While November did not see the monstrous rounds of funding so common over the summer, it nevertheless remained strong for NYC startup funding. Below are five of the larger rounds of NYC startup funding over the course of November 2018.
Force Therapeutics – $21M
Round: Venture Round (Series unknown)
Industry: Health Care, Mobile App
Investors: 1 – Insight Venture Partners
Company: Founded in 2010, Force Therapeutics is a company which provides mobile and web-based physical therapy videos and tutorials to its patients. The company allows physicians to work with their patients remotely in the comfort of their own home. To date, Force Therapeutics has raised over $25.7 million in NYC startup funding.
RapidSOS – $30M
Round: Series B
Industry: Public Safety, Mobile App, IoT
Investors: 8 – Two Sigma Ventures, The Westly Group, Ralph de la Vega, Playground Global, M12, Highland Capital Partners
Company: Founded in 2013, RapidSOS uses proprietary technology to integrate with 911 in order to analyze information as to when and where emergencies are occurring. RapidSOS then uses this data to alert people of situations in real-time so that users can safely avoid these areas. To date, RapidSOS has raised over $65.6 million in NYC startup funding.
Dynamic Yield – $38M
Round: Series D
Industry: Enterprise Software, Publishing, E-commerce
Investors: 4 – Viola Growth, Union Tech Ventures, Naver Corporation, Bessemer Venture Partners
Company: Founded in 2011, Dynamic Yield helps marketers increase revenue by automatically personalizing each customer interaction across web, mobile apps and email. Dynamic Yield’s AI allows marketers to take instant action to target optimized messages for individual clients. To date, Dynamic Yield has raised over $83.3 million in NYC startup funding.
Dia&Co – $40M
Round: Series C
Industry: Fashion, Retail, E-commerce
Investors: 2 – Union Square Ventures, Sequoia Capital
Company: Founded in 2014, Dia&Co allows plus sized customers the ability to try on clothes in the comfort of their own home. Customers take a survey of their tastes and are then sent five-item boxes of clothing and accessories. They buy the pieces they like and send the rest back. To date, Dia&Co has raised over $90 million in NYC startup funding.
UiPath – $265M
Round: Series C
Industry: Automation, Enterprise Software, Information Technology, Robotics
Investors: 6 – Sequoia Capital, Meritech Capital Partners, Madrona Venture Group, IVP (Institutional Venture Partners), CapitalG, Accel
Company: Founded in 2005, 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 more than $448 million after four rounds of funding. This round was an additional $40 million to a Series C previously announced.
We look forward to reporting on the 2018 year-end next month!