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

2018 picked up right where 2017 left off with a strong opening month of funding for NYC-based startups. Below, Ignitia recaps five of the largest rounds from January.

Ollie – $15M
Date: 1/19/18
Round: Series A
Industry: Real Estate
Investors: 3 – Aviva InvestorsThe Moinian GroupTexas Employees Retirement System
Company: Founded in 2012, Ollie provides fully furnished luxury co-living studio apartments. These rooms include hotel-styled services such as a weekly a cleaning, regular replenishment of bathing amenities, high speed wifi, and premium cable. Ollie is currently in five U.S. cities, including New York, Pittsburgh, Los Angeles, Jersey City, and Boston and is looking to expand further. To date, Ollie has closed $15 million after their first round of funding.

CareDox – $16M
Date: 1/17/18
Round: Series B
Industry: Education, Health Care
Investors: 6 – AI Life Sciences Investments7wire VenturesDigitalis Ventures, Prolog VenturesStartUp HealthWanxiang Healthcare Investments
Company: Founded in 2010, CareDox leverages data collected by the nation’s largest health delivery system: the K-12 public school system. CareDox seamlessly provides HIPAA compliant digital records from a child’s doctor to the school. Such information as allergies and immunizations assists school nurses in caring for individual students. CareDox is already being used at over 4,000 public schools and growing. To date, CareDox has raised $32.6 million after eight rounds of funding.

Visible Alpha – $38M
Date: 1/18/18
Round: Venture Round
Industry: FinTech, Analytics, Big Data
Investors: 8 – BNP ParibasBanco SantanderBank of AmericaGoldman SachsMacquarie GroupRoyal Bank of CanadaSantander InnoVenturesWells Fargo & Company
Company: Founded in 2012, Visible Alpha has developed a proprietary set of financial tools that allow analysts and investors to view their data in never before seen ways. The new platform promises to provide analysts insights of forecasts in ways never before possible . To date, Visible Alpha has already seen investments from Goldman Sachs, Bank of America, Citi, Morgan Stanley, UBS, and Wells Fargo just to name a few. Visible Alpha has raised $38 million after one round of funding.

Quartet – $40M
Date: 1/3/18
Round: Series C
Industry: Healthcare, Information Technology
Investors: 5 – Deerfield Capital ManagementF-Prime Capital PartnersGVOak HC/FTPolaris Partners
Company: Founded in 2014, Quartet helps connect patients and mental health professionals. By bringing the quartet of parties together – patients, clinicians, health care providers, and payers – Quartet aims to streamline the patient care process while lowering costs. To date, Quartet has raised $87 million from three rounds of funding.

MoneyLion – $42M
Date: 1/4/18
Round: Series B
Industry: FinTech, AI
Investors: 5 – DHVC (Danhua Capital)Edison PartnersFinTech CollectiveGreenspring AssociatesGrupo SURA
Company: Founded in 2013, MoneyLion is a platform targeted at providing financial advice and guidance to the middle class. By connecting your banking information and credit cards, MoneyLion monitors your spending habits and provides advice based on your specific circumstances and needs. As of today, over 1 million people are currently using MoneyLion. To date, MoneyLion has raised $67.5 million from four rounds of funding.

 

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