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The 13 Largest NYC Tech Startup Funding Rounds of March 2021

Date:

March 2021 was the single best month for NYC startup funding in history. These companies led the funding charge with 16 mega ($100M) rounds between them, raising $3.5B in aggregate during the month.

Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York during March 2021.  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


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13. Axonius $100.0M

Round: Series D
Description: Axonius is an asset inventory management platform that focuses on cybersecurity solutions and policies. Founded by Avidor Bartov, Dean Sysman, and Ofri Shur in 2017, Axonius has now raised a total of $195.0M in total equity funding and is backed by investors that include Bessemer Venture Partners, Lightspeed Venture Partners, Vertex Ventures, Western Technology Investment, OpenView, and Stripes.
Investors in the round: Bessemer Venture Partners, Lightspeed Venture Partners, Vertex Ventures, Western Technology Investment, OpenView, Stripes
Industry: Cyber Security
Founders: Avidor Bartov, Dean Sysman, Ofri Shur
Founding year: 2017
Total equity funding raised: $195.0M
AlleyWatch’s exclusive coverage of this round: Axonius Raises Another $100M and Secures Unicorn Status for its Cybersecurity Asset Management Platform


13. Chainalysis $100.0M

Round: Series D
Description: Chainalysis provides blockchain data and analysis to government agencies, banks, and businesses around the world. Founded by Jan Moller, Jonathan Levin, and Michael Gronager in 2014, Chainalysis has now raised a total of $266.6M in total equity funding and is backed by investors that include Techstars, Ribbit Capital, FundersClub, Digital Currency Group, and Benchmark.
Investors in the round: Addition, Paradigm, Ribbit Capital, Time Ventures
Industry: Blockchain, Cryptocurrency, FinTech, Software
Founders: Jan Moller, Jonathan Levin, Michael Gronager
Founding year: 2014
Total equity funding raised: $266.6M


13. Socure $100.0M

Round: Series D
Description: Socure is a predictive analytics platform for digital identity verification of consumers. Founded by Johnny Ayers and Sunil Madhu in 2012, Socure has now raised a total of $194.4M in total equity funding and is backed by investors that include Founder Collective, Citi Ventures, Scale Venture Partners, Accel, and Two Sigma Ventures.
Investors in the round: Accel, Citi Ventures, Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson Capital, Synchrony Ventures, Two Sigma Ventures, Wells Fargo Strategic Capital, Inc.
Industry: Cyber Security, Identity Management, Machine Learning, Predictive Analytics, Security
Founders: Johnny Ayers, Sunil Madhu
Founding year: 2012
Total equity funding raised: $194.4M


13. Rightway Healthcare $100.0M

Round: Series C
Description: Rightway Healthcare is a health technology company that focuses on care navigation and pharmacy services tools. Founded by Jordan Feldman and Theodore Feldman in 2017, Rightway Healthcare has now raised a total of $130.0M in total equity funding and is backed by investors that include Khosla Ventures, Tiger Global Management, and Thrive Capital.
Investors in the round: Khosla Ventures, Thrive Capital, Tiger Global Management
Industry: Analytics, Health Care, Medical
Founders: Jordan Feldman, Theodore Feldman
Founding year: 2017
Total equity funding raised: $130.0M


12. Fireblocks $133.0M

Round: Series C
Description: Fireblocks is a blockchain security service provider for moving, storing, and issuing digital assets. Founded by Idan Ofrat, Michael Shaulov, and Pavel Berengoltz in 2018, Fireblocks has now raised a total of $179.0M in total equity funding and is backed by investors that include BNY Mellon, Ribbit Capital, Galaxy Digital, Digital Currency Group, and Silicon Valley Bank.
Investors in the round: BNY Mellon, Coatue, Cyberstarts, Galaxy Digital, Paradigm, Ribbit Capital, Silicon Valley Bank, Stripes, Swisscom Ventures, Tenaya Capital
Industry: Blockchain, Cyber Security, Digital Media
Founders: Idan Ofrat, Michael Shaulov, Pavel Berengoltz
Founding year: 2018
Total equity funding raised: $179.0M


