Recent venture capital funding highlights for NYC startups include Rain, a stablecoin-powered card issuance platform, which secured $24.5 million led by Norwest Venture Partners. Founded by Farooq Malik and Charles Naut in 2021, this funding expands their financial capabilities. Additionally, Flagship, a data science platform for retailers, raised $5 million according to SEC filings. Founded in 2019 by Alex Jofe and Justin Abrams, this brings their total funding to $17.9 million, reflecting a growing interest in data-driven retail technologies.
Rain, a card issuing platform powered by stablecoins, has raised $24.5M in Venture funding led by Norwest Venture Partners, marking a significant expansion in fintech.
Flagship has raised $5M in funding for its data science intelligence platform, bringing total equity funding to $17.9M, showcasing growth in retail tech.
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