August 2018 was the single greatest month for NYC startup funding, with total funding crossing the $2B mark! Armed with some data from our friends at CrunchBase, I broke down the 10 largest NYC Startup funding rounds in New York during the month of August and these 10 rounds represent over $1.8B in aggregate funding. I have included some additional information such as industry, brief company description, round type, total equity funding raised, funding details, and links to AlleyWatch full coverage to further the analysis for the state of venture capital in NYC. To maintain a focus on tech-enabled startups, real estate were excluded.
USE THE ARROWS BELOW TO SEE THE TOP 10 ROUNDS FROM AUGUST 2018
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
10. Care/of $29M
Round: Series B
Description: Care/of is a healthcare technology company dedicated to simplifying consumer health, starting with a fully personalized vitamin pack.
Industry: Consumer Goods, Health Care, Subscription Service, Wellness
Total equity funding: $46M
Funding Details: Personalized vitamin startup Care/ of has raised $29M in Series B funding from investors that include Goodwater Capital, Juxtapose, and Goldman Sachs Investment Partners. Founded by Akash Shah and Craig Elbert in 2016, Care/of has now raised a total of $46M in funding over four funding rounds.
9. Magnolia NeuroSciences $31M
Round: Series A
Description: Magnolia NeuroSciences discovers and develops drug-like small molecule therapeutics for the prevention of neuronal cell death.
Industry: Biotechnology, Health Care, Neuroscience, Wellness
Total equity funding: $31M
Funding Details: Magnolia NeuroSciences, the biotech company that’s focused on molecule therapeutics for the prevention of neuronal cell death, has raised $31M in Series A funding from investors that include AbbVie Ventures, ARCH Venture Partners, Eli Lilly and Company, Innovative NY Fund, The Partnership Fund for New York City, Pfizer Ventures, Watson Fund, WuXi AppTec’s Corporate Venture Fund and 180 Degree Capital Corp. The company is jointly founded by Accelerator Life Science Partners and MD Anderson Cancer Center.
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
8. Axoni $32M
Round: Series B
Description: Axoni is a provider of distributed-ledger technology for financial institutions and capital markets service providers.
Industry: Analytics, Financial Services, Information Technology
Total equity funding: $53M
Funding Details: Axoni, the provider of blockchain solutions for the financial services industry, has raised $32M in Series B funding from investors that include Y Combinator, Goldman Sachs, Andreessen Horowitz, F-Prime Capital Partners, Digital Currency Group, JP Morgan Chase & Co., Citigroup, Wells Fargo, Coatue Management, Nyca Partners, Franklin Templeton Investments, NEX Group. Founded by Greg Schvey and Jeff Schvey in 2013, Axoni has now raised a total of $53M.
8. Dynamic Yield $32M
Round: Series D
Description: Dynamic Yield provides personalization, recommendations, 1:1 messaging, and yield optimization across web, mobile, and email.
Industry: Advertising, Artificial Intelligence, Collaboration, Enterprise Software, Marketing Automation, Messaging, Personalization, Predictive Analytics, Publishing, Retail Technology
Total equity funding: $77.25M
Funding Details: Omnichannel personalized marketing platform Dynamic Yield has raised an additional $32M in Series D funding from investors that include Viola Growth and Union Tech Ventures. Founded by Liad Agmon and Omri Mendellevich in 2011, Dynamic Yield has now raised a total of $77.3M in funding over six funding rounds.
Full coverage on Alleywatch: This NYC Startup Raised $32M to Allow Marketers to Make Your Online Experience Truly Personalized
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
7. Capsule $50M
Round: Series B
Description: Capsule is a healthcare technology company that reconnects medication to the healthcare system.
Industry: Health Care, Pharmaceutical, Retail
Total equity funding: $70M
Funding Details: Online pharmacy Capsule has raised $50M in Series B funding led by Thrive Capital and Glade Brook Capital with participation from existing investors. Founded by Eric Kinariwala in 2016, Capsule has now raised $70M in reported funding.
