NYC Startup Funding, Month-end Wrap-up: January 2019

2019 picked up right where 2018 left off for NYC startup funding. Below are some of the largest rounds of funding closed by NYC-based startups over the the last month.

Kustomer – $35M
Date: 1/24/19
Round: Series C
Industry: CRM, SaaS, Enterprise Software
Lead Investor: Battery Ventures
Company: Founded in 2015, Kustomer is a Customer Relationship Management (CRM) software company. Rather than focusing on tickets, Kustomer is a platform which allows users to focus on their customer service and customer relationships. To date, Kustomer has raised over $73.5 million after four rounds of funding.

The Farmer’s Dog – $39M
Date: 1/15/19
Round: Series B
Industry: E-commerce, Pet Food Products
Lead Investor: Insight Venture Partners
Company: Founded in 2014, The Farmer’s Dog is a high-quality dog food manufacturer that delivers healthy and balanced freshly made dog food. The Farmer’s Dog uses only human-grade USDA ingredient and customized its meal plans for each dog based on their individual profile. To date, The Farmer’s Dog has raised more than $49.1 million after three rounds of funding.

Stelexis Therapeutics – $43M
Date: 1/8/19
Round: Series A
Industry: Therapeutics, Healthcare
Lead Investor: Deerfield Capital Management
Company: Founded in 2017, Stelexis Therapeutics goal is to develop novel drugs and to utilize its proprietary platform of targeting per-cancerous stem cells in order to become the leading cancer therapeutic company in the world. To date, Stelexis Therapeutics has raised $43 million after one round of funding.

Andela – $100M
Date: 1/23/19
Round: Series D
Industry: Recruiting, Software, Training
Lead Investor: Generation Investment Management
Company: Founded in 2014, Andela aims to address the global tech talent shortage by recruiting Africa’s top software developers. Over the past four years, Andela has hired more than 1,000 developers from over 100,000 applicants, and was also named the ‘Best Place to Work in Africa’. To date, Andela has raised more than $181 million after six rounds of funding.

Infor – $1.5B
Date: 1/16/19
Round: Private Equity Round
Industry: Cloud Data Service, Enterprise, Information Technology
Lead Investor: Koch Equity Development and Golden Gate Capital
Company: Founded in 2002, Infor provides enterprise software and services worldwide. Infor is the largest privately held technology provider in the world and has acquired over 40 other software companies since its founding in 2002. To date, Infor has raised more than $4 billion in funding.

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