Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for May 2024. 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.
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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13. Footprint $13.0M
Round: Series A
Description: Footprint is an onboarding platform that solves KYC, Security, Auth, and Fraud with five lines of code. By utilizing novel technologies such as nitro enclaves, passkeys, and app clips, Footprint has helped companies generate hundreds of thousands of dollars in customer LTV by boosting their conversion while also preventing fraud attacks through propriety deterministic signals. Founded by Alex Grinman and Eli Wachs in 2022, Footprint has now raised a total of $20.0M in total equity funding and is backed by Palm Tree Crew, Neo, Altman Capital, Operator Partners, and K5 Global.
Investors in the round: Animal Capital, BoxGroup, Definition, Index Ventures, Lerer Hippeau, Neo, Operator Partners, Palm Tree Crew, QED Investors
Industry: Compliance, Cyber Security, Data Storage, Fraud Detection, Identity Management, Software
Founders: Alex Grinman, Eli Wachs
Founding year: 2022
Total equity funding raised: $20.0M
AlleyWatch’s exclusive coverage of this round: Footprint Raises $13M to Make Identify Verification Portable Across the Internet
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
12. Truveris $15.0M
Round: Series E
Description: Truveris is a technology company driving transparency, access and lower costs across the prescription drug ecosystem. Founded by AJ Loiacono, Justin Greene, and Leon Greene in 2009, Truveris has now raised a total of $69.0M in total equity funding and is backed by PROOF, Tribeca Venture Partners, New Leaf Venture Partners, McKesson Ventures, and First Round Capital.
Investors in the round: Canaan Partners, New Leaf Venture Partners
Industry: Health Care, Information Technology, SaaS, Wellness
Founders: AJ Loiacono, Justin Greene, Leon Greene
Founding year: 2009
Total equity funding raised: $69.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
11. Patronus AI $17.0M
Round: Series A
Description: Patronus AI operates as an automated evaluation and security platform. Founded by Anand Kannappan and Rebecca Qian in 2023, Patronus AI has now raised a total of $20.0M in total equity funding and is backed by Notable Capital, Datadog, Amjad Masad, Lightspeed Venture Partners, and Factorial Capital.
Investors in the round: Aparna Sinha, Barr Moses, Datadog, Factorial Capital, Gokul Rajaram, Jason Warner, Jonathan Frankle, Lightspeed Venture Partners, Michael Callahan, Nadim Hossain, Notable Capital, Tristan Handy
Industry: Artificial Intelligence (AI), Information Technology, Network Security
Founders: Anand Kannappan, Rebecca Qian
Founding year: 2023
Total equity funding raised: $20.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
10. Daloopa $18.0M
Round: Series B
Description: Daloopa uses artificial intelligence for document automation and extracting data from financial reports and investor presentations. Founded by Daniel Chen, Jeremy Huang, and Thomas Li in 2019, Daloopa has now raised a total of $41.4M in total equity funding and is backed by Nexus Venture Partners, Morgan Stanley, Hack VC, Uncorrelated Ventures, and Touring Capital.
Investors in the round: Morgan Stanley, Nexus Venture Partners, Touring Capital
Industry: Artificial Intelligence (AI), Big Data, Software
Founders: Daniel Chen, Jeremy Huang, Thomas Li
Founding year: 2019
Total equity funding raised: $41.4M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
9. Aerodome $21.5M
Round: Series A
Description: Aerodome is a developer of Drone-As-First-Responder technology that allows agencies to deploy drones for missions. Founded by Kenaniah Cerny and Rahul Sidhu in 2023, Aerodome has now raised a total of $28.0M in total equity funding and is backed by 2048 Ventures, Andreessen Horowitz, Karman Ventures (fka Moving Capital), Immad Akhund, and Anti Fund.
Investors in the round: Andreessen Horowitz, CRV, Ford Street Ventures, Immad Akhund, Karman Ventures (fka Moving Capital)
Industry: Aerospace, Drones, Law Enforcement, Military, Public Safety
Founders: Kenaniah Cerny, Rahul Sidhu
Founding year: 2023
Total equity funding raised: $28.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
8. Cover Whale $27.5M
Round: Series A
Description: Cover Whale is an insurtech company that offers commercial auto insurance products. Founded by Daniel Abrahamsen in 2019, Cover Whale has now raised a total of $43.0M in total equity funding and is backed by Morgan Stanley Expansion Capital and Ambac.
Investors in the round: Morgan Stanley Expansion Capital
Industry: Financial Services, Insurance, InsurTech, Transportation
Founders: Daniel Abrahamsen
Founding year: 2019
Total equity funding raised: $43.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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7. Pepper $30.0M
Round: Series B
Description: Pepper is an eCommerce platform for food distributors, convenience stores, and other marketplaces. Founded by Bowie Cheung, Chetan Narain, and Ivana Tesanovic in 2019, Pepper has now raised a total of $46.0M in total equity funding and is backed by Gaingels, ICONIQ Growth, Imaginary Ventures, Karman Ventures (fka Moving Capital), and 9Yards Capital.
Investors in the round: Greylock, Harmony Partners, ICONIQ Growth, Imaginary Ventures, Index Ventures
Industry: Artificial Intelligence (AI), E-Commerce, Food and Beverage, Restaurants, Wholesale
Founders: Bowie Cheung, Chetan Narain, Ivana Tesanovic
Founding year: 2019
Total equity funding raised: $46.0M
AlleyWatch’s exclusive coverage of this round: Pepper Raises $30M to Propel Independent Food Distributors with its SaaS E-Commerce Platform
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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6. Gameto $33.0M
Round: Series B
Description: Gameto is a biotechnology company developing therapeutics of the female reproductive system using cell engineering. Founded by Dina Radenkovic, Martin Varsavsky, and Pranam Chatterjee in 2020, Gameto has now raised a total of $73.0M in total equity funding and is backed by Gaingels, RA Capital Management, Bold Capital Partners, SALT Fund, and Future Ventures.
