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.

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