11. Unite Us $150.0M

Round: Series C
Description: Unite Us provides a collaboration and coordination software, streamlining the delivery of health and social services. Founded by Andrew Price, Daniel Brillman, Kareem Elsirafy, and Taylor Justice in 2013, Unite Us has now raised a total of $195.3M in total equity funding and is backed by investors that include Salesforce Ventures, Oak HC/FT, Emerson Collective, Omidyar Network, and Optum Ventures.
Investors in the round: Define Ventures, Emerson Collective, ICONIQ Capital, Optum Ventures, Salesforce Ventures, Town Hall Ventures, Transformation Capital
Industry: Health Care, Medical, Social CRM, Software
Founders: Andrew Price, Daniel Brillman, Kareem Elsirafy, Taylor Justice
Founding year: 2013
Total equity funding raised: $195.3M


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10. Harry’s $155.0M

Round: Series E
Description: Harry is a developer of an online platform used to sell shaving equipment and accessories for men. Founded by Andy Katz-Mayfield and Jeffrey Raider in 2013, Harry’s has now raised a total of $652.4M in total equity funding and is backed by investors that include Temasek Holdings, BoxGroup, SV Angel, Tiger Global Management, and Highland Capital Partners.
Investors in the round: Bain Capital, Macquarie Capital
Industry: Consumer Goods, E-Commerce, Fashion, Lifestyle, Men’s
Founders: Andy Katz-Mayfield, Jeffrey Raider
Founding year: 2013
Total equity funding raised: $652.4M


9. SecurityScorecard $180.0M

Round: Series E
Description: SecurityScorecard is a cybersecurity platform used for predicting and remediating potential security risks. Founded by Aleksandr Yampolskiy and Sam Kassoumeh in 2013, SecurityScorecard has now raised a total of $292.2M in total equity funding and is backed by investors that include Sequoia Capital, Intel Capital, T. Rowe Price, GV, and Atlas Venture.
Investors in the round: Accomplice, AXA Venture Partners, Boldstart Ventures, Evolution Equity Partners, GV, Hearst’s Financial Venture Fund, Intel Capital, Kayne Anderson Rudnick (KAR), NGP Capital, Riverwood Capital, Silver Lake Waterman, T. Rowe Price
Industry: Cyber Security, Risk Management, Security
Founders: Aleksandr Yampolskiy, Sam Kassoumeh
Founding year: 2013
Total equity funding raised: $292.2M
AlleyWatch’s exclusive coverage of this round: SecurityScorecard Raises $180M for its Industry-Leading Cybersecurity Rating Platform


8. Cityblock Health $192.0M

Round: Series C
Description: Cityblock Health is a tech-driven healthcare provider for those in underserved communities. Founded by Bay Gross, Iyah Romm, Mat Balez, and Toyin Ajayi in 2017, Cityblock Health has now raised a total of $491.3M in total equity funding and is backed by investors that include General Catalyst, Tiger Global Management, 8VC, Redpoint, and Alphabet.
Investors in the round: 8VC, Echo Health Ventures, General Catalyst, Goldman Sachs Asset Management, Kinnevik AB, Maverick Ventures, Redpoint, Thrive Capital, Tiger Global Management, Wellington Management
Industry: Communities, Health Care, Social
Founders: Bay Gross, Iyah Romm, Mat Balez, Toyin Ajayi
Founding year: 2017
Total equity funding raised: $491.3M


7. Cedar $200.0M

Round: Series D
Description: Cedar is a patient payment and engagement platform for hospitals, health systems, and medical groups that elevates the patient experience. Founded by Arel Lidow, Florian Otto, and Kareem Zaki in 2016, Cedar has now raised a total of $326.0M in total equity funding and is backed by investors that include Andreessen Horowitz, JP Morgan Chase, SV Angel, Tiger Global Management, and Sound Ventures.
Investors in the round: Andreessen Horowitz, Concord Health Partners, Thrive Capital, Tiger Global Management
Industry: Billing, FinTech, Health Care, Medical, Payments
Founders: Arel Lidow, Florian Otto, Kareem Zaki
Founding year: 2016
Total equity funding raised: $326.0M
AlleyWatch’s exclusive coverage of this round: Cedar Raises Another $200M for its Patient Financial Engagement Platform and Becomes NYC’s Newest Unicorn


6. WorkFusion $220.0M

Round: Series F
Description: WorkFusion offers automation solutions to enterprises to help them reduce costs and up-skill workforces. Founded by Andrew Volkov and Max Yankelevich in 2009, WorkFusion has now raised a total of $341.3M in total equity funding and is backed by investors that include Inovia Capital, Greycroft, RTP Global, Georgian, and NGP Capital.
Investors in the round: Georgian
Industry: Artificial Intelligence, Enterprise Software, Machine Learning, Productivity Tools
Founders: Andrew Volkov, Max Yankelevich
Founding year: 2009
Total equity funding raised: $341.3M
AlleyWatch’s exclusive coverage of this round: WorkFusion Raises $220M for Enterprise Robotic Process Automation Platform for Regulated Industries



