Jun 1, 2023

Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for May 2023. I have included some additional information such as industry, description, round type, and total equity funding raised to further the analysis of the state of venture capital in NYC . Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 9. Hyro $20.0M Round: Series B Description: Hyro is a plug & play conversational AI platform enabling enterprises to easily add voice & text capabilities to their digital channels. Founded by Israel Krush and Rom Cohen in 2018, Hyro has now raised a total of $35.0M in total equity funding and is backed by Twilio, Intel Ignite, Macquarie Capital, Hanaco Venture Capital, and Mindset Ventures. Investors in the round: Black Opal Ventures, K20 Fund, Liberty Mutual Strategic Ventures, Macquarie Capital Industry: Artificial Intelligence, B2B, Natural Language Processing, SaaS, Virtual Assistant Founders: Israel Krush, Rom Cohen Founding year: 2018 Total equity funding raised: $35.0M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 8. Prognos Health $23.3M Round: Venture Description: Prognos Health creates a healthcare analytics platform that uses patient-level data to generate clinical insights. Founded by Destry Sulkes, Jason Bhan, and Sundeep Bhan in 2010, Prognos Health has now raised a total of $65.8M in total equity funding and is backed by Hunt Holdings, Merck, LabCorp, Safeguard Scientifics, and Cigna. Investors in the round: Cigna, Hikma Ventures, Hunt Holdings, LabCorp, Marshall Wace, Maywic Select Investments, Merck, Red & Blue Ventures, Safeguard Scientifics Industry: Analytics, Health Care, Health Diagnostics Founders: Destry Sulkes, Jason Bhan, Sundeep Bhan Founding year: 2010 Total equity funding raised: $65.8M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 7. Kindbody $25.0M Round: Venture Description: Kindbody is a fertility clinic network and family-building benefits provider for employers. Founded by Gina Bartasi and Joanne Schneider in 2018, Kindbody has now raised a total of $206.3M in total equity funding and is backed by Alumni Ventures, NFP, What If Ventures, Google Ventures, and Winklevoss Capital. Investors in the round: Morgan Health Industry: Employee Benefits, Fertility, Health Care, Medical Founders: Gina Bartasi, Joanne Schneider Founding year: 2018 Total equity funding raised: $206.3M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 6. Wellthy $25.5M Round: Venture Description: Wellthy is a family care concierge service that brings relief to families managing complex or ongoing care situations. Founded by Kevin Roche and Lindsay Jurist-Rosner in 2014, Wellthy has now raised a total of $78.0M in total equity funding and is backed by FJ Labs, Cercano Management, Hearst Ventures, HearstLab, and Citi Impact Fund. Investors in the round: Cercano Management, Citi Impact Fund, Eldridge, Hearst Ventures, Rethink Impact, Stardust Equity Industry: Health Care, Medical, Wellness Founders: Kevin Roche, Lindsay Jurist-Rosner Founding year: 2014 Total equity funding raised: $78.0M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 5. Campus.edu $29.0M Round: Series A Description: Campus.edu provides online learning services. Founded by Tade Oyerinde in 2016, Campus.edu has now raised a total of $32.6M in total equity funding and is backed by Reach Capital, Betaworks, City Light Capital, Founders Fund, and Lachy Groom. Investors in the round: AirAngels, Bloomberg Beta, Dylan Field, Founders Fund, Jason Citron, Lachy Groom, Precursor Ventures, Reach Capital, Rethink Education, Sam Altman, Scribble Ventures, Spacecadet Ventures Industry: EdTech, Higher Education Total equity funding raised: $32.6M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 4. Percent $30.0M Round: Series B Description: Percent is a platform for sourcing, structuring, syndicating, monitoring, and servicing private credit transactions. Founded by Nelson Chu in 2018, Percent has now raised a total of $48.5M in total equity funding and is backed by Edward Lando, Nomura, Coinbase Ventures, BDMI, and B Capital Group. Investors in the round: B Capital Group, BDMI, Evolution VC Partners, Forte Ventures, Global Financial Technology Ventures, Susquehanna Growth Equity, Vectr, White Star Capital Industry: Credit, Financial Services, FinTech, Information Services Founders: Nelson Chu Total equity funding raised: $48.5M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 4. Kelvin $30.0M Round: Series A Description: Kelvin is an energy management and electrification platform for radiator-heated buildings. Founded by Marshall Cox in 2013, Kelvin has now raised a total of $34.3M in total equity funding and is backed by National Science Foundation, Columbia University, Third Sphere, Partnership Fund for New York City, and 2150. Investors in the round: 2150, Partnership Fund for New York City, Schmidt Family Foundation Industry: Energy Efficiency, Energy Management, Internet of Things, Sustainability Founders: Marshall Cox Total equity funding raised: $34.3M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 3. Duetti $32.0M Round: Series A Description: Duetti is a music fintech company that offers financial solutions. Founded by Lior Tibon and Christopher Nolte in 2022, Duetti has now raised a total of $39.0M in total equity funding and is backed by Viola Ventures, Roc Nation, Presight Capital, Viola Credit, and UNTITLED. Investors in the round: Presight Capital, Roc Nation, UNTITLED, Viola Credit, Viola Ventures Industry: Financial Services, FinTech, Music Founders: Lior Tibon, Christopher Nolte Founding year: 2022 Total equity funding raised: $39.0M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 2. Petal $35.0M Round: Venture Description: Petal is a financial technology company that offers three Visa credit card products for underserved consumers. Founded by Andrew Endicott, David Ehrich, Jack Arenas, and Jason Gross in 2016, Petal has now raised a total of $289.6M in total equity funding and is backed by Gaingels, Trinity Capital, Silicon Valley Bank, Dylan Field, and Jefferies. Investors in the round: Core Innovation Capital, RiverPark Ventures, Story Ventures, Valar Ventures Industry: Credit Cards, Financial Services, FinTech, Machine Learning Founders: Andrew Endicott, David Ehrich, Jack Arenas, Jason Gross Founding year: 2016 Total equity funding raised: $289.6M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 2. OpenFin $35.0M Round: Series D Description: OpenFin provides financial institutions with a unified workspace and developer platform built for productivity. Founded by Chuck Doerr and Mazy Dar in 2010, OpenFin has now raised a total of $79.0M in total equity funding and is backed by JP Morgan Chase, Bank of America, HSBC, Wells Fargo, and JP Morgan. Investors in the round: Bain Capital Ventures, Bank of America, Barclays Investment Bank, CME Ventures, CTC Venture Capital, DRW Venture Capital, HSBC, ING Ventures, JP Morgan, Nyca Partners, Pivot Investment Partners, SC Ventures, Tribeca Early Stage Partners, Wells Fargo Strategic Capital Industry: Finance, Financial Services, FinTech, Operating Systems Founders: Chuck Doerr, Mazy Dar Founding year: 2010 Total equity funding raised: $79.0M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program *** 1. Avenue One $100.0M Round: Venture Description: Avenue One provides technology platform for property management services. Founded by William Martiner and Ryan Stroker in 2020, Avenue One has now raised a total of $100.0M in total equity funding and is backed by WestCap and MetLife Investment Management (MIM). Investors in the round: William Martiner and Ryan Stroker Industry: Asset Management, Home Renovation, Property Management, Real Estate Founders: William Martiner, Ryan Stroker Founding year: 2020 Total equity funding raised: $100.0M Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today! *** Learn more and apply before 6/23 at 43North.org/program ***