From Appboy to VTS: A New York Funding Roundup
Springtime has brought to the city a batch of recent funding for local startups across industries from mobile to real estate.
—New York-based commercial real estate technology developer VTS, which created an asset management and leasing platform, closed on a $55 million funding round led by Insight Venture Partners, with prior investors OpenView and Trinity Ventures participating. So far, VTS has raised $84 million since its founding.
The company said the latest funding will go towards expansion and product development. VTS’s software is used by landlords, agency brokers, and tenant reps to manage deals and identify real estate trends.
—Appboy said it raised $20 million in a Series C round led by Battery Ventures, with prior investors also participating. The company develops customer relationship software used by mobile marketers and says it will use the funding for growth and to further develop products.
—With $4 million in seed funding from undisclosed investors, Fuigo has borrowed a page from WeWork and launched a co-working space, on Park Ave in the Gramercy Gateway building, specifically for interior designers. Fuigo said it has 12 designers in residence at the moment and expects that number to grow to 150 by 2018.
—Brooklyn-based Poncho, whose online service sends personalized text and e-mail weather forecasts, said it closed on a $2 million seed funding round led by Lerer Hippeau Ventures. Other investors include betaworks (where Poncho was spawned), Greycroft Partners, Comcast Ventures LP, Venture51 Capital Partners, RRE Ventures, Broadway Video Ventures, Ore Ventures, NextNews Ventures, and individual investor David Shen. Poncho said it will use the funds to further develop its data science and artificial intelligence for its chatbot.
—-Relayware, a Jersey City-based provider of partner relationship management software, said it raised $11 million in a round led by Amadeus Capital Partners, with Albion Ventures participating. The company said the funding will go towards expansion and growth across country.