In Like a Lion: Techstars Alum DigitalOcean Leads March in NY Funding

3/12/14Follow @jpruth

March is not even half over and more than $64 million in new funding has been announced for startups in New York.

DigitalOcean, a cloud-hosting startup and Techstars alum, said last Thursday it raised $37.2 million in a Series A round led by Andreessen Horowitz, with IA Ventures and CrunchFund also participating. Though the startup was founded and is based in New York, DigitalOcean was part of the 2012 summer Techstars program in Boulder,CO.

The new funding, the startup said, will go toward hiring engineering staff, development of new products, and the expansion of its infrastructure.

Lotame in New York, the developer of a data management platform, said last Wednesday it raised $15 million in a Series D round led by Sozo Ventures and TrueBridge Capital Partners. Also participating in the round were Battery Ventures, Emergence Capital Partners, and RJ Finlay & Co. Thus far Lotame has raised $44 million in outside funding.

Canary, a surprise breakout on Indiegogo last year, said last Tuesday it raised $10 million in a Series A round with Khosla Ventures, individual investor Bobby Yazdani, Two Sigma Ventures, and others. The startup is developing a low-cost home security system that can be monitored and controlled via smartphone.

Last summer, Canary raised some $2 million via its crowdfunding campaign that initially sought to bring in $100,000. The startup also raised $1.2 million in a seed round that included Brooklyn Bridge Ventures. Canary expects to begin shipment of its product this summer.

TreSensa, a developer and distributor of mobile Web games, said last week it raised $2 million in a Series A round led by Caribou Asset Management, with participation from angel investors including Andrew Reis, Jason Glickman, David Pecker, and Ben Barokas. In 2012, TreSensa raised $1.5 million in a seed round.

João-Pierre S. Ruth is the editor of Xconomy New York. He can be reached at and followed on Twitter @jpruth. Follow @jpruth