Flatiron Health’s $130M Series B round ranked among Google Ventures’ top 3 largest financings ever. Where does the mega-round rank among New York’s largest tech VC deals?
According to CB Insights data, Flatiron Health’s round would be the fourth largest New York-based VC financing since 2009. The largest NY VC deal over the period was to Fab.com when it raised a $165M Series D last year, which valued the design goods eCommerce company at over $1B. MongoDB’s $150M Series F took second, followed by Gilt Groupe’s $138M Series D.
Of note, the list of NY mega-VC deals is dominated by consumer tech companies. And though sizable, large NY deals pale in comparison to Valley companies which have seen eight tech VC financings larger than Fab’s $165M round including to Cloudera, Pure Storage, AirBnB and TangoMe in just the first four months of 2014.
The chart below highlights New York’s largest VC financings (since 2009) and the investors who participated. Gilt and Fab count multiple rounds in the list. Among the investors that have participated in more than one of the largest NY financings are Google Ventures, Andreessen Horowitz, New Enterprise Associates and Tiger Global Management. Harry’s Razor Company’s $122.5M financing was not included given its mix of equity ($65M) and debt.
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