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5. Yotpo $230.0M

Round: Series F
Description: Yotpo is an eCommerce marketing platform that helps brands accelerate their direct-to-consumer growth. Founded by Omri Cohen and Tomer Tagrin in 2011, Yotpo has now raised a total of $406.0M in total equity funding and is backed by investors that include Vertex Ventures, Tiger Global Management, Bessemer Venture Partners, Vintage Investment Partners, and Blumberg Capital.
Investors in the round: Bessemer Venture Partners, ClalTech, Global Coin Ventures, Hanaco Venture Capital, Tiger Global Management, Vertex Ventures, Vintage Investment Partners
Industry: Content, E-Commerce, Marketing, Social Media Marketing
Founders: Omri Cohen, Tomer Tagrin
Founding year: 2011
Total equity funding raised: $406.0M


4. Squarespace $300.0M

Round: Venture
Description: Squarespace is an all-in-one platform for websites, domains, online stores, marketing tools and scheduling. Founded by Anthony Casalena in 2003, Squarespace has now raised a total of $378.5M in total equity funding and is backed by investors that include D1 Capital Partners, General Atlantic, T. Rowe Price, Fidelity Management and Research Company, Dragoneer Investment Group.
Investors in the round: Accel, D1 Capital Partners, Dragoneer Investment Group, Fidelity Management and Research Company, General Atlantic, T. Rowe Price, The Spruce House Partnership, Tiger Global Management
Industry: Developer Tools, E-Commerce Platforms, Software, Web Design
Founders: Anthony Casalena
Founding year: 2003
Total equity funding raised: $378.5M


3. Attentive $470.0M

Round: Series E
Description: Attentive is a personalized mobile messaging platform for innovative brands and organizations. Founded by Andrew Jones, Brian Long, and Ethan Lo in 2016, Attentive has now raised a total of $863.0M in total equity funding and is backed by investors that include D1 Capital Partners, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, and IVP.
Investors in the round: Base10 Partners, Coatue, D1 Capital Partners, IVP, Tiger Global Management
Industry: Advertising, Marketing, Marketing Automation, Messaging, Mobile, Personalization, SaaS, Software
Founders: Andrew Jones, Brian Long, Ethan Lo
Founding year: 2016
Total equity funding raised: $863.0M


2. Dataminr $475.0M

Round: Series F
Description: Dataminr develops an artificial intelligence platform designed for real-time event and risk detection. Founded by Jeff Kinsey, Sam Hendel, and Theodore Bailey in 2009, Dataminr has now raised a total of $1.1B in total equity funding and is backed by investors that include Alumni Ventures Group, FJ Labs, BoxGroup, IVP, and Fidelity.
Investors in the round: ArrowMark Partners, DNS Capital, Eden Global, Eldridge, IVP, Lurra Capital, Moore Capital, Morgan Stanley Tactical Value, MSD Capital, Reinvent Capital, The Pritzker Organization, Valor Equity Partners
Industry: Analytics, Artificial Intelligence, Information Technology, Public Safety, Risk Management
Founders: Jeff Kinsey, Sam Hendel, Theodore Bailey
Founding year: 2009
Total equity funding raised: $1.1B


1. Ro $500.0M

Round: Series D
Description: Ro is a telehealth startup that operates digital health clinics for men’s and women’s health, along with smoking cessation. Founded by Rob Schutz, Saman Rahmanian, and Zachariah Reitano in 2017, Ro has now raised a total of $876.1M in total equity funding and is backed by investors that include General Catalyst, BoxGroup, Initialized Capital, Slow Ventures, and Dragoneer Investment Group.
Investors in the round: 776 Capital, Altimeter Capital, BoxGroup, Dragoneer Investment Group, FirstMark, General Catalyst, Radcliff Group, ShawSpring Partners, SignalFire, The Baupost Group, Torch Capital, TQ Ventures
Industry: Health Care, Health Diagnostics, Hospital, Wellness
Founders: Rob Schutz, Saman Rahmanian, Zachariah Reitano
Founding year: 2017
Total equity funding raised: $876.1M
AlleyWatch’s exclusive coverage of this round: Ro Raises $500M for its Primary Care Telehealth Platform That Makes Healthcare Accessible at a Time When We Need it Most


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Source: https://www.alleywatch.com/2021/04/nyc-startup-funding-top-largest-march-2021-vc/

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