Manhattan-based pill dispensing startup bags $12 million in funding

The New York pill dispensing startup Hero has secured $12 million in its latest round of funding, according to Crain’s New York Business and a company announcement. The sizable funding round came thanks to the efforts of Brainchild Holdings, which the investment firm of Hero CEO Kal Vepuri. Additional funding was from Naval Ravikant, Box Group, Third Kind Venture Capital and Refactor Capital. Hero’s main product is a countertop device that dispenses up to 10 different medications for the exact amounts and…

Startups in New York City have raised $9 billion so far this year

Though there has been a lot of talk about the potential of New York City when it comes to the field of startups, the city is showing its already bringing in big investments. A new report from the website Inc shows that, so far in 2018, New York City-based startups have combined to raise more than $9 billion in investments. This means that these companies in New York are on pace to eclipse the mark of $12 billion that they…