New York-based audio company Luminary Media has secured $60 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 4 and financed by New Enterprise Associates.
According to its Crunchbase profile, "Luminary Media, a venture-backed company, is an Internet-based audio entertainment subscription service. The company's mission is to inform, educate and entertain the world by building a podcast ecosystem that aims to bring together listeners and creators on an elegantly designed platform with industry-leading innovation."
The one-year-old startup also raised a $40 million round in 2018.
The round brings total funding raised by New York companies in media and entertainment over the past month to $113 million. The local media and entertainment industry has seen 139 funding rounds over the past year, yielding a total of $2.9 billion in venture funding.
In other local funding news, career planning company Landit announced a $13 million Series A funding round on Feb. 26, led by WeWork.
According to Crunchbase, "Landit is a technology platform that increases the success and engagement of women and diverse groups in the workplace. The market leader in personalized career pathing, Landit creates a turnkey 'one-size-fits-one' solution that enables enterprises to attract, develop and retain high-potential diverse talent. Landit provides each member with a personalized playbook that empowers them with the tools, resources, know-how and human connections they need to advance and navigate their career path."
Founded in 2014, the company has raised two previous rounds, including a $2.6 million seed round in 2018.
Meanwhile, local youth education company Launch Kids raised $12 million in corporate round funding, announced on Feb. 27. The round was financed by Foot Locker.
From the company's Crunchbase profile, "Launch Kids provides toddlers to tweens with inspiring math instruction and STEM-based camps and workshops. Launch offers a unique approach to math and science education by providing kids with tangible links between the science of everyday life and the world of mathematics to successfully stimulate a child’s motivation to learn. At LAUNCH, children learn the relevance of math in the real world."
Launch Kids last raised $6 million in funding in 2016.
Also of note, cryptocurrency company Tagomi Systems raised $12 million in funding, announced on March 4 and led by Paradigm.
From Crunchbase, "Tagomi combines institutional-grade services with superior execution technology for digital assets and cryptocurrencies. Our products will provide operational ease and reduce trading costs so you keep more of your returns."
The company previously raised $15 million in funding in 2018.
Rounding out the city's recent top local funding events, medication delivery platform Zipdrug raised $10 million in funding, announced on Feb. 15 and led by Compound.
From Crunchbase, "Health plans partner with Zipdrug to transfer eligible members’ recurring prescriptions from big chain and other non-preferred incumbent pharmacies to Zipdrug’s network of preferred pharmacies that offer the lowest Rx cost, best quality of care and highest likelihood of adherence. Zipdrug pharmacies compete for market-share on quality, cost, experience and adherence. All prescription data, transfers and patient communications are conducted on Zipdrug’s platform, CareControl."
The company previously raised seed funding in 2017.
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