As AlleyWatch opens up nominations for the 2019 NYC Fintech Influencers feature, we take a look at the 14 largest FinTech startup funding rounds in NYC history using some data from our friends at Crunchbase. In addition to dollar amount of the round, I have included industry focal point, round type, date of funding, year of founding, investors in the round, and total capital raised to further the analysis. This list only contains venture financings and does not include private equity and debt rounds.
Author’s note – This analysis covers the time period from 200BC to 3/31/2019.
CLICK HERE TO SEE THE 14 LARGEST NYC FINTECH STARTUP FUNDING ROUNDS OF ALL TIME
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
14. TradeBlock $32.66M
Round: Venture
Description: TradeBlock is the world’s leading provider of institutional trading tools for digital currencies. TradeBlock was founded by Greg Schvey and Jeff Schvey in 2013.
Date of funding: 8/16/18
Founders: Greg Schvey, Jeff Schvey
Year founded: 2013
Industry: Bitcoin, Cryptocurrency, Financial Services, FinTech
Total equity funding raised: $53.13M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
13. AlphaSense $33M
Round: Venture
Description: AlphaSense is the intelligent Search Engine that provides sophisticated semantic analytics to give you an unprecedented information edge.. AlphaSense was founded by Jack Kokko and Raj Neervannan in 2010.
Date of funding: 3/6/16
Founders: Jack Kokko, Raj Neervannan
Year founded: 2010
Industry: Analytics, Artificial Intelligence, Finance, FinTech, Information Technology, Search Engine, Software
Total equity funding raised: $35M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
12. Axoni $36M
Round: Series B
Description: 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. Axoni was founded by Greg Schvey and Jeff Schvey in 2013.
Date of funding: 8/14/18
Founders: Greg Schvey, Jeff Schvey
Year founded: 2013
Industry: Analytics, Financial Services, Information Technology
Total equity funding raised: $57M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
11. Pico Quantitative Trading $37.4M
Round: Series C
Description: Pico is a financial technologies services firm. Pico Quantitative Trading was founded by Jarrod Yuster in 2009.
Date of funding: 3/1/17
Founders: Jarrod Yuster
Year founded: 2009
Industry: Asset Management, Financial Services, Service Industry
Total equity funding raised: $37.4M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
10. Digital Asset $40M
Round: Series B
Description: Digital Asset reduces Settlement Latency and Counterparty Risk. Digital Asset was founded by Don Wilson and Sunil Hirani in 2014.
Date of funding: 10/16/17
Founders: Don Wilson, Sunil Hirani
Year founded: 2014
Industry: Finance, Financial Services, FinTech, Risk Management
Total equity funding raised: $107.2M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
9. MoneyLion $42M
Round: Series B
Description: MoneyLion, the personal finance and consumer lending platform, has raised $42M in Series B funding from investors that include Edison Partners, Greenspring Associates, FinTech Collective, Danhua Capital, and Grupo SURA. MoneyLion was founded by Chee Mun Foong, Diwakar Choubey, and Pratyush Tiwari in 2013.
Date of funding: 1/4/18
Founders: Chee Mun Foong, Diwakar Choubey, Pratyush Tiwari
Year founded: 2013
Industry: Artificial Intelligence, Consumer Lending, Credit, Financial Services, FinTech
Total equity funding raised: $67.5M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
8. Forter $50M
Round: Series D
Description: Forter offers a fraud solution that helps retailers grow sales, lower costs, and improve customer experience via its Decision as Service. Forter was founded by Alon Shemesh, Liron Damri, and Michael Reitblat in 2013.
Date of funding: 9/26/18
Founders: Alon Shemesh, Liron Damri, Michael Reitblat
Year founded: 2013
Industry: Analytics, E-Commerce, FinTech, Fraud Detection, SaaS
Total equity funding raised: $100M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
8. CommonBond $50M
Round: Series D
Description: CommonBond, the student loan lending platform, has raised $50M in Series D funding from investors that include August Capital, Nyca Partners, Tom Glocer, Vikram Pandit, Fifth Third Capital, Neuberger Berman Group, First Republic Bank, and Columbia Seligman Investments.
Date of funding: 3/21/18
Founders: David Klein, Jessup Shean, Michael Taormina
Year founded:
Industry: Education, Finance, Financial Services, Internet
Total equity funding raised: $128.7M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
7. Vela $53M
Round: Venture
Description: Vela is a leading provider of trading and market access technology for global multi-asset electronic trading. Vela was founded by Dipanjan Chatterjee and Srinivasan Ramiah in 2007.
