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TechNY Daily
July 8, 2021
Edition 599

TechNY15 Stock Index: 1,490.01 (-40.03) (-2.6%)
Keeping Our 50,000 NYC Tech Industry Readers Informed
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1. NYC’s JW Player, a video streaming infrastructure platform, has raised $100 million in a Series E funding. Private equity firm LLR Partners was the sole investor. Over 600,000 applications and sites are running video powered by JW Player. (www.jwplayer.com) (TechCrunch)

2. NYC’s SWORD Health, a musculoskeletal care telehealth platform, has raised $85 million in a Series C funding. General Catalyst led the round and was joined by BOND, Highmark Ventures, BPEA, Khosla Ventures, Founders Fund, Transformation Capital and Green Innovations. The company's virtual physical therapy platform is designed for individuals with musculoskeletal disorders. SWORD Health is one of the Portuguese startups in NYC. (www.swordhealth.com) (MobiHealth News)

3. NYC’s Kindbody, a fertility startup, has raised $62 million in a Series C funding. Claritas Health Ventures led the round and was joined by Bramalea Partners, Monashee Investment Management, Eldridge, GV (Google Ventures), Perceptive Advisors, RRE Ventures and Rock Springs Capital. Kindbody offers end-to-end services from preconception through postpartum, serving as both a provider and network solution. (www.kindbody.com) (PR Newswire)

4. NYC’s Harness Wealth, a financial advisory platform, has raised $15 million in a Series A funding. The round was led by Jackson Square Ventures and joined by Salesforce founder Marc Benioff, Torch Capital, I2BF Global Ventures, GingerBread Capital, FJ Labs, Firstminute Capital and Bain Capital Ventures. The company’s platform is aimed at providing financial advice to tech company founders, employees and investors. (www.harnesswealth.com) (TechCrunch)

5. NYC’s The Glimpse Group, an enterprise focused Virtual and Augmented Reality startup, has raised $14.1 million in an Initial Public Offering last Thursday. The company’s stock now trades on the Nasdaq under the symbol “VRAR.” (www.theglimpsegroup.com) (Yahoo Finance)

6. NYC’s Forum Brands, a buyer of Amazon-focused sellers, has raised $27 million in a Series A funding. Norwest Venture Partners led the round and was joined by NFX and Concrete Rose Capital. Forum acquires e-commerce businesses that sell predominantly on Amazon. (www.forumbrands.com) (TechCrunch)
 
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7. NYC’s Gympass, a flexible gym pass app, has raised $220 million in a Series E funding which valued the company at $2.2 billion. Investors included SoftBank, General Atlantic, Moore Capital, Kaszek and Valor Ventures. The company partners with employers who pay a flat fee to allows their employees access to Gympass' plans. (www.gympass.com) (TechCrunch)

8. Of the 240 responses to our reader Work From Home survey, a vast majority (83%) report that they are still working from home, and only 8% have returned to their offices at least four days a week. 62% said that they left New York during the pandemic, with three quarters of those people having already returned. When it comes to employer policies, 22% report that they have been asked to return to the office at least part time, and only 10% said that they have been already asked to return full time. As far as when people intend on going back to their offices, 47% will return full time after Labor Day and an additional 23% stated that they will work from home indefinitely. Finally, 95% of responders have been fully vaccinated.

9. NYC’s Clear Secure, s travel security tech company, raised $409 million in its IPO last Wednesday. The stock jumped almost 25% on its first day of trading, valuing the company at $5.8 billion. Clear now trades on the New York Stock Exchange under the ticker “YOU” (a nod to the company’s motto: “you are you”). (www.clearme.com) (Forbes)

10. NJ’s Cross River Bank, a crypto-focused bank, has acquired NYC’s PeerIQ, a data and risk analytics platform. The financial terms of the deal were not disclosed. PeerIQ had previously raised $20.5 million from investors including Uprising Ventures, TransUnion, Macquarie Group, Hearst’s Financial Venture Fund, former Morgan Stanley CEO John Mack and former SEC Chairman Arthur Levitt. (www.peeriq.com) (www.crossriver.com) (BusinessWire)

11. Brooklyn’s Etsy has acquired Elo7, the “Etsy of Brazil.” The purchase price was $217 million. Founded in 2008, Elo7 has 56,000 active vendors selling to over 1.9 million buyers in Brazil. (www.etsy.com) (www.elo7.com.br) (Reuters)

12. NYC’s Toggle, a construction robotics startup, has raised $8 million in a Series A funding. The round was led by Tribeca Venture Partners and joined by Blackhorn Ventures, Point72 Ventures, New York State and Twenty Seven Ventures. Toggle’s robots assemble reinforcing steel rods (rebar) for use in construction. (www.toggle.is) (TechCrunch)
 
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