Full coverage on Alleywatch: Capsule Raises $50M to Modernize The Pharmaceutical Experience
6. Namely $60M
Round: Series E
Description: Namely is an all-in-one platform that manages all HR data in one place, with personalized service to help companies get better and faster.
Industry: Enterprise Software, Human Resources, Management Information Systems, Software
Total equity funding: $217.8M
Funding Details: HR Platform Namely has raised $60M in funding led by GGV Capital. Also participating in the round were Sequoia Capital, Matrix Partners, and True Ventures. Namely, founded by ousted CEO Matt Straz in 2012, has now raised a total of $217.8M in funding over eleven funding rounds.
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
5. Latch $70M
Round: Series B
Description: Latch makes access easier for everyone at a modern building.
Industry: Apps, Hardware, Security, Smart Home, Software
Total equity funding: $96M
Funding Details: Latch, the smart access solution for buildings powered by hardware and software, has raised $70M in Series B funding from investors that include Brookfield Ventures, Lux Capital, RRE Ventures, Primary Venture Partners, Third Prime, Camber Creek, Corigin Ventures, Tishman Speyer, and Balyasny Asset Management. Founded in 2014 by Brian Jones, Luke Schoenfelder, and Thomas Meyerhoffer, Latch has now raised a total of $96M in funding over four funding rounds.
Full coverage on Alleywatch: This NYC Startup Just Raised $70M For the Smart Lock of the Future
4. Boxed $111M
Round: Series D
Description: Boxed is a commerce company focused on delivering the big box club experience.
Industry: Apps, E-Commerce, Grocery, Mobile, Shopping, Software, Wholesale
Total equity funding: $243.6M
Funding Details: Bulk grocery delivery startup Boxed has raised $111M in Series D funding led by Aeon with participation from Alpha Square Group, CDIB Capital, Gabriel Naouri, and existing investors. Boxed, founded in 2013 by Chieh Huang, Christopher Cheung, Jared Yaman, and William Fong, has now raised a total of $243.6M in funding over five funding round
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
3. Oscar Health $375M
Round: Venture
Description: Oscar is a health insurance company that employs technology, design, and data to humanize health care.
Industry: Health Care, Information Technology, Insurance, InsurTech
Total equity funding: $892.5M
Funding Details: Oscar Health has raised an additional $375M in funding from Alphabet. Founded by Joshua Kushner, Kevin Nazemi, and Mario Schlosser in 2013, Oscar Health has now raised a total of $1.3B in funding as its valuation approaches north of $5B.
2. Letgo $500M
Round: Series E
Description: Letgo is a second-hand shopping app that helps users buy and sell locally.
Industry: Apps, E-Commerce, Marketplace, Shopping
Total equity funding: $975M
Funding Details: Online marketplace letgo has raised an additional $500M in funding from Naspers. The funding comes in tranches and letgo has received $150M initially. Letgo was founded by Alec Oxenford, Enrique Linares, and Jordi Castello in 2015 and has now raised a total of $975M.
Full coverage on Alleywatch: This NYC Startup Just Raised $500M for its Easy-to-Use Marketplace For Selling Items Locally
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
1. Peloton $550M
Round: Series F
Description: Peloton uses technology and design to connect the world through fitness, empowering people to be the best version of themselves.
Industry: Content, Cycling, Fitness, Hardware, Video Streaming
Total equity funding: $994.4M
Funding Details: Fitness company Peloton has raised a whopping $550M in Series F funding from investors that include Kleiner Perkins Caufield & Byers, True Ventures, TCV, Tiger Global Management, Wellington Management, Fidelity Management and Research Company, Felix Capital, NBCUniversal, Balyasny Asset Management, and Winslow Capital. Peloton was founded by Graham Stanton, John Foley, Tom Cortese, and Yony Feng in 2012 and has now raised a total of $994.7M in funding over eight rounds.
The AlleyWatch audience is driving progress and innovation on a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale. Find out more here.
