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Investments

100

Portfolio Exits

23

Partners & Customers

1

About Partnership Fund for New York City

The Partnership Fund for New York City was founded by Henry R. Kravis and capitalized by leaders of global business and finance. Our mission is to mobilize our investors' resources in order to create a more diversified local economy. We have established a network of leading experts from the investment and corporate spheres who aid us in identifying and supporting New York City's most promising entrepreneurs, in both the for-profit and not-for-profit sectors. Established in 1996, the Fund operates as the economic development extension of Partnership NYC, the leading voice for New York's business community. Each of our sixty-seven initial investors contributed $1 million to capitalize the fund for the benefit of New York City, and without expectation of financial return. To date, the Partnership Fund has invested in over 100 exemplary projects that have made and continue to make meaningful impact in local economic growth. As an evergreen fund, realized gains are reinvested in deserving projects. The Partnership Fund has raised in excess of $120 million, and our investments typically range in size from $1 million to $5 million. We provide equity or debt, structured to meet the particular needs of the project. We will invest at any stage of business development, but seek to exit in about five years.

Partnership Fund for New York City Headquarter Location

One Battery Park Plaza 5th Floor

New York, New York, 10004,

United States

212-493-7548

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Latest Partnership Fund for New York City News

10 Startup Tech Firms Qualify for New York’s Innovation Lab 2022

Apr 5, 2022

April 5, 2022 Ten emerging technology companies have been selected to participate in the 2022 FinTech Innovation Lab New York, setting them up for a 12-week program working with financial services and venture capital executives. This year’s participants, selected from nearly 200 applicants globally, are focused on key issues, including sustainable investments and meeting ESG (environmental, social, and governance) outcomes, transparency around cryptocurrencies, and security and compliance risks. One deals with carrier/agency relations; another with loans for emergency needs; and another with real-time analytics for fleet insurers and brokers. The firms use technologies such as artificial intelligence (AI), machine learning (ML), cloud, blockchain and advanced data analytics. The 12-week program was founded and run by Accenture and the Partnership Fund for New York City to help early- and growth-stage techs accelerate product and business development by collaborating with top financial services and venture capital executives. The 2022 Innovation Lab New York participants are: Coverforce (New York) – which partners with national property/casualty carriers to standardize their distribution application programming interfaces (APIs) and build customized platforms for Independent Agency Networks, strengthening the carrier/agency relationship. Draivn (Den Haag, Netherlands) – this platform collects data from any telematics or internet of things devices that transportation fleets are equipped with and converts it into real-time analytics for fleet insurers and brokers. Evercity (Berlin) – this blockchain-based sustainability measurement and investment platform automates issuance, management and monitoring of sustainable finance. Ion Channel (Alexandria, Virginia, USA) – a software supply chain management platform that identifies and monitors third-party security risk from software suppliers (vendors, outsourced app developers, contractors, and open source). LeapXpert (New York) – this platform creates an accessible digital record of all business interactions carried out over mobile messaging applications, giving organizations peace of mind that their data will be secure and meet compliance requirements. Mark Labs (New York) – this AI/ML stewardship platform helps asset managers define impact metrics, engage with investors and portfolio companies, and link their capital allocations to the pursuit of real-world ESG outcomes alongside targeted financial returns. Messari (New York) – a market intelligence platform that provides in-depth crypto market research, analysis, data, diligence tools, and more for crypto business professionals. Railz (Toronto) – an API that provides financial institutions and fintechs with instant, real-time access to their business customers’ financial data from different sources (accounting, banking, tax, e-commerce) to make better data-driven decisions. SoLo Funds (Los Angeles) – an on-demand marketplace that allows members to request and fund loans for emergency needs, providing an equitable, community-driven lending alternative. Straylight Systems (New York) – an AI solution that automatically creates secure software code that is trustworthy and reliable. The lab will conclude with the 10 companies delivering in-person presentations on their progress to executives across the banking, insurance, capital markets and venture capital sectors on June 23. The Lab’s 89 alumni companies have raised $1.8 billion and created more than 1,500 jobs after participating in the program, and 22 of those companies have since been acquired, according to the sponsors.. “We are excited to see how this competitive class of fintechs and insurtechs will contribute to our city’s recovery and create a more inclusive and innovative economy,” said Maria Gotsch, president and CEO of the Partnership Fund for New York City and co-founder of the FinTech Innovation Lab New York.

