July NYC Startup Funding Recap

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.

Founded: 2010

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.

Founded: 2013

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.

Founded: 2008

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.

Founded: 2008

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.

Founded: 2009

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.

Founded: 2013

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.

Founded: 2015

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.

Founded: 2011

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.

Founded: 2010

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.

Founded: 2012

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.

Founded: 2014

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.

Founded: 2015

Investors: Volition Capital

Funding history: $16.7 million in three rounds.



-By Todd Stone