Nyca Partners related stories
All articles and analysis
SigFig raises $40 mln in financing from VCs, institutional investorsSan Francisco-based wealth management technology platform SigFig raised $40 million in financing. Venture capital firms Bain Capital Ventures, DCM Ventures, Nyca Partners, and Union Square Ventures participated, along with institutional investors including New York Life, Santander InnoVentures, and UBS. SigFig's total funding is now more than $70 million.
- Canaan leads funding of insurtech company Embroker
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
- Canaan leads funding of insurtech company Embroker
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
- Lending Club Chairman & CEO Laplanche resigns
Lending Club said May 9 that it accepted the resignation of its Chairman and CEO Renaud Laplanche. Scott Sanborn will continue in his role of President and will become acting CEO. Hans Morris, a Lending Club director, has assumed the newly created role of Executive Chairman. Lending Club said Laplanche’s resignation followed an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor's express instructions as to a non-credit and non-pricing element, in March and April 2016.
Thomvest Ventures joins Zendrive's $13.5 mln Series A roundSan Francisco-based mobile technology company Zendrive has obtained US$13.5 million in a Series A financing, bringing its total investment to US$15 million. The latest round was led by Shervin Pishevar of Sherpa Capital. Other investors included Thomvest Ventures, the US$250 million venture capital fund of Canada's Peter Thomson, as well as Nyca Partners and First Round Capital. Zendrive's technology leverages mobile sensor data to provide insights that improve safety for car passengers and drivers. It will use the new funds to grow its team and continue product development.
- Sherpa Capital leads $13.5 mln Series A for Zendrive
Zendrive, a mobile technology company that collects data and analytics on drivers’ behavior, raised $13.5 million in Series A funding. Shervin Pishevar of Sherpa Capital led the round with participation from Nyca Partners, Thomvest Ventures, BMW i Ventures and others. The round brings Zendrive’s total investment up to $15 million.
- Mirador scores $7 mln Series A
Portland, Oregon-based Mirador, a lending-as-a-service provider, has closed $7 million in Series A funding. Core Innovation Capital led the round with participation from Nyca Partners, Jump Capital, Collaborative Fund, Wicklow Capital and Crosslink Capital
- Bain Capital Ventures leads $225 mln round for AvidXchange
Charlotte, North Carolina-based AvidXchange, a provider of accounts payable and payment automation, has closed $225 million in funding. Bain Capital Ventures led the round with participation from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special Situations Partners. In addition to the funding, Matt Harris, managing director of Bain Capital Ventures, Brad Feld, co-founder of Foundry Group and Techstars, and Hans Morris, managing partner at Nyca Partners, have been added to AvidXchange's board of directors.
- Thrive Capital leads $30 mln round for Orchard Platform
Orchard Platform said Thursday it raised $30 million in Series B funding led by Thrive Capital. Also participating were Jon Winkelried, Former President & Co-Chief Operating Officer of Goldman Sachs, Victory Park Capital, Thomvest Ventures, as well as existing investors including Spark Capital, Canaan Partners, QED Investors, Nyca Partners, Conversion Capital, John Mack, and Tom Glocer. New York-based Orchard is a technology and infrastructure provider for marketplace lending.
- Payoneer nabs $50 mln
New York-based payments platform Payoneer Inc has secured $50 million in funding. Wellington Management Company led the round with participation from other investors that included Susquehanna Growth Equity LLC.