July 2017 NYC Funding – Startup Recap
NYC startups raised about $1.3 billion in July. More than half of this came from a $760 million investment in the coworking behemoth, WeWork. And a significant amount of new investment went to FinTech startups. Here are the top 12 largest rounds.
WeWork: $760 million – July 10
Bio: WeWork is a coworking company, providing office space and community at 210 locations in 52 cities worldwide. WeWork launched WeLive in 2016, which provides housing at two locations: 110 Wall Street in NYC, and 2221 S. Clark St. in Washington D.C.
Investors: Not disclosed. Earlier investors include Aber Whitcomb, Aleph and Benchmark.
Funding history: $4.45 billion in 11 rounds. This round puts WeWork’s estimated valuation at over $20 billion.
Vroom: $76 million – July 14
Bio: Vroom allows users to buy and sell used cars online.
Investors: General Catalyst, L Catterton, T.Rowe Price
Funding history: $295 million in six rounds.
Betterment: $70 million – July 21
Bio: Betterment is a goal-oriented online investment company, delivering personalized financial advice and low fees.
Investors: Francisco Partners, Menlo Ventures, Bessemer Venture Partners and Kinnevik AB
Funding history: $275 million in seven rounds.
Bitly: $63 million – July 12
Bio: Bitly is a URL shortening service, used primarily on social networks, email and SMS platforms.
Investors: Spectrum Equity
Funding history: $91.5 million in 5 rounds
Artsy: $50 million – July 18
Bio: Artsy is a global platform for discovering and collecting art. Its mission to make the art world easily accessible to anyone with an internet connection. The company has over 180 employees globally with 800,000 artworks in its database and a full suite of tech products behind its platform.
Investors: Bob Pittman, Rich Barton, Sky Dayton, Wendi Murdoch, Dasha Zhukova, Greg Maffei, Joe Gebbia, Larry Gagosian, Shumway Capital, Thrive Capital, L Catterton and Avenir Growth Capital
Funding history: $100.88 in seven rounds.
Transfix: $42 million – July 11
Bio: Transfix provides free, industry-leading technologies and brokerage services to independent over-the-road truck drivers and small carriers.
Investors: New Enterprise Associates, Canvas Ventures, Lerer Hippeau Ventures
Funding history: $78.5 million in four rounds.
Stash: $40 million – July 11
Bio: Stash is on a mission to empower a new generation of investors, giving everyone access to financial opportunity.
Investors: Coatue Management, Goodwater Capital, Peter Thiel, Valar Ventures, Breyer Capital
Funding history: $78.75 million in five rounds.
Dynamic Yield: $31 million – July 20
Bio: Dynamic Yield provides personalization, recommendations, 1:1 messaging, and yield optimization across web, mobile, and email.
Investors: ClalTech, Vertex Ventures, Baidu, Deutsche Telekom Capital Partners, Marker, Innovation Endeavors, Emerge, Global Founders Capital, La Maison Interiors, Bessemer Venture Partners
Funding history: $45.25 million in five rounds.
Flashpoint: $28 million – July 12
Bio: Flashpoint delivers Business Risk Intelligence (BRI) to empower business units across organizations to inform decisions and mitigate risk.
Investors: Georgian Partners, Cisco Investments, Bloomberg Beta, Jump Capital, Leaders Fund, TechOperators, Greycroft Partners
Funding history: $43 million in three rounds.
ExecOnline: $16 million – July 27
Bio: ExecOnline provides companies with executive training solutions.
Investors: NewSpring Capital, New Atlantic Ventures, Osage Venture Partners, Kaplan, Thomas Lehrman
Funding history: $22.93 million in five rounds.
Rebagg: $15.5 million – July 26
Bio: Rebagg purchases high-end designer handbags for cash. They offer guaranteed pricing and prepaid shipping anywhere within the US.
Investors: Novator, General Catalyst, U-Start, Crosslink Capital, Big Sur Ventures, FJ Labs
Funding history: $28.3 million in four rounds.
Recycle Track Systems: $11.7 million – July 7
Bio: Recycle Track Systems is innovating waste and recycling management through the use of real time technologies and data analytics.
Investors: Volition Capital
Funding history: $16.7 million in three rounds.
-By Todd Stone