Partnership Fund for New York City Investments

100 Investments

Partnership Fund for New York City has made 100 investments. Their latest investment was in T-REX Group as part of their Series C - II on January 1, 2022.

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Partnership Fund for New York City Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/26/2022

Series C - II

T-REX Group

$40M

No

6

10/20/2021

Series B

SkyHive

$40M

No

15

2/25/2021

Series A

MoCaFi

$12M

Yes

10

2/8/2021

Series D

Subscribe to see more

$99M

Subscribe to see more

10

11/3/2020

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/26/2022

10/20/2021

2/25/2021

2/8/2021

11/3/2020

Round

Series C - II

Series B

Series A

Series D

Series A

Company

T-REX Group

SkyHive

MoCaFi

Subscribe to see more

Subscribe to see more

Amount

$40M

$40M

$12M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

6

15

10

10

10

Partnership Fund for New York City Portfolio Exits

23 Portfolio Exits

Partnership Fund for New York City has 23 portfolio exits. Their latest portfolio exit was Tara Biosystems on April 05, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/5/2022

Acquired

$99M

3

9/30/2021

Reverse Merger

$99M

4

6/30/2021

IPO

$99M

2

5/28/2021

Acquired

Subscribe to see more

Subscribe to see more

10

11/10/2020

Acquired

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Subscribe to see more

10

Date

4/5/2022

9/30/2021

6/30/2021

5/28/2021

11/10/2020

Exit

Acquired

Reverse Merger

IPO

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

4

2

10

10

Partnership Fund for New York City Acquisitions

1 Acquisition

Partnership Fund for New York City acquired 1 company. Their latest acquisition was Regional Health Group on September 14, 2000.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/14/2000

$99M

Acquired

Date

9/14/2000

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Partnership Fund for New York City Partners & Customers

1 Partners and customers

Partnership Fund for New York City has 1 strategic partners and customers. Partnership Fund for New York City recently partnered with Accenture on November 11, 2012.

Date

Type

Business Partner

Country

News Snippet

Sources

11/8/2012

Partner

Ireland

November 08, 2012 09:00 AM Eastern Standard Time. Accenture and Partnership for New York City Fund Announce Call for Participants for 2013 Lab. The New York FinTech Innovation Lab Launches Search for Leading Financial Technology Innovators.

`` UBS is proud to partner with and support those firms that are leading the technology revolution in key areas such as Big Data Analytics , Mobile , Social and Cloud , '' said UBS CTO Andy Brown .

1

Date

11/8/2012

Type

Partner

Business Partner

Country

Ireland

News Snippet

November 08, 2012 09:00 AM Eastern Standard Time. Accenture and Partnership for New York City Fund Announce Call for Participants for 2013 Lab. The New York FinTech Innovation Lab Launches Search for Leading Financial Technology Innovators.

`` UBS is proud to partner with and support those firms that are leading the technology revolution in key areas such as Big Data Analytics , Mobile , Social and Cloud , '' said UBS CTO Andy Brown .

Sources

1

Partnership Fund for New York City Team

8 Team Members

Partnership Fund for New York City has 8 team members, including current Chief Executive Officer, President, Maria Gotsch.

Name

Work History

Title

Status

Maria Gotsch

Chief Executive Officer, President

Current

Maria Gotsch

Chief Executive Officer, President

Current

Anthony Giugliano

Chief Financial Officer

Current

Janice Cook Roberts

Chief Executive Officer, President

Former

Alice Gleason

Chief Financial Officer

Former

Name

Maria Gotsch

Maria Gotsch

Anthony Giugliano

Janice Cook Roberts

Alice Gleason

Work History

Title

Chief Executive Officer, President

Chief Executive Officer, President

Chief Financial Officer

Chief Executive Officer, President

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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