Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for May 2023. I have included some additional information such as industry, description, round type, and total equity funding raised to further the analysis of the state of venture capital in NYC.
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9. Hyro $20.0M
Round: Series B
Description: Hyro is a plug & play conversational AI platform enabling enterprises to easily add voice & text capabilities to their digital channels. Founded by Israel Krush and Rom Cohen in 2018, Hyro has now raised a total of $35.0M in total equity funding and is backed by Twilio, Intel Ignite, Macquarie Capital, Hanaco Venture Capital, and Mindset Ventures.
Investors in the round: Black Opal Ventures, K20 Fund, Liberty Mutual Strategic Ventures, Macquarie Capital
Industry: Artificial Intelligence, B2B, Natural Language Processing, SaaS, Virtual Assistant
Founders: Israel Krush, Rom Cohen
Founding year: 2018
Total equity funding raised: $35.0M
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8. Prognos Health $23.3M
Round: Venture
Description: Prognos Health creates a healthcare analytics platform that uses patient-level data to generate clinical insights. Founded by Destry Sulkes, Jason Bhan, and Sundeep Bhan in 2010, Prognos Health has now raised a total of $65.8M in total equity funding and is backed by Hunt Holdings, Merck, LabCorp, Safeguard Scientifics, and Cigna.
Investors in the round: Cigna, Hikma Ventures, Hunt Holdings, LabCorp, Marshall Wace, Maywic Select Investments, Merck, Red & Blue Ventures, Safeguard Scientifics
Industry: Analytics, Health Care, Health Diagnostics
Founders: Destry Sulkes, Jason Bhan, Sundeep Bhan
Founding year: 2010
Total equity funding raised: $65.8M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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7. Kindbody $25.0M
Round: Venture
Description: Kindbody is a fertility clinic network and family-building benefits provider for employers. Founded by Gina Bartasi and Joanne Schneider in 2018, Kindbody has now raised a total of $206.3M in total equity funding and is backed by Alumni Ventures, NFP, What If Ventures, Google Ventures, and Winklevoss Capital.
Investors in the round: Morgan Health
Industry: Employee Benefits, Fertility, Health Care, Medical
Founders: Gina Bartasi, Joanne Schneider
Founding year: 2018
Total equity funding raised: $206.3M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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6. Wellthy $25.5M
Round: Venture
Description: Wellthy is a family care concierge service that brings relief to families managing complex or ongoing care situations. Founded by Kevin Roche and Lindsay Jurist-Rosner in 2014, Wellthy has now raised a total of $78.0M in total equity funding and is backed by FJ Labs, Cercano Management, Hearst Ventures, HearstLab, and Citi Impact Fund.
Investors in the round: Cercano Management, Citi Impact Fund, Eldridge, Hearst Ventures, Rethink Impact, Stardust Equity
Industry: Health Care, Medical, Wellness
Founders: Kevin Roche, Lindsay Jurist-Rosner
Founding year: 2014
Total equity funding raised: $78.0M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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5. Campus.edu $29.0M
Round: Series A
Description: Campus.edu provides online learning services. Founded by Tade Oyerinde in 2021, Campus.edu is backed by Reach Capital, Betaworks, City Light Capital, Founders Fund, and Lachy Groom.
Investors in the round: AirAngels, Bloomberg Beta, Dylan Field, Founders Fund, Jason Citron, Lachy Groom, Precursor Ventures, Reach Capital, Rethink Education, Sam Altman, Scribble Ventures, Spacecadet Ventures
Industry: EdTech, Higher Education
Founders: Tade Oyerinde
Founding year: 2021
Total equity funding raised: $29M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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4. Percent $30.0M
Round: Series B
Description: Percent is a platform for sourcing, structuring, syndicating, monitoring, and servicing private credit transactions. Founded by Nelson Chu in 2018, Percent has now raised a total of $48.5M in total equity funding and is backed by Edward Lando, Nomura, Coinbase Ventures, BDMI, and B Capital Group.
