Impressive fundraising in the tech community - let’s hear it for New York!
New York privately-owned tech companies were second behind California for raising the most funding as reported in Form-D’s in February. Coming in at just over $150 million, funding went to 16 companies. As a New York-based startup ourselves, we thought they deserved a shout out.
Most companies who received funding are web-based startups, and Instant Information, Inc. raised the most with just under $120 million. Instant Information owns InfoNgen, a real-time discovery engine for business, finance, and information professionals. Other New York companies receiving funding included Yodle, a local online advertising provider, Fynanz, a private student lending platform, Energy Hub, which produces cost-effective energy management tools, and Tunesat, which tracks the use of music on broadcast television.
Also on the list: WebCollage, Kaltura, AlmondNet, Cellufun, Kamida (owner of Socialight), Magnify, Women on the Net, Really Simple, and Iconology.
