#NYCtech Week in Review: 5/10/26 - 5/16/26
Briefly

#NYCtech Week in Review: 5/10/26 - 5/16/26
"Sandstone, an AI-native legal workflow platform that automates operations and business context management for in-house corporate legal teams, has raised $39.6M in funding according to a recent SEC filing. The filing indicates that the total offering is for $41.3M and there were thirty investors in this close. Founded by Nick Fleisher, Jarryd Strydom, and Liam Germain in 2025, Sandstone has now raised a total of $49.6M in reported equity funding."
"GovWell, an AI operating system for local government agencies that automates permitting, licensing, and administrative workflows, has raised $25M in Series A funding led by Insight Partners. Founded by Troy LeCaire, Ben Cohen in 2023, GovWell has now raised a total of $34.5M in reported equity funding."
"Novella, an AI-native wholesale insurance brokerage that provides specialty and excess-and-surplus coverage solutions for brokers with complex commercial risks, has raised $21M in Venture funding led by Brewer Lane Ventures, with participation from BoxGroup, Crystal Venture Partners, SV Angel, Avid Ventures, Verissimo Ventures, Blank Ventures, and Arch. Novella was founded by Max Kane in 2024."
"ECOncrete, a bio-enhancing marine construction company that produces ecological concrete systems for coastal, port, and offshore infrastructure, has raised $14M in Venture funding led by Builders Vision, with participation from Barclays Climate"
Sandstone, an AI-native legal workflow platform for in-house corporate legal teams, raised $39.6M based on an SEC filing, with a total offering of $41.3M and participation from thirty investors. GovWell, an AI operating system for local government agencies, raised $25M in Series A funding led by Insight Partners to automate permitting, licensing, and administrative workflows. Novella, an AI-native wholesale insurance brokerage for specialty and excess-and-surplus coverage, raised $21M in venture funding led by Brewer Lane Ventures with multiple investor participants. ECOncrete, a bio-enhancing marine construction company producing ecological concrete systems for coastal, port, and offshore infrastructure, raised $14M in venture funding led by Builders Vision with participation from Barclays Climate.
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