Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York during February 2020. I have included some additional information such as industry, description, round type, total equity funding raised to further the analysis for 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 having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York business community and beyond. Find out more here.
10. Dandelion Energy $30.0M
Round: Series B
Description: Dandelion Energy is an independent company that offers geothermal heating and cooling installations.
Investors in the round: Breakthrough Energy Ventures, Building Ventures, Catchlight Ventures, Collaborative Fund, Ground Up Ventures, GV, Lennar Corporation, New Enterprise Associates
Industry: CleanTech, Energy, GreenTech, Renewable Energy
Founders: James Quazi, Kathy Hannun
Founding year: 2017
Total equity funding raised: $64.5M
AlleyWatch’s exclusive coverage of this round: Dandelion Energy Raises $30M to Bring Geothermal Energy into Homes
9. Axoni $31.0M
Round: Series B
Description: Axoni is a technology firm that specializes in multi-party workflows and financial market infrastructure.
Investors in the round: Citi, Deutsche Bank, Goldman Sachs, HSBC, Intel Capital, JPMorgan Partners (JPMP), Nyca Partners, UBS, Wells Fargo
Industry: Analytics, Blockchain, Financial Services, FinTech
Founders: Greg Schvey, Jeff Schvey
Founding year: 2013
Total equity funding raised: $90.8M
8. Codecademy $40.0M
Round: Series D
Description: Codecademy provides an online learning platform that teaches employable digital skills.
Investors in the round: Owl Ventures, Prosus Ventures, Union Square Ventures
Industry: E-Learning, Education, Information Technology, Training
Founders: Ryan Bubinski, Zachary Sims
Founding year: 2011
Total equity funding raised: $82.5M
AlleyWatch’s exclusive coverage of this round: Codecademy Raises $40M as the Interest in Coding Education Surges
8. Electric $40.0M
Round: Series C
Description: Electric is an information technology company that helps businesses manage their IT security, support, and devices in real-time.
Investors in the round: 01 Advisors, Atreides Management, Bessemer Venture Partners, GGV Capital, Greenspring Associates, Primary Venture Partners, Vintage Investment Partners
Industry: Artificial Intelligence, Information Technology, Network Security, Technical Support
Founders: Ryan Denehy
Founding year: 2016
Total equity funding raised: $91.8M
AlleyWatch’s exclusive coverage of this round: Electric Raises Another $40M to Support the IT Needs of a Remote World
7. Capital Rx $50.0M
Round: Series B
Description: Capital Rx is a healthtech platform that provides pharmacy benefit management solutions.
Investors in the round: Edison Partners, Transformation Capital
Industry: Health Care, Medical, Pharmaceutical
Founders: AJ Loiacono, Joseph Alexander, Ryan Kelly
Founding year: 2017
Total equity funding raised: $101.0M
AlleyWatch’s exclusive coverage of this round: Capital Rx Raises $50M to Bring Transparency to Prescription Drug Costs with its Fast-Growing Pharmacy Benefits Management Platform
7. Jackpocket $50.0M
Round: Series C
Description: Jackpocket is a third-party app providing a secure way to order official state lottery tickets.
Investors in the round: Anchor Capital, BRV Capital, Circle K Corporation, David Blitzer, Gaingels, Greenspring Associates, Sean Hayes, Tegna, The Raine Group
Industry: Gambling, Gaming, Mobile, Mobile Apps
Founders: Eric Parker, Leo Shemesh, Matt Silber, Peter Sullivan
Founding year: 2013
Total equity funding raised: $79.6M
AlleyWatch’s exclusive coverage of this round: Jackpocket Scores Another $50M to Make Playing the Lottery as Easy as a Few Taps on Your Phone
7. VidMob $50.0M
Round: Series C
Description: VidMob is a video content creation network and platform where brands can create digital video ads with expert teams.
Investors in the round: Adobe Ventures, BuildGroup, Cesar Melo, Drive by DraftKings, Interlock Partners, Macanta Investments, Michael Kassan, Nick Brien, Prefix Capital, Shutterstock, The Spruce House Partnership, Thomas Tull
Industry: Advertising Platforms, Cloud Data Services, Social Media Advertising, Video
Founders: Alex Collmer, Craig Coblenz, Jason Donnell
Founding year: 2014
Total equity funding raised: $121.6M
6. Splice $55.0M
Round: Series D
Description: Splice provides a technology platform for music creators that streamlines the process of creating and sharing music.
