Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for June 2022. 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. Only all equity rounds were considered.
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
11. Lightning AI $40.0M
Round: Series B
Description: Lightning AI is the first operating system for AI. Build AI models and Lightning Apps (end to end ML systems). Founded by Luis Capelo and William Falcon in 2019, Lightning AI has now raised a total of $58.6M in total equity funding and is backed by Coatue, MANTIS Venture Capital, Bain Capital Ventures, Index Ventures, SV Angel.
Investors in the round: From the creators of the popular framework PyTorch Lightning, Lightning AI enables developers to do two key things: 1) build state-of-the art AI models for high-performance AI research, 2) build Lightning Apps which are end-to-end ML systems which are multi-cloud, fault tolerant and more. In October 2020, Grid.ai raised $18.6 million Series A funding led by Index Ventures with participation from Bain Capital Ventures, and Firstminute.
Industry: Artificial Intelligence, Computer, Machine Learning, Software, Software Engineering
Founders: 2019
Founding year:
Total equity funding raised: $58.6M
AlleyWatch’s exclusive coverage of this round: Lightning AI Raises $40M for its Platform and Framework for Building Machine Learning and AI Apps
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
11. Nava $40.0M
Round: Series B
Description: Nava provides employee benefits brokerage services with a focus on affordable healthcare. Founded by Brandon Weber, Donald DeSantis, and Kareem Zaki in 2019, Nava has now raised a total of $60.0M in total equity funding and is backed by Isha Vij, Quiet Capital, GV, Operator Partners, Thrive Capital.
Investors in the round: Nava is a new kind of benefits brokerage on a mission to bring high-quality, affordable healthcare to employers and their employees. It offers healthcare tools, year-round employee advocacy, and ongoing measurement to monitor and recommend healthcare plans, thus enabling clients to provide the required benefits to their employees while lowering overall plan cost.
Industry: Employee Benefits, Health Care, Insurance, InsurTech
Founders: 2019
Founding year: sales@nava.io
Total equity funding raised: $60.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
10. RippleMatch $45.0M
Round: Series B
Description: RippleMatch is the recruitment automation platform replacing job boards as the way Gen Z finds work. Founded by Andrew Myers and Eric Ho in 2016, RippleMatch has now raised a total of $79.2M in total equity funding and is backed by Alumni Ventures, Gaingels, Goldman Sachs Asset Management, AlleyCorp, Accomplice.
Investors in the round: RippleMatch is the recruitment automation platform changing how Gen Z finds work. By replacing job boards with matching and automation, RippleMatch eliminates the most time-intensive parts of the recruitment process for both employers and job seekers. Leading employers such as Amazon, eBay, and Teach For America leverage RippleMatch to build diverse, high-performing teams and Gen Z job seekers across the country trust RippleMatch to launch and grow their careers.
Industry: Consulting, Employment, Enterprise Software, Human Resources, Recruiting
Founders: 2016
Founding year: info@ripplematch.com
Total equity funding raised: $79.2M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
9. Amogy $46.0M
Round: Series A
Description: Amogy builds an innovative clean energy system using ammonia as a renewable fuel Founded by Seonghoon Woo in 2020, Amogy has now raised a total of $68.4M in total equity funding and is backed by Amazon, Newlab, DCVC, Collaborative Fund, Saudi Aramco Energy Ventures.
Investors in the round: Amogy is a VC-backed start-up, located in Brooklyn, New York, and is working on a novel carbon-free energy system using ammonia as a renewable fuel. The innovative solution enables the decarbonization of ground/sea/air transportations, accelerating our journey towards the Net Zero Economy. As a mission, we aim to eliminate >5 billion metric tons of CO2 emission by 2040 and achieve the complete decarbonization of transportations by 2050. see less
Industry: Clean Energy, CleanTech, Product Research
Founders: 2020
Founding year: contact@amogy.co
Total equity funding raised: $68.4M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
8. Owkin $50.0M
Round: Series B
Description: Owkin is an AI precision medicine company with a vision to find the right drug for every patient. Founded by Gilles Wainrib and Thomas Clozel in 2016, Owkin has now raised a total of $304.1M in total equity funding and is backed by Bristol Myers Squibb, Sanofi, Bpifrance, GV, F-Prime Capital.
