Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for Q1 2023. 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.
16. Dayforward $25.0M
Round: Series B
Description: Dayforward is a provider of a life insurance platform designed to bring financial security to families. Founded by Aaron Shapiro and Mallika Khandelwal in 2019, has now raised a total of $45.0M in total equity funding and is backed by Tusk Venture Partners, Juxtapose, AXA Venture Partners, Hudson Structured Capital Management, and HSCM Ventures.
Investors in the round: AXA Venture Partners, HSCM Ventures, Juxtapose, Munich Re Ventures
Month of Funding: January
Industry: Family, Financial Services, InsurTech, Life Insurance
Founders: Aaron Shapiro, Mallika Khandelwal
Founding year: 2019
Total equity funding raised: $45.0M
AlleyWatch’s exclusive coverage of this round: Dayforward Raises Another $25M to Make Life Insurance More Accessible Through its Tech-Enabled 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.
15. Canoe $25.0M
Round: Series B
Description: Canoe develops an AI technology to help alternative investment firms streamline their data management processes. Founded by Wei Wang in 2013, Canoe has now raised a total of $25.0M in total equity funding and is backed by The Carlyle Group, F-Prime Capital, Hamilton Lane, Eight Roads Ventures, and Nasdaq Ventures.
Investors in the round: Eight Roads Ventures, F-Prime Capital
Month of Funding: February
Industry: Analytics, Artificial Intelligence, Big Data, Business Intelligence, FinTech, Machine Learning, SaaS
Founders: Wei Wang
Founding year: 2013
Total equity funding raised: $25.0M
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.
14. Blank Street $26.8M
Round: Venture
Description: Blank Street is a coffee chain that offers coffee as a daily ritual that more people can enjoy, in places convenient to their lives. Founded by Issam Freiha and Vinay Menda in 2020, Blank Street has now raised a total of $93.8M in total equity funding and is backed by General Catalyst, Tiger Global Management, FJ Labs, HOF Capital, and Quiet Capital.
Investors in the round: General Catalyst, Tiger Global
Month of Funding: March
Industry: Coffee, Food and Beverage, Hospitality, Restaurants
Founders: Issam Freiha, Vinay Menda
Founding year: 2020
Total equity funding raised: $93.8M
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.
13. Spiral $28.0M
Round: Series A
Description: Spiral allows banks and financial institutions to increase customer engagement by embedding sustainability and social impact capabilities. Founded by Dan Blumenfeld and Shawn Melamed in 2019, Spiral has now raised a total of $42.0M in total equity funding and is backed by Team8, Phoenix Insurance Company, Euclidean Capital, Communitas Asset Management, and Nidoco.
Investors in the round: Communitas Asset Management, Euclidean Capital, Intuition Fund, Nidoco, Phoenix, Team8
Month of Funding: March
Industry: Apps, Banking, Charity, FinTech, Software
Founders: Dan Blumenfeld, Shawn Melamed
Founding year: 2019
Total equity funding raised: $42.0M
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.
12. Welcome Homes $29.0M
Round: Series A
Description: Welcome Homes is the online home building platform that makes buying and designing new homes simple and more affordable. Founded by Alec Hartman, Ben Uretsky, Jesse Mauro, Marc Hartman, Mitch Wainer, and Moisey Uretsky in 2020, has now raised a total of $34.4M in total equity funding and is backed by Gaingels, Alumni Ventures, Founders First Capital Partners, Foundamental, and Soma Capital.
Investors in the round: Activant Capital, Arkin Holdings, Elefund, Era Ventures, Foundamental, Gaingels, Global Founders Capital, Montage Ventures, Parker89
Month of Funding: January
Industry: Real Estate, Residential
Founders: Alec Hartman, Ben Uretsky, Jesse Mauro, Marc Hartman, Mitch Wainer, Moisey Uretsky
Founding year: 2020
Total equity funding raised: $34.4M
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.
11. Novata $30.0M
Round: Series B
Description: Novata is an ESG platform built for private markets. Founded by Alexander Friedman, Christina M. Alfonso-Ercan, and Josh Green in 2021, Novata has now raised a total of $51.0M in total equity funding and is backed by Kohlberg & Company, Hamilton Lane, Omidyar Network, Hellman & Friedman, and S&P Global.
