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New York

Okapi's $5.5 million financing tops recent funding news in New York

New York-based asset management and property management company Okapi has secured $5.5 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 26 and financed by Marius Nacht.

According to its Crunchbase profile, "Okapi helps owners and operators increase NOI by improving tenant experience, optimizing rent and occupancy, reducing costs and leveraging machine learning algorithms to create real-time, actionable and personalized notifications for asset management, property management and engineering teams."

The two-year-old startup also raised a $4.3 million seed round in 2017.

The round brings total funding raised by New York companies in real estate over the past month to $90 million. The local real estate industry has seen 112 funding rounds over the past year, securing a total of $9.1 billion in venture funding.

In other local funding news, cloud security company BetterCloud announced a $5 million corporate round on Sept. 25, financed by Dropbox.

According to Crunchbase, "BetterCloud is the first SaaS operations management platform, empowering IT to define, remediate and enforce management and security policies for SaaS applications."

Founded in 2011, the company has raised six previous rounds, including a $60 million Series E round in 2018.

Meanwhile, bitcoin and compliance company Elementus raised $3.5 million in seed funding, announced on Sept. 23.

From the company's Crunchbase profile: "Elementus is a protocol and platform that enables combining, analyzing and programming on data from any non-private blockchain."

Elementus last raised $800,000 in pre-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.