NYC Startup Funding June Recap

NYC startups raised $700 million in June, thanks in particular to some late stage investments. (These numbers do not include companies that strictly focus on biotech and real estate.

Gemi $16 Million  The company has strong roots in Italian design, secured $16 million in Series C funding. The investment was announced on June 20th, and included lead investors Hurbert Burda, Forerunner Ventures, Principal Investments, Accel Partners, and General Catalyst.


Augury $17 Million This data analytics company specializes in maintenance strategies to help companies lower their carbon footprint. Augury obtained $17 million in Series B funding on June 19th. Some of the main investors in the round included Eclipse, Hartford Steam Boiler, and Munich Re/HSB Ventures.  


Bowery Farming Inc $20 Million.-Built on a bedrock commitment to grow only the purest,  most organic food, Bowery Farming creates local indoor farms that grown pesticide-free produce. The company raised an impressive $20 million in a Series A round which included key investors GGV Capital and General Catalyst. The funding was announced on June 14th.


Untuckit $30 MillionWhile the concept behind this high-end dress shirt company might seem simple (elegant men’s shirts that are designed not to be tucked in,) the company is thriving in the difficult clothing retail sector. Untuckit announced on June 5th that the company raised a $30 million June round, lead by Kleiner Perkins.


FuboTV $30 MillionAfter an earlier $30 million raise, the local sports streaming service FuboTV, which lets customers livestream and record games and matches from the MLB, NASCAR and UFC, raised $55 million in Series C funding. The June 19th announcement included investors 21st Century Fox, SkySports, and Northzone.


Cadre $65 MillionThis financial services and real estate company set the tone early in June by announcing $65 million in Series C funding. The announcement came on June 6th, and included lead investors Andreessen Horowitz, Goldman Sachs, Thrive Capital, Ford Foundation, and General Catalyst.

ClassPass $70 Million The exercise and dance class company offers an array of pass options for fitness classes in over 30 cities worldwide, and connects members to over 8,000 studios in New York alone. The company raised $70 million in Series C funding in June, with lead investors Temasek Holdings, M13, GV, CRV, Fifth Wall, and General Catalyst.


Freshly $77 Million- As a meal preparation company, Freshly delivers high-quality meals with elevated ingredients that can be ready in three minutes. The company offers various meal plans and vows to make the world eat healthy and feel better. They also had a banner month of June, raising $77 million in Series C funding that was announced on June 20th.  Leading the round were Nestle, White Star Capital, Highland Capital Partners, and Insight Venture Partners.


Casper $170 Million- The company offers pressure-relieving memory foam mattresses, and has expanded its line to include intricately designed pillows and sheets. Raising an astonishing $170 million this month, Casper secured Series C funding through a group of investors that included Target, Melo7 Tech Partners, NVP, New Enterprise Associates, and a slew of celebrity investors such as Kevin Spacey, Andre Iguodala, Curtis “50 Cent” Jackson, Kyrie Irving, and Shaun White. The announcement for the funding came on June 18th.


By Brendan Fitzgibbons