New York-based commercial real estate company VTS has secured $90 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 7.
According to its Crunchbase profile, "Founded with a mission to revolutionize commercial real estate through innovation, VTS is the industry's leading leasing and asset management platform. By centralizing all of their critical data and workflows in one place, VTS empowers landlords and brokers to better attract, convert and retain their most valuable asset – tenants. Over 7 billion square feet is managed on the VTS platform by a user base exceeding 28,000."
The eight-year-old company has raised seven previous funding rounds, including a $55 million Series C round in 2016.
The round brings total funding raised by New York companies in financial services over the past month to $622 million, and increase of $139 million from the month before. The local financial services industry has produced 268 funding rounds over the past year, yielding a total of $9.2 billion in venture funding.
In other local funding news, nutrition company Noom announced a $58 million Series E funding round on May 6, led by Sequoia Capital.
According to Crunchbase, "Noomi provides mobile health coaching, focused on combating chronic and pre-chronic conditions such as obesity, diabetes and hypertension. It combines the power of technology with the empathy of real human coaches to deliver successful behavior change at scale. Noom's direct-to-consumer weight loss and exercise tracking mobile applications have reached more than 47 million users worldwide."
Founded in 2008, the company has raised five previous rounds, including a $14 million Series D round in 2018.
Meanwhile, impact investing and social entrepreneurship company WorldCover raised $6 million in Series A funding, announced on May 3. The round's investors were led by MS&AD Ventures.
From the company's Crunchbase profile, "WorldCover protects farmers around the world from droughts, by offering satellite-enabled insurance delivered with mobile money. Founded by MIT computer science and finance professionals, WorldCover is building an insurance platform to address the $100 billion in climate risks facing the world today. WorldCover's platform improves food and income security for smallholder farmers in developing countries."
WorldCover last raised seed funding in 2018.
Also of note, wellness company Journey Meditation raised $2.4 million in seed funding, announced on May 8 and led by Canaan Partners.
From Crunchbase, "Journey is a simple meditation practice designed for the modern world, providing on-demand and live-streamed meditation courses. Journey was created to share meditation in a way that all people could relate to, wherever they are in life. It has created a simple yet powerful technique that could appeal to a large-scale audience, changing a lot of people’s lives."
The company previously raised $200,000 in seed funding in 2018.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