Investors in the round: Owkin is a French-American startup that uses artificial intelligence to find the right treatment for every patient. Our focus is to use AI to discover and develop better treatments for unmet medical needs, starting with the fight against cancer. They use AI to identify new drug candidates, de-risk and accelerate clinical trials and build diagnostic tools that improve patient outcomes. Using federated learning, a pioneering collaborative AI framework, Owkin enables medical and biopharma partners to unlock valuable insights from siloed datasets, while protecting patient privacy and securing proprietary data. Owkin was co-founded by Thomas Clozel MD, a clinical research doctor and former assistant professor in clinical onco-hematology, and Gilles Wainrib, a pioneer in the field of machine learning in biology, in 2016. Owkin has raised over $255 million and became a ‘unicorn’ – a startup valued at more than $1 billion – in November 2021 through a $180 million investment from French biopharma company Sanofi.
Industry: Artificial Intelligence, Biotechnology, Clinical Trials, Machine Learning, Pharmaceutical
Founders: 2016
Founding year: contact@owkin.com
Total equity funding raised: $304.1M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
7. Ever/Body $55.5M
Round: Series C
Description: Ever/Body is a cosmetic dermatology provider of personalized and tech-enabled services. Founded by Karen Castelletti and Kate Twist in 2018, Ever/Body has now raised a total of $110.5M in total equity funding and is backed by Gaingels, Tiger Global Management, Fifth Wall, Redesign Health, MetaProp.
Investors in the round: Ever/Body is a digital company offering cosmetic dermatology services. It is a provider of beauty treatments intended to demystify cosmetic dermatology. The company offers injectable medically-tested cosmetic treatments and high-tech facials along with non-surgical solutions that provide clients with optimal results by reducing wrinkles to offer a younger and rejuvenated look.
Industry: Beauty, Cosmetics, Health Care
Founders: 2018
Founding year:
Total equity funding raised: $110.5M
AlleyWatch’s exclusive coverage of this round: Ever/Body Raises $55.5M to Modernize the Cosmetic Dermatology Experience with Technology
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
6. Tomorrow Health $60.0M
Round: Series B
Description: Tomorrow Health is a technology-driven home healthcare company that improves the way home-based care is ordered, delivered, and paid for. Founded by Gabriel Flateman and Vijay Kedar in 2018, Tomorrow Health has now raised a total of $92.5M in total equity funding and is backed by Andreessen Horowitz, Obvious Ventures, BoxGroup, Rainfall Ventures, Sound Ventures.
Investors in the round: Tomorrow Health is a technology-driven home healthcare company changing the way individuals and families manage their care. It brings together personal service and modern technology to get their clients the products and supplies they need. Tomorrow Health connect providers, health plans, and home-based care suppliers, to ensure that patients can access care even in their home. Founded in 2018, the company is headquartered in New York, New York, United States.
Industry: Health Care, Health Diagnostics, Personal Health
Founders: 2018
Founding year: support@tomorrowhealth.com
Total equity funding raised: $92.5M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
5. Ledger Investing $75.0M
Round: Series B
Description: Ledger Investing is an online marketplace powering interactions between investors and insurance carriers. Founded by Aymeric Rabot, Julien Brissonneau, and Samir Shah in 2016, Ledger Investing has now raised a total of $90.8M in total equity funding and is backed by 500 Startups, Y Combinator, Accel, AmWINS Group, SignalFire.
Investors in the round: Ledger Investing, Inc. was formed in 2016 to enable insurers to create substantial value by securitizing insurance risk while providing investors with an opportunity to invest directly in a new and growing asset class. The timing reflects the intersection of recent and unprecedented trends. A significant amount of capital has flowed into insurance from long-term institutional investors seeking direct access to pure insurance risks that are uncorrelated with broader capital markets. At the same time, technology is being used to drive revolutionary changes in business models across industries, including financial services – in particular, the creation of new marketplaces that efficiently bring buyers and sellers together in many consumer and commercial sectors. Ledger is backed by Y Combinator, headquartered in NYC, and operates with a fully remote team.