Investors in the round: Anne Wojcicki, Arcadian Investment Partners, Bold Capital Partners, Chelsea M.R. Hirschhorn, Dan Rose, FJ Labs, Future Ventures, Ingeborg Investments, Insight Partners, Jack Abraham, Lux Capital, Myelin VC, Overwater Ventures, Plum Alley, RA Capital Management, Robert Nelsen, SALT Fund, Stacey Bendet, TA Ventures, Two Sigma Ventures, Yes VC
Industry: Biopharma, Biotechnology, Genetics, Life Science
Founders: Dina Radenkovic, Martin Varsavsky, Pranam Chatterjee
Founding year: 2020
Total equity funding raised: $73.0M
AlleyWatch’s exclusive coverage of this round: Gameto Raises $33M to Use Cell Engineering to Revolutionize Fertility Treatments
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
5. Oasis Security $35.0M
Round: Series A
Description: Oasis is a non-human identity management platform that aims to give visibility and risk assessment. Founded by Amit Zimerman and Danny Brickman in 2022, Oasis Security has now raised a total of $75.0M in total equity funding and is backed by Sequoia Capital, Cyberstarts, Accel, Guy Podjarny, and Michael Fey.
Investors in the round: Accel, Cyberstarts, Sequoia Capital
Industry: Computer, Identity Management, Network Security
Founders: Amit Zimerman, Danny Brickman
Founding year: 2022
Total equity funding raised: $75.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
4. Polymarket $45.0M
Round: Series B
Description: Polymarket is a prediction market platform where traders predict future event outcomes, reacting to news in real time. Founded by Shayne Coplan in 2020, Polymarket has now raised a total of $74.0M in total equity funding and is backed by Polychain, Dragonfly, ParaFi Capital, Robot Ventures, and General Catalyst.
Investors in the round: 1confirmation, Dragonfly, Founders Fund, Kevin Hartz, ParaFi Capital, Vitalik Buterin
Industry: Blockchain, Cryptocurrency, Predictive Analytics
Founders: Shayne Coplan
Founding year: 2020
Total equity funding raised: $74.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are several options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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3. Chapter $50.0M
Round: Series C
Description: Chapter offers a Medicare navigation platform that provides advisory services for seniors seeking health coverage. Founded by Cobi Blumenfeld-Gantz, Corey Metzman, and Vivek Ramaswamy in 2020, Chapter has now raised a total of $109.0M in total equity funding and is backed by Peter Thiel, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Narya Capital.
Investors in the round: Addition, Maverick Ventures, Narya Capital, Susa Ventures, XYZ Venture Capital
Industry: Elderly, Health Care, Health Insurance, Information Technology, Medical
Founders: Cobi Blumenfeld-Gantz, Corey Metzman, Vivek Ramaswamy
Founding year: 2020
Total equity funding raised: $109.0M
AlleyWatch’s exclusive coverage of this round: Chapter Raises $50M to Bring Clarity to the Medicare Enrollment Process
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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3. SmarterDx $50.0M
Round: Series B
Description: SmarterDx is a clinical AI company that develops automated pre-bill review tech to help hospitals maintain revenue integrity. Founded by Joshua Geleris and Michael Gao in 2020, SmarterDx has now raised a total of $56.0M in total equity funding and is backed by Floodgate, Flare Capital Partners, Transformation Capital, Bessemer Venture Partners, and East Post Road Ventures.
Investors in the round: Bessemer Venture Partners, Flare Capital Partners, Floodgate, Transformation Capital
Industry: Artificial Intelligence (AI), Health Care, Hospital, Information Technology
Founders: Joshua Geleris, Michael Gao
Founding year: 2020
Total equity funding raised: $56.0M
AlleyWatch’s exclusive coverage of this round: SmarterDx Raises $50M for its Clinical AI Platform That Lets Hospitals Manage Revenue Cycles with Accurate Billing
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are several options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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2. Cover Genius $80.0M
Round: Series
Description: Cover Genius provides an insurance distribution platform designed to protect the customers of e-commerce companies. Founded by Angus McDonald and Chris Bayley in 2014, Cover Genius has now raised a total of $245.1M in total equity funding and is backed by Spark Capital, Dawn Capital, G Squared, Regal Funds Management, and AfterWork Ventures.
Investors in the round: Spark Capital, Dawn Capital, G Squared, King River Capital
Industry: Insurance, InsurTech, FinTech, Financial Services
Founders: Angus McDonald, Chris Bayley
Founding year: 2014
Total equity funding raised: $245.1M
AlleyWatch’s exclusive coverage of this round: Cover Genius Raises $80M for its Embeddable Insurance Platform
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
1. ByHeart $95.0M
Round: Venture
Description: ByHeart is a baby nutrition company with FDA-registered infant formula. Founded by Mia Funt and Ron Belldegrun in 2016, ByHeart has now raised a total of $255.0M in total equity funding and is backed by Gaingels, Polaris Partners, Red Sea Ventures, AF Ventures, and Sean Parker.
Investors in the round: AF Ventures, Bellco Capital, D1 Capital Partners, Gaingels, OCV, Polaris Partners, Red Sea Ventures, Two River
Industry: Biotechnology, Health Care, Nutrition, Wellness
Founders: Mia Funt, Ron Belldegrun
Founding year: 2016
Total equity funding raised: $255.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
