March was another terrific month for NYC-based startup funding. Below are five of the largest rounds of funding closed by NYC-based startups in March of 2018.
CommonBond – $50M
Round: Series D
Industry: Education, Finance, Fintech
Investors: 8 – August Capital, Columbia Seligman Investments, Fifth Third Capital, First Republic Bank, Neuberger Berman Group, Nyca Partners, Thomas Glocer, Vikram Pandit
Company: Founded in 2011, CommonBond is a financial services lender specializing in the refinancing of student loans. The company aims to make student loan debt more affordable, while also allowing investors to see a healthy ROI. To date, CommonBond has raised $803.6 million after eight rounds of funding.
Prevail Therapeutics – $75M
Round: Series A
Investors: 9 – Adage Capital Management, Alexandria Venture Investments, Biotechnology Value Fund, Boxer Capital, EcoR1 Capital, Omega Funds, OrbiMed, Pontifax, RA Capital Management
Company: Founded in 2017, Prevail Therapeutics is a biotechnology company specializing in the development of new gene therapies for the treatment of Parkinson’s, and other neurodegenerative diseases. To date, Prevail Therapeutics has raised $75 million after one round of funding.
Round: Series E
Industry: E-commerce, Fashion, Retail
Investors: 1 – T. Rowe Price
Company: Founded in 2010, Warby Parker is a fashion and lifestyle brand offering eyewear at a fraction of the cost of traditional brands. As a pioneer in socially conscious business practices, Warby Parker has donated more than 3 million pairs of eye glasses to those who would otherwise not be able to afford them. To date, Warby Parker has raised $290.5 million from seven rounds of funding.
UiPath – $153M
Round: Series B
Industry: Robotics, Automation
Investors: 6 – Accel Partners, CapitalG, Credo Ventures, Earlybird Venture Capital, Kleiner Perkins Caufield & Byers, Seedcamp
Company: Founded in 2012, UiPath is a software and automation robotics company. UiPath aims to streamline tedious tasks such as document management and data extraction, and is currently used by thousands of companies. To date, UiPath has raised $183 million from three rounds of funding.
Oscar Health – $165M
Round: Venture Round
Industry: Healthcare, Information Technology
Investors: 8 – 8VC, CapitalG, Fidelity Investments, Founders Fund, General Catalyst, Khosla Ventures, Thrive Capital, Verily
Company: Founded in 2013, Oscar Health is a medical insurance company aimed at easing the process for its patients. The company offers individual, couple, and family plans, and is currently available in New York, New Jersey, California, and Texas. To date, Oscar Health has raised $892.5 million from seven rounds of funding.