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

 

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
Date: 3/21/18
Round: Series D
Industry: Education, Finance, Fintech
Investors: 8 – August CapitalColumbia Seligman InvestmentsFifth Third CapitalFirst Republic BankNeuberger Berman GroupNyca PartnersThomas GlocerVikram 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
Date: 3/8/18
Round: Series A
Industry: Biotechnology
Investors: 9 – Adage Capital ManagementAlexandria Venture InvestmentsBiotechnology Value FundBoxer CapitalEcoR1 CapitalOmega FundsOrbiMedPontifaxRA 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.

 

Warby Parker – $75M
Date: 3/14/18
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
Date: 3/6/18
Round: Series B
Industry: Robotics, Automation
Investors: 6 – Accel PartnersCapitalGCredo VenturesEarlybird Venture CapitalKleiner Perkins Caufield & ByersSeedcamp
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
Date: 3/27/18
Round: Venture Round
Industry: Healthcare, Information Technology
Investors: 8 – 8VCCapitalGFidelity InvestmentsFounders FundGeneral CatalystKhosla VenturesThrive CapitalVerily
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.