NYC Startup Funding, Month-end Wrap-up: April 2018


April continued the strong year with another good month of funding for NYC startups. Below are five of the largest rounds of funding closed by NYC-based startups during April.


Aetion – $36.4M
Date: 4/11/18
Round: Series B
Industry: Healthcare, Software
Investors: 5 –  Amgen VenturesFlare Capital PartnersLakestarNew Enterprise AssociatesOxeon Partners
Company: Founded in 2013 by Harvard Medical School faculty members, Aetion aims to streamline clinical and financial aspects of the healthcare system. By partnering with healthcare service payors and providers, as well as biopharmaceutical companies and medical device manufacturers, Aetion intends to improve patient care through technology, both medically and financially. To date, Aetion has raised $47.6 million after two rounds of funding.


WorkFusion – $50M
Date: 4/5/18
Round: Series E
Industry: Artificial Intelligence, Enterprise Software, Machine Learning
Investors: 5 – Declaration PartnersGeorgian Partners, Hawk Equity, NGP Capital, iNovia Capital

Company: Founded in 2010, WorkFusion combines robotics, Artificial Intelligence, and workforce orchestration in order to provide automation solutions for global businesses. The focus of the company is to provide software products which allow users to digitize their operations in order to increase productivity and service. To date, WorkFusion has raised $121.3 million after six rounds of funding.


BetterCloud – $60M
Date: 4/5/18
Round: Series E
Industry: Cloud Security, SaaS, Software
Investors: 6 – Accel PartnersBain Capital VenturesFlybridge Capital PartnersGreycroftNew Amsterdam Growth CapitalTribeca Venture Partners
Company: Founded in 2011, BetterCloud is the 'first SaaS Operations Management platform empowering IT to define, remediate, and enforce management and security policies for SaaS applications.' When utilized, BetterCloud allows a company's IT department to better manage and secure a host of SaaS applications. To date, BetterCloud has raised $106.9 million after six rounds of funding.


Knotel – $70M
Date: 4/10/18
Round: Series B
Industry: Coworking, Real Estate
Investors: 5 – Newmark Knight FrankThe Moinian GroupThe Sapir OrganizationWainbridge CapitalWolfson Group
Company: Founded in 2015, Knotel 'designs, builds, and operates custom spaces for established and growing brands.' To date, Knotel has raised $95 million after three rounds of funding.


fuboTV – $75M
Date: 4/18/18
Round: Series D
Industry: Digital Entertainment, Sports
Investors: 6 – 21st Century FoxAMC NetworksLuminari CapitalNorthzoneScripps NetworksSky
Company: Founded in 2014, fuboTV is a subscription-based streaming service providing premium live sports to customers. The service provides access to regional and national programs, and is available across an array of platforms and devices including, TV, tablets, mobile devices, and desktops. To date, foboTV has raised $150.6 million after six rounds of funding.

The First Annual Ignitia Open- $10,000 Cash Prize Pitch Event

Ignitia Office is proud to announce our first annual Ignitia Open! June 20th 2018


What is the Ignitia Open?

The Ignitia Open is a winner-take-all pitch competition open to startups based in New York City.  Hosted by Ignitia Office, a premium coworking space located at 1002 Dean Street in Brooklyn, the winning company will receive $10,000 in cash as well as $10,000 in office rental credit to be used at Ignitia Office for a total prize of $20,000. There is no second place prize.

Each of the companies that reach the final round will receive $2,000 in credit for office space at Ignitia Office

*The event will be judged by investors who manage billions of dollars in capital*


Sponsored By Thompson Hine 


Who Qualifies for The Ignitia Open?

Any startup whose primary office is located in New York City. Additionally, in order to qualify your startup must not be a subsidiary of a larger company, must have raised less than $5 Million in funding and must have less than $250,000 in Monthly Revenue.


How to Apply?

Submit the application form in the link below.


***Click Here To Apply***


What is the timeline for the event?


*Deadline for Application Submissions May 25, 2018*

  • May 1 2018 through May 25 2018- Open Registration 
  • May 25-26- Announcement Semi-finalists Announced
  • May 28 through June 8th- In-Person Semi-Finals
  • June 11- Announcement of Finalist Companies
  • June 20, 2018- Main Event 


Does Ignitia Office take a percentage of our company if we win?

No. The cash and the coworking space are gifted without any exchange of equity. It is yours to keep to help grow your business. We believe in helping the NYC startup community and are excited to do so.

Who will the Judges Be? 


Anthony Westreich- Founding Managing Partner , Monday Properties- Under Mr. Westreich’s leadership, Monday Properties has completed over 60 property transactions representing $13 billion in capital value and 28 million square feet, and has leased over 10 million square feet of office space. Mr. Westreich is an active investor and donator to multiple charities.

Peter Mobberley- Managing Director at Stamford-based SPM LLC Hedge Fund- SPM has over $1.5 Billion in assets under management. Peter is an expert in fundraising and throughout his career has raised over $600 million in capital for various funds  

Josh Bobrowsky- CoFounder & CEO of Ignitia Office: Ignitia Office has raised $5 million in Seed Round funding and was named "Top NYC Startups for of 2018" by Inc Magazine. Josh is a serial entrepreneur with over 15 years experience building and running companies.

Terry Rice- Founder of Brooklyn Digital Marketing- Terry is a digital marketing expert and SXSW Keynote speaker. Former employee of Facebook, he currently consults with Venture Capital firms to evaluate potential investments based on their Digital Marketing presence. He also mentors startups at Techstars and the NYU Entrepreneurial Institute.


Jeffrey Bergman- General Counsel and Executive Vice President of Expansion and Development, Westchester Management- Jeff raised capital for The Bergman Residential Real Estate Fund, LP (“BRREF”), a fund managed by Westchester Management, which launched in April of 2016. BRREF  has acquired nearly $100 million worth of assets, and Westchester Management now manages approximately $225 million in assets.

Kristina Fan- Co-founder and CEO of 7 Chord, a fintech start-up that empowers bond traders with predictive pricing and trading signals. BA in Economics from NYU, MSc in Finance from LSE. Markets Choice Awards: Women in Finance 2017. Barclays Accelerator, by #Techstars, Class of 2017.

Jason Cahill- Managing director of McCune Capital (Venture Capital Firm), Jason is an early stage investor specializing in supply chain, infrastructure, agtech and cleantech. Additionally, Jason is a US Army Special Forces combat veteran and a adjunct professor at Columbia University.



For any additional questions about the event please feel free to call or submit a form request.