Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for August 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. With its regional media properties, 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. Trunk Tools $20.0M
Round: Series A
Description: Trunk Tools is a construction AI platform that automates construction workflows for project managers, superintendents, and executives. Founded by Sarah Buchner in 2021, Trunk Tools has now raised a total of $29.9M in total equity funding and is backed by Alumni Ventures, Redpoint, Fifth Wall, PruVen Capital, and Suffolk Technologies.
Investors in the round: AEC Angels, Charps, Innovation Endeavors, Liberty Mutual Strategic Ventures, PruVen Capital, Redpoint, STO Building Group, Suffolk Technologies, Thornton Tomasetti, WND Ventures
Industry: Artificial Intelligence (AI), FinTech, Productivity Tools, Software
Founders: Sarah Buchner
Founding year: 2021
Total equity funding raised: $29.9M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. EvolutionIQ $20.2M
Round: Venture
Description: EvolutionIQ is an AI company that offers claims guidance solutions for insurance companies. Founded by Michael Saltzman and Tomas Vykruta in 2019, EvolutionIQ has now raised a total of $63.4M in total equity funding and is backed by First Round Capital, Principal Financial Group, Sedgwick Claims Management Services, Plug and Play, and FirstMark.
Industry: Artificial Intelligence (AI), Commercial Insurance, Fraud Detection, Insurance, InsurTech, Risk Management
Founders: Michael Saltzman, Tomas Vykruta
Founding year: 2019
Total equity funding raised: $63.4M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. PreciseDx $20.7M
Round: Series B
Description: PreciseDx is the only Cancer Risk Stratification company to provide patient-specific risk information through the analysis of morphology. Founded by Carlos Cordon, Gerardo Fernandez, Jack Zeineh, and Michael J. Donovan in 2019, PreciseDx has now raised a total of $31.5M in total equity funding and is backed by Quest Diagnostics, Agilent Technologies, LabCorp, Mount Sinai Health System, and IBM Ventures.
Investors in the round: Eventide, GenHenn Venture, LabCorp, Quest Diagnostics
Industry: Health Care
Founders: Carlos Cordon, Gerardo Fernandez, Jack Zeineh, Michael J. Donovan
Founding year: 2019
Total equity funding raised: $31.5M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. Comun $21.5M
Round: Series A
Description: Comun offers an app-based platform that facilitates digital banking services for Latinos in the US. Founded by Andres Santos and Abiel Gutierrez in 2021, Comun has now raised a total of $26.0M in total equity funding and is backed by South Park Commons, FJ Labs, Redpoint, Goodwater Capital, and Costanoa Ventures.
Investors in the round: ANIMO Ventures, Costanoa Ventures, FJ Labs, Redpoint, RTP Global, South Park Commons
Industry: Banking, Financial Services, Mobile Apps
Founders: Andres Santos, Abiel Gutierrez
Founding year: 2021
Total equity funding raised: $26.0M
AlleyWatch’s exclusive coverage of this round: Comun Raises $21.5M To Tackle Financial Challenges Faced by Immigrants with its Digital Banking Platform
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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.
7. Slingshot AI $30.0M
Round: Seed
Description: Slingshot AI provides a cloud-based platform for easy training, deploying, and managing machine learning models. Founded by Daniel Reid Cahn and Neil Parikh in 2022, Slingshot AI has now raised a total of $30.0M in total equity funding and is backed by Andreessen Horowitz, Gokul Rajaram, Felicis, Arjun Sethi, and Cory Levy.
Investors in the round: Andreessen Horowitz, Arjun Sethi, BoxGroup, Bryan Baum, Cory Levy, David Cahn, Felicis, Gokul Rajaram, Jerry Murdock, Liu Jiang, Michael Stoppelman, Sumeet Gajri
Industry: Cloud Data Services, Software, Web Development
Founders: Daniel Reid Cahn, Neil Parikh
Founding year: 2022
Total equity funding raised: $30.0M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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.
6. Cents $40.0M
Round: Series B
Description: Cents provides an all-in-one management system for laundromats and dry cleaners. Founded by Alexander Jekowsky, Gilli Cherrin, Pramod Dabir, and Pramod Dabir in 2019, Cents has now raised a total of $74.2M in total equity funding and is backed by Alumni Ventures, 1517 Fund, Bessemer Venture Partners, FJ Labs, and Tiger Global Management.