Investors in the round: Canson Capital Partners, Clearlake Capital Group, Ford Foundation, Hamilton Lane, Hellman & Friedman, Kohlberg & Company, Lindsay Goldberg, Microsoft Climate Innovation Fund, S&P Global, Vistria Group
Month of Funding: February
Industry: Big Data, Information Services, Information Technology, Software
Founders: Alexander Friedman, Christina M. Alfonso-Ercan, Josh Green
Founding year: 2021
Total equity funding raised: $51.0M
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.
11. Vitally $30.0M
Round: Series B
Description: Vitally is a customer success platform (CSP) designed for maximizing productivity, visibility and collaboration, plus eliminate churn. Founded by Jamie Davidson and Patrick Vatterott in 2017, Vitally has now raised a total of $39.3M in total equity funding and is backed by Techstars, Andreessen Horowitz, Right Side Capital Management, Founder Collective, and Zelkova Ventures.
Investors in the round: Andreessen Horowitz, HubSpot Ventures, NewView Capital, Next47
Month of Funding: February
Industry: Analytics, B2B, Data Visualization, Internet, Productivity Tools, SaaS
Founders: Jamie Davidson, Patrick Vatterott
Founding year: 2017
Total equity funding raised: $39.3M
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.
10. Candy Digital $38.4M
Round: Series A
Description: Candy Digital is an NFT company that allows MLB fans to buy and trade officially licensed nonfungible tokens. Founded by Michael G. Rubin and Mike Novogratz in 2021, has now raised a total of $138.4M in total equity funding and is backed by ConsenSys, Gaingels, Insight Partners, Galaxy Digital, and New Enterprise Associates.
Investors in the round: 10T Holdings, ConsenSys, ConsenSys Mesh, Galaxy Digital
Month of Funding: January
Industry: Blockchain, Collectibles, Sports
Founders: Michael G. Rubin
Founding year: 2021
Total equity funding raised: $138.4M
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. Precision Neuroscience $41.0M
Round: Series B
Description: Precision Neuroscience is a neural platform that engages in brain-computer interface technology. Founded by Benjamin Rapoport, Demetrios Papageorgiou, Mark Hettick, and Michael Mager in 2021, has now raised a total of $53.0M in total equity funding and is backed by Alumni Ventures, Draper Associates, Steadview Capital, Mubadala Capital Ventures, and B Capital Group.
Investors in the round: Alumni Ventures, B Capital Group, Draper Associates, Forepont Capital Partners, Mubadala Capital Ventures, re.Mind Capital, Steadview Capital
Month of Funding: January
Industry: Medical, Medical Device, Neuroscience, Product Research
Founders: Benjamin Rapoport, Demetrios Papageorgiou, Mark Hettick, Michael Mager
Founding year: 2021
Total equity funding raised: $53.0M
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.
8. DataDome $42.0M
Round: Series C
Description: DataDome is a cybersecurity company that provides bot protection software to detect and prevent online fraud. Founded by Benjamin Fabre and Fabien Grenier in 2015, DataDome has now raised a total of $81.2M in total equity funding and is backed by Wilco, 50 Partners, Isai, InfraVia Capital Partners, and Quentin Nickmans.
Investors in the round: Elephant, InfraVia Capital Partners, Isai
Month of Funding: March
Industry: Analytics, Cyber Security, E-Commerce, Internet, SaaS, Software
Founders: Benjamin Fabre, Fabien Grenier
Founding year: 2015
Total equity funding raised: $81.2M
AlleyWatch’s exclusive coverage of this round: DataDome Raises Another $42M to Prevent Bot Attacks in Real-Time
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. Masttro $43.0M
Round: Series A
Description: Masttro is a Swiss financial technology company that provides wealth information solutions for high net worth families and family offices. Founded by Javier M Gutierrez in 2010, Masttro has now raised a total of $43.0M in total equity funding and is backed by FTV Capital and Citi Ventures.
Investors in the round: Citi Ventures, FTV Capital
Month of Funding: March
Industry: Financial Services, FinTech, Legal Tech, Privacy, Wealth Management
Founders: Javier M Gutierrez
Founding year: 2010
Total equity funding raised: $43.0M
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. Wunderkind $76.0M
Round: Series C
Description: Wunderkind enables brands to better recognize their customers online, providing 1-to-1 marketing at scale. Founded by Andreas Spartalis, Brooke Partelow, Cole Sharp, Namik Abdulzade, and Ryan Urban in 2010, Wunderkind has now raised a total of $151.9M in total equity funding and is backed by Silicon Valley Bank, Neuberger Berman Group, Primary Venture Partners, Battery Ventures, and Western Technology Investment.
