New York is an adtech and ecommerce town edition…
Armed with some publicly available data from our friends at CrunchBase, we’ve broken down the 10 largest Series B rounds of all time in NYC. I have included some additional information as well, such as year of funding, industry, investors in the round, and current status of the company, to further the analysis. In order to maintain a focus on conventional tech startups, pharmaceutical and biotech companies were removed from the data.
Quick Findings:
The largest Series B round in NYC history took place in 2014 TWEET THIS
First Round Capital took part in 6 of the top 10 Series B financings in NYC TWEET THIS
The largest Series B round in NYC history is in healthcare space TWEET THIS
The largest series B round in NYC is larger than the #2 and #3 combined. TWEET THIS
4 of the largest Series B rounds in NYC are in the #adtech space. TWEET THIS
5 of the largest Series B rounds in NYC are in the #ecommerce space. TWEET THIS
2 of these companies were acquired, 2 are hanging by the thread, the rest remain active.
CLICK HERE TO SEE THE 10 LARGEST SERIES B ROUNDS IN NYC HISTORY
10. DGIT $30M (2007)
Industry:
Advertising
Investors in the Round:
Accel Partners
Khosla Ventures
Data Collective
First Round
Total Capital raised:
$38M
Current status:
A number of business units of DGIT was acquired by Extreme Reach in 2014
9. Purch $33M (2011)
Industry:
Advertising
Investors in the Round:
Village Ventures
ABS Capital Partners
Highway 12 Ventures
Total Capital raised:
$40.5M
Current status:
Active
8. ADKEEPER $35M (2011)
Industry:
Advertising
Investors in the Round:
DCM
Oak Investment Partners
Spark Capital
True Ventures
First Round
Total Capital raised:
$43M
Current status:
This company pivoted into keep.com in 2014.
8. MemSQL $35M (2014)
Industry:
Analytics
Investors in the Round:
Accel Partners
Khosla Ventures
Data Collective
First Round
Total Capital raised:
$45M
Current status:
Active
7. Aereo $38M (2013)
Industry:
Video
Investors in the Round:
FirstMark Capital
IAC
Highland Capital Partners
Total Capital raised:
$97M
Current status:
Hanging by a thread.
6. Fab $40M (2011)
Industry:
E-Commerce
Investors in the Round:
First Round
Menlo Ventures
SoftTech VC
Baroda Ventures
Andreessen Horowitz
Total Capital raised:
$336.3M
Current status:
Active for now.
6. Nomorerack.com $40M (2013)
Industry:
E-Commerce
Investors in the Round:
Oak Investment Partners
HTV Industries
Total Capital raised:
$52M
Current status:
Active
6. Squarespace $40M (2014)
Industry:
Software
Investors in the Round:
General Atlantic
Total Capital raised:
$78.5M
Current status:
Operational
5. Warby Parker $41.5M (2013)
Industry:
E-Commerce
Investors in the Round:
American Express
Millard Drexler
Red Swan Ventures
General Catalyst Partners
MentorTech Ventures
Spark Capital
Total Capital raised:
$115.5M
Current status:
The company is operational and private.
4. Gilt Groupe $43M (2009)
Industry:
E-Commerce
Investors in the Round:
Matrix Partners
General Atlantic
Total Capital raised:
$236M
Current status:
The company is operational and private.
3. Right Media $45M (2006)
Industry:
Advertising
Investors in the Round:
Yahoo!
Total Capital raised:
$45M
Current status:
Right media was acquired by Yahoo in 2007.
2. Birchbox $60M (2014)
Industry:
E-Commerce
Investors in the Round:
Glynn Capital Management
Consigliere Brand Capital, LLC
Aspect Ventures
Accel Partners
First Round
Viking Global Investors
Total Capital raised:
$71.9M
Current status:
The company is operational and private.
1. Flatiron Health $130M (2014)
Industry:
Health and Wellness
Investors in the Round:
Laboratory Corporation of America
First Round
Google Ventures
Total Capital raised:
$138M
Current status:
The company is operational and private.