Investors in the round: 1517 Fund, Alumni Ventures, Anchor Capital GP, Bessemer Venture Partners, Camber Creek, Derive Ventures, FJ Labs, J-Ventures, Rosecliff Ventures, RXR, Salil Pitroda, Sam Pillar, Steve Fredette, Tech Pioneers Fund, Tiger Global Management, Verdure Capital Management
Industry: FinTech, Hardware, Payments, SaaS
Founders: Alexander Jekowsky, Gilli Cherrin, Pramod Dabir, Pramod Dabir
Founding year: 2019
Total equity funding raised: $74.2M
AlleyWatch’s exclusive coverage of this round: Cents Raises $40M for its All-In-One Solution for Garment Care Businesses
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. Octane $50.0M
Round: Series E
Description: Octane is a financial technology company that focuses on providing financing solutions for recreational purchases. Founded by Andre Gregori, Daniel Petkevich, Mark Davidson, Mark Garro, and Michael Fanfant in 2014, Octane has now raised a total of $221.2M in total equity funding and is backed by Citi Ventures, Contour Venture Partners, Upper90, Valar Ventures, and Third Prime.
Investors in the round: Upper90, Valar Ventures
Industry: Credit, Financial Services, FinTech, Lending
Founders: Andre Gregori, Daniel Petkevich, Mark Davidson, Mark Garro, Michael Fanfant
Founding year: 2014
Total equity funding raised: $221.2M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. Chaos Labs $55.0M
Round: Series A
Description: Chaos Labs is a cloud platform that allows teams to build high-fidelity agent and scenario-based simulations on mainnet forks. Founded by Omer Goldberg in 2022, Chaos Labs has now raised a total of $75.0M in total equity funding and is backed by Coinbase, General Catalyst, Polygon, Blockdaemon, and Uniswap.
Investors in the round: Anatoly Yakovenko, Anton Katz, Bessemer Venture Partners, Coinbase, F-Prime Capital, Francesco Agosti, Galaxy Digital, General Catalyst, Haun Ventures, Kevin Weil, Lightspeed Venture Partners, Michael Shaulov, PayPal Ventures, Slow Ventures, The Spartan Group, Wintermute Ventures
Industry: Blockchain, Risk Management, Software, Web Development
Founders: Omer Goldberg
Founding year: 2022
Total equity funding raised: $75.0M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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.
3. Valon Technologies $69.7M
Round: Venture
Description: Valon is a tech-enabled residential mortgage servicer. Founded by Andrew Wang, Eric Chiang, and Jonathan Hsu in 2019, Valon Technologies has now raised a total of $166.8M in total equity funding and is backed by Andreessen Horowitz, Jefferies Financial Group, Freedom Mortgage, Starwood Capital Group, and Human Capital.
Industry: Financial Services, FinTech, Real Estate
Founders: Andrew Wang, Eric Chiang, Jonathan Hsu
Founding year: 2019
Total equity funding raised: $166.8M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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.
2. EliseAI $75.0M
Round: Series D
Description: EliseAI develops conversational AI for property management, unlocking operational efficiencies for businesses. Founded by Minna Song and Stoyan Stoyanov in 2017, EliseAI has now raised a total of $141.9M in total equity funding and is backed by AvalonBay Communities, Point72 Ventures, JLL Spark, Golden Seeds, and Navitas Capital.
Investors in the round: DivcoWest, Koch Investments Group, Navitas Capital, Point72 Ventures, Sapphire Ventures
Industry: Artificial Intelligence (AI), Business Intelligence, Machine Learning, Property Management, PropTech, Real Estate
Founders: Minna Song, Stoyan Stoyanov
Founding year: 2017
Total equity funding raised: $141.9M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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. Bilt Rewards $150.0M
Round: Venture
Description: Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. Founded by Ankur Jain in 2021, Bilt Rewards has now raised a total of $563.3M in total equity funding and is backed by Blend, General Catalyst, Wells Fargo, Greystar, and Mastercard.
Investors in the round: Teachers’ Venture Growth, University of Illinois Foundation, Vanderbilt University
Industry: FinTech, Loyalty Programs, Real Estate, Rental Property
Founders: Ankur Jain
Founding year: 2021
Total equity funding raised: $563.3M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, 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.
