TechNY Daily

1. Apple is indefinitely delaying the re-opening of it corporate offices. The company had planned to ask employees to return in February. Apple is also giving employees $1,000 to outfit their homes for remote work. (CNBC)

2. Spoiler Alert. NYC’s Peloton stock dropped by 5% last Friday after the premiere episode of HBO’s “Sex and the City” reboot. In the episode, Mr. Big steps on to a Peloton bike for a workout and then drops dead of a heart attack. The company did not know how its bike would be used in the show and issued a statement that blamed Mr. Big’s death on his lifestyle choices such as steakhouses and cigars. ( (New York Times)

3. NYC’s Rho, a corporate spend and cash management platform, has raised $75 million in a Series B funding. Dragoneer Investment Group led the round and was joined by DFJ Growth, M13, Inspired Capital and Torch Capital. Rho partners with various providers, including banks, to provide businesses with holistic financial services under the Rho brand. ( (TechCrunch)

4. NYC’s ButterflyMX, a developer of smart intercoms for apartment buildings, has raised $50 million in a Series D financing. JMI Equity led the round and was joined by Volition Capital, Egis Capital, and RiverPark Ventures. The company’s smart video intercom has been installed in more than 6,500 buildings and has opened over 100 million doors.” ( (PR Newswire)

5. Brooklyn’s Andie, a direct-to-consumer inclusive swimsuit brand, has raised $18.5 million in a Series B funding. Jay Z’s Marcy Venture Partners led the round and was joined by City Rock and Gaingles. Andie, which has sold more than 1 million swimsuits, plans to grow its retail presence with both pop-up and permanent locations. ( (Yahoo Life)


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6. NYC’s NYDIG, a Bitcoin technology and custodial platform for institutions, has raised $1 billion in a growth equity funding, at a $7 billion valuation. The round was led by WestCap, with participation from Bessemer Venture Partners, FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life. The company provides a suite of Bitcoin investment, brokerage, treasury, and technology solutions for institutional investors. ( (PR Newswire)

7. NYC’s Betcha Sports, a live sports social and gaming app, has been acquired by Chicago’s Vivid Seats, a ticket selling platform. The purchase price is $25 million with additional payments of up to $40 million based on future performance. Betcha Sports had previously raised $2 million from investors including Sharp Alpha Advisors. ( ( (GlobeNewswire)

8. NYC’s PetPlate, a direct-to-consumer fresh-cooked pet meal subscription service, has raised $19 million in a Series B funding. The round was led by Pendulum and was joined by D.F. Enterprises, 301 INC, Conversion Venture Capital, Marco Polo, Fernbrook Capital Management and Amity Supply. PetPlate sells ready-to-eat meals and organic treats and supplements for dogs through an online subscription service and the independent pet retail channel. ( (PR Newswire)

9. NYC’s Massive, a platform that allows app users to share unused processing power, has raised $11 million in a seed funding. The round was led by Steven Cohen’s Point72 Ventures with participation from Coinbase Ventures, Kraken Ventures, BlockTower Capital and CoinShares Ventures. App developers utilizing Massive can let their users choose to pay for premium features with leftover computing capacity. ( (PR Newswire)

10. Norwalk’s Zorus, a cybersecurity platform, has raised $9 million in a Series A funding. Asymmetric Capital Partners led the round and was joined by Innospark Ventures and General Catalyst. Zorus’ platform uses AI-based web filtering to block malware threats. ( (PR Newswire)

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The world’s only universal shopping app. nate is a venture-backed, intelligent automation, social shopping and payments startup, with offices in New York and London. nate just closed it’s series A round, raising 38MM from Renegade, Forerunner Ventures, Coatue and Canaan, among others.

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Yotpo is a leading eCommerce marketing platform on a mission to help brands of all sizes accelerate their growth through exceptional customer experiences. Yotpo secured a $230 million fundraising round in March (you can call us a unicorn our valuation is now $1.4 billion), and our primary goal is to deliver the best technology in the industry.
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Braavo provides on demand funding for mobile apps and games. We offer a flexible and affordable funding alternative to the traditional sources of capital like working with a VC or bank. We’re changing the way mobile entrepreneurs finance and grow their app businesses. Our predictive technology delivers on demand, performance-based funding, without dilution or personal guarantees. By providing non-dilutive, yet scalable alternatives to equity, we’re helping founders retain control of their companies.
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