Tech Meetup, the intrepid team from The Satellite showed off their out-of-this-world idea for a real-time, big-screen exhibit that lets people see our planet as if they were looking down from the International Space Station. The Satellite isn’t a business in the making—it’s an art project, … Continue reading “Data Creates a View from Outer Space at New York Tech Meetup”

72Lux Making It Easier for Consumers to Buy What They Want Online

Heather Marie is betting folks want to simplify how they shop around the Web. As CEO and founder of New York-based 72Lux, she previously created a universal checkout that lets people complete purchases in one place on items they found at different websites. The idea was to get impulse buyers to not abandon their online … Continue reading “72Lux Making It Easier for Consumers to Buy What They Want Online”

Innovation Hub: The American Economy Is in Better Shape Than Ever

Despite increasingly good job numbers, pessimism about the economy persists. According to Gallup, almost 60 percent of Americans think the economy is still getting worse. Last week, Clayton Christensen told Innovation Hub that America was on its way to becoming Japan—a country that has been wrestling with stagnation for a quarter century. But Joel Kurtzman, … Continue reading “Innovation Hub: The American Economy Is in Better Shape Than Ever”

Regado Halts Big Heart Drug Trial, Shares Hammered

Regado Biosciences has been trying to show that it doesn’t need Big Pharma to run a massive, pricey Phase 3 study on an anticoagulant drug. But the Basking Ridge, NJ-based company suffered a setback Wednesday when it was forced to suspend the trial pending a review of potential safety problems. Regado (NASDAQ: [[ticker:RGDO]]) said that … Continue reading “Regado Halts Big Heart Drug Trial, Shares Hammered”

CypherWorx Receives $550,006 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d4038a1-a26e-424b-a3cd-00b3ca019147 Date 7/3/2014 Company Name CypherWorx Mailing Address 3349 Monroe Avenue Rochester, NY 14618 USA Company Description CypherWorX, Inc. partners with business-to-business, association and CRM clients by providing holistic e-Learning solutions. These range from course development to Learning Management System (LMS) integration under the brand names NP Training Works and CollaborNation. Website … Continue reading “CypherWorx Receives $550,006 New Financing”

Peloton Secures $6,029,560 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba5c708d-d55a-49ba-8260-0ac583b53a20 Date 7/3/2014 Company Name Peloton Mailing Address 227 West 29th Street New York, NY 10001 USA Company Description Peloton is changing the way people workout at home with our designer indoor cycle and first-in-class, interactive live and on-demand classes. Instructors will teach at Peloton’s flagship NYC studio to a full roster … Continue reading “Peloton Secures $6,029,560 New Round”

Bonobos Obtains $55,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d94de203-15c0-4cd5-a2f2-25dc909bbd07 Date 7/3/2014 Company Name Bonobos Mailing Address 45 W. 25th St. 5th Floor New York, NY 10010 USA Company Description The company operates a men’s clothing website. Website http://www.bonobos.com Transaction Type Venture Equity Transaction Amount $55,000,000 Transaction Round Undisclosed Proceeds Purposes The new funding will help the company open 30 more … Continue reading “Bonobos Obtains $55,000,000 New Financing Round”

BeneStream Obtains $1,580,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c2e064ad-4ef8-4cbf-a3fd-760d5ce80417 Date 7/3/2014 Company Name BeneStream Mailing Address 220 East 23rd Street New York, NY 10010 USA Company Description BeneStream uses a combination of technology and a multilingual call center to guide workers through the enrollment process and then report back to employers whether an employee has enrolled in Medicaid. Website http://www.benestream.com … Continue reading “BeneStream Obtains $1,580,000 Seed Financing Round”