New York-based web development and online forums company Spot.IM has secured $25 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 30 and led by Insight Partners.
According to its Crunchbase profile, "Spot.IM's mission is to create exceptional technology that empowers digital media publishers to develop meaningful and monetizable online communities for their readers within their owned and operated web space. Our enterprise software platform helps the world’s biggest online publishers form independent communities around their distinct content, quickly bolstering their overall engagement and social interactions. We connect millions of unique users a month across leading digital media publishers including Hearst, Sky Sports, Fox News, AOL, Uproxx, IFLScience, US Magazine and many more."
The seven-year-old company has raised two previous funding rounds, including a $25 million Series C round in 2017.
The round brings total funding raised by New York companies in community and lifestyle over the past month to $43 million. The local community and lifestyle industry has produced 70 funding rounds over the past year, securing a total of $779 million in venture funding.
In other local funding news, marketing and e-commerce company Web2ship.com announced a seed funding round on April 29, financed by Chinaccelerator.
According to Crunchbase, "Web2ship.com is providing postal and courier services online to end users who send ad-hoc shipments to their friends and relatives and small- and medium-size e-tailers who sell on their own websites or on well-known online marketplaces with order management tools, competitive rates and automation."
Founded in 2007, the company has raised two previous rounds, including a seed round earlier this year.
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