Collectively, five New York tech companies raised $1.18 billion in March, with several companies significantly raising their valuations. One company is even nearing decacorn status. Read on to see which companies made the list this month.
#5. $150 million, March 17
Optimism, an Ethereum scaling company, gained $150 million in a Series B round co-led by Paradigm and Andreessen Horowitz. The funding brought the company’s valuation to $1.65 billion.
#4. $180 million, March 22
Jeeves’ valuation soared to $2.1 billion after raising a $180 million Series C round led by Tencent. Jeeves provides businesses with an all-in-one card that operates across currencies and countries to cover corporate expenses. The fresh funding will go toward product development, hiring and launching into other markets.
#2 (tied). $200 million, March 23
Ramp provides corporate cards to help companies manage their finances. A funding round led by Founders Fund brought the company’s valuation to a whopping $8.1 billion, inching closer to decacorn status. This capital will be used for hiring, exploring acquisitions and mergers and opening a new office.
#2 (tied). $200 million, March 8
Cybersecurity startup Axonius’ technology integrates with hundreds of security and management tools and serves customers such as The New York Times and Landmark Health. Axonius raised a Series E round that will be used to expand into Asia and Latin America. The company also plans to hire 150 employees this year.
#1. $450 million, March 15
ConsenSys gained $150 million in a Series D round led by ParaFi Capital that brought its valuation to over $7 billion. ConsenSys is a Blockchain software and Ethereum infrastructure company that will use its latest funding to add to its team and expand its MetaMask crypto wallet.