Investors in the round: Neuberger Berman Group
Month of Funding: March
Industry: Advertising, Analytics, Digital Marketing, Enterprise Software, Information Technology, SaaS
Founders: Andreas Spartalis, Brooke Partelow, Cole Sharp, Namik Abdulzade, Ryan Urban
Founding year: 2010
Total equity funding raised: $151.9M
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.
5. LeafLink $100.0M
Round: Series D
Description: LeafLink is a wholesale management platform that connects cannabis brands and retailers. Founded by Ryan Smith and Zach Silverman in 2016, LeafLink has now raised a total of $229.0M in total equity funding and is backed by RIV Capital, Lerer Hippeau, Thrive Capital, CPMG, and Founders Fund.
Investors in the round: CPMG, L2 Ventures, Nosara Capital
Month of Funding: February
Industry: B2B, Cannabis, Marketplace, SaaS, Wholesale
Founders: Ryan Smith, Zach Silverman
Founding year: 2016
Total equity funding raised: $229.0M
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.
4. Via $110.0M
Round: Venture
Description: Via is a transport company that offers public mobility solutions for transit agencies, school districts, cities, and corporations. Founded by Daniel Ramot and Oren Shoval in 2012, Via has now raised a total of $887.1M in total equity funding and is backed by BlackRock, Mercedes-Benz Group AG, Kapor Capital, Macquarie Capital, and 83North.
Investors in the round: 83North, Common Fund, EXOR N.V., ION Crossover Partners, Janus Henderson Investors, Pitango VC, Planven Entrepreneur Ventures, RiverPark Ventures
Month of Funding: February
Industry: Logistics, Mobile Apps, Real Time, Ride Sharing, Transportation
Founders: Daniel Ramot, Oren Shoval
Founding year: 2012
Total equity funding raised: $887.1M
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. Chronosphere $115.0M
Round: Series C
Description: Chronosphere develops a scalable, reliable, and customizable monitoring solution built for cloud-native applications. Founded by Martin Mao and Rob Skillington in 2019, has now raised a total of $342.5M in total equity funding and is backed by GV, Founders Fund, Lux Capital, General Atlantic, and Spark Capital.
Investors in the round: Addition, Founders Fund, General Atlantic, Geodesic Capital, Glynn Capital Management, Greylock, GV, Lux Capital
Month of Funding: January
Industry: Analytics, Cloud Infrastructure, Information Technology, Productivity Tools, SaaS
Founders: Martin Mao, Rob Skillington
Founding year: 2019
Total equity funding raised: $342.5M
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.
2. Amogy $139.2M
Round: Series B
Description: Amogy offers an innovative clean energy system using ammonia as a renewable fuel. Founded by Hyunho Kim, Jongwon Choi, Seonghoon Woo, and Young Suk Jo in 2020, Amogy has now raised a total of $208.3M in total equity funding and is backed by Yanmar Ventures, Amazon, DCVC, Temasek Holdings, and Newlab.
Investors in the round: AP Ventures, Aramco Ventures, DCVC, Korea Zinc, MOL PLUS, SK Innovation, Temasek Holdings, Yanmar Ventures, Zeon Ventures
Month of Funding: March
Industry: Clean Energy, CleanTech, Energy, Renewable Energy, Sustainability
Founders: Hyunho Kim, Jongwon Choi, Seonghoon Woo, Young Suk Jo
Founding year: 2020
Total equity funding raised: $208.3M
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.
1. Paradigm $203.0M
Round: Series A
Description: Paradigm is rebuilding the clinical research ecosystem. Founded by Milind Kamkolkar in 2022, has now raised a total of $203.0M in total equity funding and is backed by General Catalyst, GV, ARCH Venture Partners, Mubadala Capital Ventures, and F-Prime Capital.
Investors in the round: ARCH Venture Partners, BrightEdge Fund, F-Prime Capital, General Catalyst, GV, Lux Capital, Magnetic Ventures, Mubadala Capital Ventures
Month of Funding: January
Industry: Health Care, Health Diagnostics, Hospital, Life Science
Founders: Milind Kamkolkar
Founding year: 1993
Total equity funding raised: $203.0M
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.
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- Source: https://www.alleywatch.com/2023/04/nyc-startup-funding-top-largest-q1-2023-vc/