Industry: Financial Services, Insurance, Marketplace
Founders: 2016
Founding year: contact@ledgerinvesting.com
Total equity funding raised: $90.8M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
4. Magic Spoon $85.0M
Round: Series B
Description: Magic Spoon is a food company that provides childlike, low-carbohydrate cereal foods for adult customers. Founded by Gabi Lewis and Greg Sewitz in 2019, Magic Spoon has now raised a total of $99.5M in total equity funding and is backed by Lightspeed Venture Partners, Collaborative Fund, RSE Ventures, Nasir Jones, The Chainsmokers.
Investors in the round: Magic Spoon is a food company that provides childlike, low-carbohydrate cereal foods for adult customers. The cereal is keto-friendly and non-GMO and free from gluten, grain, wheat, soy, and artificial sweeteners. It gets its taste from allulose, a natural sweetener found in figs and maple syrup that has zero glycemic impact. The company was founded in 2019, with its headquarters in Brooklyn in New York.
Industry: Food and Beverage, Food Processing, Sales, Snack Food
Founders: 2019
Founding year: hello@magicspoon.com
Total equity funding raised: $99.5M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
3. Gloat $90.0M
Round: Series D
Description: Gloat is an internal talent marketplace that allows people to be matched to internal career opportunities. Founded by Amichai Schreiber, Ben Reuveni, Danny Shtainberg, and Roy Reuveni in 2015, Gloat has now raised a total of $192.6M in total equity funding and is backed by Lumir Ventures, Accel, Generation Investment Management, Eight Roads Ventures, Intel Capital.
Investors in the round: Gloat is the first-ever Internal Talent Marketplace, used by the world‚Äôs leading enterprises. Gloat enables enterprises to harness the hidden potential of talent throughout the organization by matching people’s skills and aspirations to internal career opportunities that are right for them and provides mission-critical organizational agility, visibility, and insights. Gloat is deployed at some of the most respected brands in the world with global deployments in over 120 countries across Unilever, PepsiCo, Standard Chartered Bank, Schneider Electric, Nestl√©, HSBC, Seagate and many more.
Industry: Career Planning, Human Resources, Marketplace, Social Media, Software
Founders: 2015
Founding year: contact@gloat.com
Total equity funding raised: $192.6M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
2. Nomad Health $105.0M
Round: Venture
Description: Nomad Health is an online staffing marketplace that connects clinicians to healthcare jobs. Founded by Alexi Nazem, Kevin Ryan, Maxwell Laurens, Ryan Grant, and Zander Pease in 2015, Nomad Health has now raised a total of $218.0M in total equity funding and is backed by Trinity Capital, JP Morgan, Silicon Valley Bank, AlleyCorp, Adams Street Partners.
Investors in the round: Nomad Health is an online staffing marketplace that connects clinicians to healthcare jobs. It enables doctors and nurses to search for work by price, location, and more. Nomad eliminates the chaotic healthcare staffing system of yesterday and replaces it with a simple, modern technology platform that just works.
Industry: Health Care, Human Resources, Marketplace, Recruiting
Founders: 2015
Founding year: info@nomadhealth.com
Total equity funding raised: $218.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
1. Capital Rx $106.0M
Round: Series C
Description: Capital Rx is a healthtech platform that provides pharmacy benefit management solutions. Founded by AJ Loiacono, Joseph Alexander, and Ryan Kelly in 2017, Capital Rx has now raised a total of $203.0M in total equity funding and is backed by General Catalyst, B Capital Group, Alumni Ventures, Edison Partners, Emerald Development Managers.
Investors in the round: Capital Rx is a health technology company that engages in managing pharmacy benefit plans. The company is redefining the way prescriptions are priced and administered in the U.S. Through its Clearinghouse Model, it unlocks the pharmacy supply chain and reduces prescription costs for employer groups. By establishing a competitive marketplace for drug pricing, Capital Rx focuses its resources on deploying actionable strategies that improve plan performance and patient outcomes.
Industry: Health Care, Medical, Pharmaceutical
Founders: 2017
Founding year: info@cap-rx.com
Total equity funding raised: $203.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
