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Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York during January 2021. I have included some additional information such as industry, description, round type, total equity funding raised to further the analysis for the state of venture capital in NYC
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SupplyHive, a supplier performance management provider, announced Wednesday that it named Louis Sandoval as Chief Executive Officer and Director of the company.
Sandoval has over three decades of experience leading companies. He has been an entrepreneurial builder of businesses, brands and high-performing teams across technology, consumer goods and biotechnology fields. Most recently, he held a senior leadership position at Brunswick Corp., where he spearheaded the development and commercialization of a new technology brand. I am honored to lead the company as SupplyHive’s Chief Executive Officer, Sandoval said in a press release. I look forward to working closely with (Founder) Mike Anguiano, our exceptional leadership team and our entire board of directors. Together, we plan to take the company to the next phase of growth by remaining focused on applying digital innovation and operational efficiency to the supplier relationship management category and
Press release content from Business Wire. The AP news staff was not involved in its creation.
Melio Raises $110M, Reaches $1.3B Valuation as Small Businesses Digitize to Stay in Business
January 25, 2021 GMT
Left to right: COO Ziv Paz, CEO Matan Bar, CTO Ilan Atias (Photo: Business Wire)
NEW YORK & TEL AVIV, Israel (BUSINESS WIRE) Jan 25, 2021
Melio, which helps small businesses digitally manage their supplier payments, has raised a further $110 million to expand its offering across the US as the small business shift to digital solutions accelerates, rocketing to a $1.3B valuation in the process.
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Left to right: COO Ziv Paz, CEO Matan Bar, CTO Ilan Atias (Photo: Business Wire)
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Melio hits $1.3B valuation advancing B2B payments into the digital era
Just 18 months since it was founded, Israeli Fintech firm Melio Payments kicks off the new year by joining the Unicorn club. Oshry Alkeslasi / 26 Jan 2021 • 2 min read
Not even a month has gone by and we already have 2021’s first Israeli Unicorn. Fintech startup Melio Payments, which was founded just 18 months ago, continues its funding success - $140 million in September 2020 - by announcing a $110 million Series D round. The investment was led by Coatue Management, with existing investors Accel, Corner Ventures, Bessemer Venture Partners, American Express Ventures, Aleph, LocalGlobe, General Catalyst, and Salesfore. Melio joins the Unicorn club with a $1.3 billion post money valuation.
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Jan. 25, 2021
Melio, the startup that provides digital payment solutions for small businesses, finished an astounding year by raising $110 million, based on a valuation of $1.3 billion.
Melio has developed a digital platform that allows small businesses to pay their suppliers quickly and efficiently, similar to other payment applications like Bit. Most such payments are currently conducted via bank transfers or check, requiring substantial paperwork.
The company is only operating in the United States, where its owners estimate about 40% of deals are still done using paper checks, after which a small business owner has to register the transaction into accounting software. Melio digitizes such activities.