Date of funding: 1/9/13
Founders: Dipanjan Chatterjee, Srinivasan Ramiah
Year founded: 2007
Industry: Enterprise Software, Information Technology, Trading Platform
Total equity funding raised: $53M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
6. Trumid Financial $60M
Round: Venture
Description: Trumid Financial, a trading platform for credit products, raised $53M in funding from an impressive roster of investors including Peter Thiel, Deutsche Borse, George Soros, and Singapore Exchange Limited. Trumid Financial was founded by Ronnie Mateo in 2014.
Date of funding: 9/18/18
Founders: Ronnie Mateo
Year founded: 2014
Industry: Electronics, FinTech, Marketplace, Trading Platform
Total equity funding raised: $142.25M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
5. YieldStreet $62M
Round: Series B
Description: Alternative investment platform YieldStreet has raised an additional $62M in Series B funding from investors that include Edison Partners, Greenspring Associates, and Raine Ventures. YieldStreet was founded by Dennis Shields, Michael Weisz, and Milind Mehere in 2015.
Date of funding: 2/26/19
Founders: Dennis Shields, Michael Weisz, Milind Mehere
Year founded: 2015
Industry: Finance, Financial Services, FinTech, Wealth Management
Total equity funding raised: $78.5M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
4. Paxos $65M
Round: Series B
Description: Paxos, the fintech company bringing blockchain solutions to financial institutions, has raised $65M in Series B funding frominvestors that include RRE Ventures and Liberty City Ventures. Paxos was founded by Charles Cascarilla and Richmond Teo in 2012.
Date of funding: 5/31/18
Founders: Charles Cascarilla, Richmond Teo
Year founded: 2012
Industry: Finance, Financial Services, FinTech
Total equity funding raised: $93.25M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
4. Stash $65M
Round: Series E
Description: Digital investment platform Stash has raised an additional $65M in Series E funding led by Breyer Capital. Stash was founded by Brandon Krieg, David Ronick, Ed Robison, and Edward Robinson in 2015.
Date of funding: 3/12/19
Founders: Brandon Krieg, David Ronick, Ed Robison, Edward Robinson
Year founded: 2015
Industry: Finance, Financial Services, FinTech, Personal Finance
Total equity funding raised: $181.25M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
4. Cadre $65M
Round: Series C
Description: Cadre is an online marketplace that connects investors and operators of real estate. Cadre was founded by Ryan Williams in 2014.
Date of funding: 6/6/17
Founders: Ryan Williams
Year founded: 2014
Industry: Financial Services, FinTech, Marketplace, Real Estate
Total equity funding raised: $133.3M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
3. Betterment $70M
Round: Series E
Description: Betterment, the goal-based online investment company, raised $70M in Series E funding led by Kinnevik AB with participation from Francisco Partners, Menlo Ventures and Bessemer Venture Partners. Betterment was founded by Eli Broverman and Jon Stein in 2008.
Date of funding: 7/21/17
Founders: Eli Broverman, Jon Stein
Year founded: 2008
Industry: Finance, Financial Services, FinTech, Impact Investing, Internet
Total equity funding raised: $275M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
2. Better.com $75M
Round: Series C
Description: Better.com is rebuilding the home mortgage process through its online portal that digitizes every part of the process and raised $70M in Series C led by American Express Ventures and Healthcare of Ontario Pension Plan (HOOPP) and including participants such as Kleiner Perkins, Pine Brook Partners, and Goldman Sachs. Better.com was founded by Eric Wilson, Erik Bernhardsson, Viral Shah, and Vishal Garg in 2014.
Date of funding: 1/31/19
Founders: Eric Wilson, Erik Bernhardsson, Viral Shah, Vishal Garg
Year founded: 2014
Industry: Finance, Financial Services, Lending
Total equity funding raised: $120M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
1. Lemonade $120M
Round: Series C
Description: Lemonade, the platform for securing homeowners and renters insurance that uses AI and behavioral economics, has raised $120M in Series C funding from investors that include Sequoia Capital, General Catalyst, GV, SoftBank, and Tusk Ventures. Lemonade was founded by Daniel Schreiber and Shai Wininger in 2015.
Date of funding: 12/19/17
Founders: Daniel Schreiber, Shai Wininger
Year founded: 2015
Industry: Artificial Intelligence, Financial Services, Insurance, InsurTech
Total equity funding raised: $180M
Nominations for AlleyWatch’s 2019 NYC FinTech Influencers are now open AlleyWatch. Please submit your nominations here – 2019 NYC FinTech Influencers.
