Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for January 2024. 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.The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
5. Benepass $20.0M
Round: Series B
Description: Benepass is a benefits administration platform that helps companies manage and distribute employee perks and benefits. Founded by Jaclyn Chen, Kabir Soorya, and Mark Fischer in 2019, Benepass has now raised a total of $34.7M in total equity funding and is backed by Alumni Ventures, Y Combinator, Soma Capital, Gradient Ventures, and Portage Ventures.
Investors in the round: Clocktower Technology Ventures, Gradient Ventures, Portage Ventures, Threshold, Workday Ventures
Industry: Employee Benefits, Enterprise Software, FinTech, Human Resources
Founders: Jaclyn Chen, Kabir Soorya, Mark Fischer
Founding year: 2019
Total equity funding raised: $34.7M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
5. Ansel Health $20.0M
Round: Venture
Description: Ansel Health is a developer of a health insurance platform intended for employers to enhance their employee benefits. Founded by Veer Gidwaney in 2019, Ansel Health has now raised a total of $42.0M in total equity funding and is backed by 500 Global, Alumni Ventures, SixThirty, SymphonyAI, and Plug and Play.
Investors in the round: Portage Ventures, Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management
Industry: Financial Services, Health Insurance, Insurance, InsurTech, Software
Founders: Veer Gidwaney
Founding year: 2019
Total equity funding raised: $42.0M
AlleyWatch’s exclusive coverage of this round: Ansel Raises $20M to Ensure Employees are Fully Covered with Supplemental Insurance
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
4. Spark Advisors $25.0M
Round: Series B
Description: Spark Advisors is a technology-enabled brokerage that partners with independent agents to deliver a concierge service. Founded by Alex Zhang, Byron Edwards, and James Jiang in 2020, Spark Advisors has now raised a total of $53.6M in total equity funding and is backed by Primary Venture Partners, Torch Capital, Vine Ventures, American Family Ventures, and Dash Fund.
Investors in the round: American Family Ventures, Primary Ventures, Viewpoint Ventures
Industry: Employee Benefits, Financial Services, Retirement
Founders: Alex Zhang, Byron Edwards, James Jiang
Founding year: 2020
Total equity funding raised: $53.6M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
3. Kashable $25.6M
Round: Series B
Description: Kashable offers a financial wellness platform to large employers as an employee benefit. Founded by Einat Steklov and Rishi Kumar in 2013, Kashable has now raised a total of $25.6M in total equity funding and is backed by Apollo, Revolution, MidCap Financial, Moneta VC, and Krillion Ventures.
Investors in the round: EJF Silvergate Ventures Fund, Krillion Ventures, Moneta VC, Revolution
Industry: Consumer, Employee Benefits, Finance, Financial Services, Human Resources
Founders: Einat Steklov, Rishi Kumar
Founding year: 2013
Total equity funding raised: $25.6M
AlleyWatch’s exclusive coverage of this round: Kashable Raises $25.6M for its Socially Responsible Credit Platform for Employers to Offer Loans to Employees as a Workplace Benefit
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
2. Vicarius $30.0M
Round: Series B
Description: Vicarius develops a vulnerability remediation platform to help teams protect their apps and assets against software exploitation. Founded by Michael Assraf, Roi Cohen, and Yossi Zeevi in 2016, Vicarius has now raised a total of $59.1M in total equity funding and is backed by Jerusalem Venture Partners (JVP), Silicon Valley Bank, Bright Pixel, AllegisCyber, and AlleyCorp.
Investors in the round: AllegisCyber, AlleyCorp, Bright Pixel, Strait
Industry: B2B, Cloud Security, Cyber Security, Enterprise, Enterprise Software, Software
Founders: Michael Assraf, Roi Cohen, Yossi Zeevi
Founding year: 2016
Total equity funding raised: $59.1M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
1. Bilt Rewards $200.0M
Round: Venture
Description: Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. Founded by Ankur Jain and Gaurav Agarwal in 2021, Bilt Rewards has now raised a total of $413.3M in total equity funding and is backed by General Catalyst, Blend, Greystar, Invitation Homes, and Wells Fargo.
Investors in the round: Camber Creek, Eldridge Industries, General Catalyst, Left Lane Capital, Prosus Ventures
Industry: FinTech, Loyalty Programs, Real Estate, Rental Property
Founders: Ankur Jain, Gaurav Agarwal
Founding year: 2021
Total equity funding raised: $413.3M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
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- Source: https://www.alleywatch.com/2024/02/nyc-startup-funding-top-largest-january-2024-vc/
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