Investors in the round: B Capital Group, BDMI, Evolution VC Partners, Forte Ventures, Global Financial Technology Ventures, Susquehanna Growth Equity, Vectr, White Star Capital
Industry: Credit, Financial Services, FinTech, Information Services
Founders: Nelson Chu
Founding year: 2018
Total equity funding raised: $48.5M
AlleyWatch’s exclusive coverage of this round: Percent Raises $29.7M for its Private Debt Marketplace That Brings Enhanced Liquidity Options
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4. Kelvin $30.0M
Round: Series A
Description: Kelvin is an energy management and electrification platform for radiator-heated buildings. Founded by Marshall Cox in 2013, Kelvin has now raised a total of $34.3M in total equity funding and is backed by National Science Foundation, Columbia University, Third Sphere, Partnership Fund for New York City, and 2150.
Investors in the round: 2150, Partnership Fund for New York City, Schmidt Family Foundation
Industry: Energy Efficiency, Energy Management, Internet of Things, Sustainability
Founders: Marshall Cox
Founding year: 2013
Total equity funding raised: $34.3M
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3. Duetti $32.0M
Round: Series A
Description: Duetti is a music fintech company that offers financial solutions. Founded by Lior Tibon and Christopher Nolte in 2022, Duetti has now raised a total of $39.0M in total equity funding and is backed by Viola Ventures, Roc Nation, Presight Capital, Viola Credit, and UNTITLED.
Investors in the round: Presight Capital, Roc Nation, UNTITLED, Viola Credit, Viola Ventures
Industry: Financial Services, FinTech, Music
Founders: Lior Tibon, Christopher Nolte
Founding year: 2022
Total equity funding raised: $39.0M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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2. Petal $35.0M
Round: Venture
Description: Petal is a financial technology company that offers three Visa credit card products for underserved consumers. Founded by Andrew Endicott, David Ehrich, Jack Arenas, and Jason Gross in 2016, Petal has now raised a total of $289.6M in total equity funding and is backed by Gaingels, Trinity Capital, Silicon Valley Bank, Dylan Field, and Jefferies.
Investors in the round: Core Innovation Capital, RiverPark Ventures, Story Ventures, Valar Ventures
Industry: Credit Cards, Financial Services, FinTech, Machine Learning
Founders: Andrew Endicott, David Ehrich, Jack Arenas, Jason Gross
Founding year: 2016
Total equity funding raised: $289.6M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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2. OpenFin $35.0M
Round: Series D
Description: OpenFin provides financial institutions with a unified workspace and developer platform built for productivity. Founded by Chuck Doerr and Mazy Dar in 2010, OpenFin has now raised a total of $79.0M in total equity funding and is backed by JP Morgan Chase, Bank of America, HSBC, Wells Fargo, and JP Morgan.
Investors in the round: Bain Capital Ventures, Bank of America, Barclays Investment Bank, CME Ventures, CTC Venture Capital, DRW Venture Capital, HSBC, ING Ventures, JP Morgan, Nyca Partners, Pivot Investment Partners, SC Ventures, Tribeca Early Stage Partners, Wells Fargo Strategic Capital
Industry: Finance, Financial Services, FinTech, Operating Systems
Founders: Chuck Doerr, Mazy Dar
Founding year: 2010
Total equity funding raised: $79.0M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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1. Avenue One $100.0M
Round: Venture
Description: Avenue One provides technology platform for property management services. Founded by William Martiner and Ryan Stroker in 2020, Avenue One has now raised a total of $100.0M in total equity funding and is backed by WestCap and MetLife Investment Management (MIM).
Investors in the round: William Martiner and Ryan Stroker
Industry: Asset Management, Home Renovation, Property Management, Real Estate
Founders: William Martiner, Ryan Stroker
Founding year: 2020
Total equity funding raised: $100.0M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
*** Learn more and apply before 6/23 at 43North.org/program ***
