Armed with some data from our friends at CrunchBase, I broke down the 10 largest rounds in New York during the month of May. I have included some additional information such as industry, round type, investors in the round, and date of funding to further the analysis for the state of venture capital in NYC. It was a great month in NYC startup funding with over $900M raised. To maintain a focus on tech-enabled startups, real estate and biotech companies were excluded.
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- cheddar $19,000,000
Round: Series C
Industry/Focus: Media and Entertainment, Video, Video Streaming
Announced on: 5/17
Investors in the round: Lead – Raine Ventures, AT&T, Comcast Ventures, Amazon, New York Stock Exchange (NYSE), Altice, Ribbit Capital, Lightspeed Venture Partners
- Axoni $20,000,000
Round: Series A
Industry/Focus: Analytics, Financial Services, Information Technology
Announced on: 5/11
Investors in the round: Lead – Wells Fargo & Company, Lead – Euclid Opportunities, Goldman Sachs, FinTech Collective, Andreessen Horowitz, JP Morgan, Thomson Reuters, Digital Currency Group, Citigroup, F-Prime Capital Partners
- Away $20,000,000
Round: Series B
Industry/Focus: Consumer, E-Commerce, Manufacturing
Announced on: 5/19
Investors in the round: Lead – Global Founders Capital, Forerunner Ventures, Comcast Ventures, Accel Partners
- Capsule $20,000,000
Round: Venture
Industry/Focus: Pharmaceutical
Announced on: 5/10
Investors in the round: Lead – Thrive Capital, Sound Ventures, Virgin Group
- Cockroach Labs $27,000,000
Round: Series B
Industry/Focus: Database, Enterprise Software, Open Source
Announced on: 5/10
Investors in the round: Lead – Redpoint, GV, Benchmark, Index Ventures, FirstMark Capital
- PolicyGenius $30,000,000
Round: Series C
Industry/Focus: Education, Finance, Insurance
Announced on: 5/24
Investors in the round: Lead – Norwest Venture Partners – NVP, Revolution Ventures
- BounceX $31,000,000
Round: Series B
Industry/Focus: Analytics, Enterprise Software, Marketing, SaaS
Announced on: 5/23
Investors in the round: Lead – Silicon Valley Bank
- ServiceChannel $54,000,000
Round: Venture
Industry/Focus: Enterprise, Facility Management, Information Services, Internet, SaaS
Announced on: 5/2
Investors in the round: Lead – Accel Partners
- Spring Inc $65,000,000
Round: Series C
Industry/Focus: Apps, E-Commerce, Internet, Retail, Shopping
Announced on: 5/11
Investors in the round: Lead – Fidelity Investments, Groupe Arnault, BoxGroup, Thrive Capital
- Convene $68,000,000
Round: Series C
Industry/Focus: Enterprise Software, Events, Information Technology, Meeting Software
Announced on: 5/1
Investors in the round: Lead – Conversion Ventures LLC, Lead – ArrowMark Partners, The Durst Organization, Elysium Capital Management
- Kobalt $75,000,000
Round: Series D
Industry/Focus: Independent Music, Marketing, Music
Announced on: 5/7
Investors in the round: Lead – Hearst Entertainment, MSD Capital, Balderton Capital
- Peloton $325,000,000
Round: Series E
Industry/Focus: Cycling, Fitness, Video Streaming
Announced on: 5/24
Investors in the round: Lead – Kleiner Perkins Caufield & Byers, Lead – True Ventures, Lead – Fidelity Investments, Lead – Wellington Management, QuestMark Partners, Balyasny Asset Management, GGV Capital, Comcast NBC Universal
