New York-based property management company Blueground has secured $50 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 23.
According to its Crunchbase profile, "Blueground is a real estate tech company that wants to make people feel at home wherever they choose to live. The company offers beautifully furnished and thoughtfully equipped apartments for a month, a year or even more."
The six-year-old company has raised four previous funding rounds, including a $20 million round in 2018.
The round brings total funding raised by New York companies in real estate over the past month to $85 million. The local real estate industry has produced 109 funding rounds over the past year, raking in a total of $8.6 billion in venture funding.
In other local funding news, music and social network company Triller announced a $28 million Series B funding round on Oct. 23.
According to Crunchbase, "Triller is an AI-powered music video app and talent discovery platform that allows users to create professional-looking videos in a matter of seconds."
Founded in 2015, the company has raised three previous rounds, including a $5 million Series A round in 2018.
Meanwhile, infrastructure and open source company Grafana Labs raised $24 million in Series A funding, announced on Oct. 24.
From the company's Crunchbase profile: "Grafana is an open-source analytics and monitoring solution for every database. Grafana offers application analytics visualization services and features graphing, styling, template variables, panels and themes."
Grafana Labs last raised $1.2 million in funding in 2018.
Also of note, banking company Current raised $20 million in Series B funding, announced on Oct. 24 and financed by Wellington Management.
From Crunchbase: "Current is a financial technology company that provides collaborative banking solutions. Current’s Personal Checking gets you paid quicker with direct deposit up to two days early and instant gas hold credits. Teen Banking is a smart debit card and app for parents to provide better financial education and independence for their kids."
The company previously raised Series A funding earlier this year.
Rounding out the city's recent top local funding events, freelance company Cogni raised $5.4 million in seed funding, announced on Oct. 23 and led by Guggenheim Partners.
From Crunchbase: "In today’s world, where people’s lifestyles, work patterns and shopping habits are evolving, many industries have seized the opportunity to embrace new technologies and deliver forward-thinking services to meet the demands and expectations of the next generation of consumers. Other categories, most notably financial services and banking, have remained stagnant and done very little to put themselves in a position to build lasting relationships with younger audiences. Seeing these missed opportunities, a new breed of digital-first banks has come online."
The company previously raised $1.7 million in seed funding in 2018.
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