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.


5 of the Largest Rounds of Funding for NYC-based Startups in 2018

 

2018 was a banner year for NYC-based startup funding. Below are five of the largest rounds of funding closed by NYC-based startups throughout 2018.

 

UiPath – $265M
Date: 11/15/18
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.

 

Oscar Health – $375M
Date: 8/14/18
Round: Corporate Round
Industry: Healthcare, Information Technology
Investors: 1 – Alphabet
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 over $1.3 billion after eight rounds of funding.

 

Compass – $400M
Date: 9/27/18
Round: Series F
Industry: Real Estate
Investors: 4 – Softbank Vision Fund, Qatar Investment Authority, IVP (Institutional Venture Partners), Fidelity Investments
Company: Founded in 2012, Compass is a mobile app that pairs prospective real-estate buyers and sellers. With 30 offices in 19 regions, Compass caters to the luxury high end market.  To date, Compass has raised more than $1.2 billion after fourteen rounds of funding.

 

Letgo – $500M
Date: 8/8/18
Round: Series E
Industry: E-commerce, Online Shopping, Internet Marketplace
Investors: 1 – Naspers
Company: Founded in 2015, letgo is a free app that allows users to buy and sell products online. Using advanced AI technology, letgo allows users to take pictures of their products, then automatically identifies, categorizes, and lists them. According to the website, in their first two years in business, letgo’s app has been downloaded over 75 million times, and over 200 million items have been listed on the site. According to letgo, this makes them, ‘the largest and fastest growing app to buy and sell locally.’ To date, letgo has raised over $975 million after five rounds of funding.

 

Peloton – $550M
Date: 8/2/18
Round: Series F
Industry: Fitness, Cycling, Video Content
Investors: 10 – Winslow Capital, Wellington Management, True Ventures, Tiger Global Management, TCV, NBCUniversal, Kleiner Perkins, Fidelity Management and Research Company, Felix Capital, Balyasny Asset Mgt
Company: Founded in 2012, Peloton is a new high tech fitness concept that allows users live streaming access to elite fitness classes and instructors based in the NYC area. One of the standout stars of fitness from Silicon Alley, Peloton uses a specifically designed cycling hardware that merges with their software and content to revolutionize the at-home fitness space. To date, Peloton has raised over $994.7 million after eight rounds of funding.

 

Here's to hoping 2019 is even better!


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

 

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
Date: 11/7/18
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
Date: 11/6/18
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
Date: 11/2/18
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
Date: 11/15/18
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
Date: 11/15/18
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!