Investors in the round: GS Growth
Industry: Collaboration, Media and Entertainment, Music
Founders: Matt Aimonetti, Steve Martocci
Founding year: 2013
Total equity funding raised: $159.7M
Make an impact on your bottom line and drive leads in 2021!
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
6. Touchcast $55.0M
Round: Series A
Description: Touchcast offers an integrated solution that gives anyone the ability to communicate and collaborate effectively with their colleagues.
Investors in the round: Accenture Ventures, Alexander Capital Ventures, Ronald Lauder, SAATCHiNVEST
Industry: Artificial Intelligence, Collaboration, Information and Communications Technology (ICT), Presentations, Video, Virtual Reality
Founders: Charley Miller, Edo Segal, Erick Schonfeld, Michael Kohlmeyer H
Founding year: 2010
Total equity funding raised: $55.0M
5. Immunai $60.0M
Round: Series A
Description: Immunai is a biotech company that combines single cell genomics with ML algorithms to enable high resolution profiling of the immune system.
Investors in the round: Catalio Capital Management, Dexcel Pharma, Duquesne Family Office, Schusterman Foundation, TLV Partners, Viola Group
Industry: Artificial Intelligence, Biotechnology, Machine Learning, Therapeutics
Founders: Ansuman Satpathy, Dan Littman, Daniel Wells, Luis F Voloch, Noam Solomon
Founding year: 2018
Total equity funding raised: $80.0M
AlleyWatch’s exclusive coverage of this round: Immunai Raises $60M to Decode the Immune System with Machine Learning and AI
5. Eden Health $60.0M
Round: Series C
Description: Eden Health is a primary care and insurance navigation company for employers seeking to elevate the health and wellbeing of their employees.
Investors in the round: Aspect Ventures, Company Ventures, Flare Capital Partners, Flex Capital, Insight Partners, Max Ventures, PJC
Industry: Employee Benefits, Health Care, Personal Health, Wellness
Founders: Matt McCambridge, Scott L. Sansovich, Jr.
Founding year: 2016
Total equity funding raised: $99.0M
4. RapidSOS $85.0M
Round: Series C
Description: RapidSOS is a creator of an emergency response data platform that securely links life-saving data to 911 and first responders.
Investors in the round: Global Venture Capital, Insight Partners
Industry: mHealth, Mobile Apps, Public Safety
Founders: Michael Martin, Nick Horelik
Founding year: 2012
Total equity funding raised: $205.2M
3. Newsela $100.0M
Round: Series D
Description: Newsela is an Ed-tech startup that takes content from trusted providers and turns it into learning materials.
Investors in the round: Chan Zuckerberg Initiative, Franklin Templeton Investments, Owl Ventures, Tao Capital Partners, TCV, Waycross Ventures
Industry: E-Learning, EdTech, Education, Language Learning
Founders: Dan Cogan-Drew, Matthew Gross
Founding year: 2013
Total equity funding raised: $172.2M
3. CLEAR $100.0M
Round: Venture
Description: CLEAR is an identity company that uses biometrics to build a connected world that’s smarter and more secure.
Investors in the round: 32 Equity, Bond, Durable Capital Partners, Enlightened Hospitality Investments, General Atlantic, James J. Murren, Liberty Media, LionTree Partners, Michael Jordan, Partnership Fund for New York City, Revolution Growth
Industry: Biometrics, Identity Management, Security
Founders: Caryn Seidman-Becker, Ken Cornick
Founding year: 2010
Total equity funding raised: $135.0M
2. Stash $125.0M
Round: Series G
Description: Stash is a personal finance app that combines banking, investing, and advice into one platform.
Investors in the round: Eldridge, Entree Capital, Goodwater Capital, Owl Ventures, T. Rowe Price
Industry: Banking, Financial Services, FinTech, Mobile Apps, Personal Finance
Founders: Brandon Krieg, David Ronick, Ed Robison
Founding year: 2015
Total equity funding raised: $426.3M
1. UiPath $750.0M
Round: Series F
Description: UiPath is a software company developing robotic process automation and artificial intelligence software.
Investors in the round: Alkeon Capital, Altimeter Capital, Coatue, Dragoneer Investment Group, IVP, Sequoia Capital, T. Rowe Price, Tiger Global Management
Industry: Artificial Intelligence, Enterprise Software, Information Technology, Machine Learning
Founders: Daniel Dines, Marius Tirca
Founding year: 2005
Total equity funding raised: $2.0B
