Beauty, Nature, and Building Drove Q3 Deal Flow

As we reported in our Q3 NYC Seed Deal Report, initial figures for Q3 reveal modest but steady growth in NYC seed deals, with 39 rounds closed and $69.7MM in total funding - an increase of 5% and 4%, respectively, from what we reported at this time last quarter.  

Sectors that saw the most activity in Q3 were Enterprise SaaS platforms across several verticals, Real Estate, and eCommerce startups. A significant number of eCommerce deals were in the beauty vertical, with emerging brands leveraging technology and high-quality ingredients for differentiation. 

CLICK HERE FOR THE FULL BREAKDOWN OF Q3 DEALS AND TRENDS.

The Primary NYC Seed Deal Report covers all NYC Seed deals - which we define as $250K-$3.5MM - that have been publicly announced in the quarter. We know there are deals that have closed but not yet been announced, including some of our own, and those will be added once they are public. If you know of any deals that we’ve missed in this report, please contact us at info@primary.vc!

ECOMMERCE

Cargo: Service that lets rideshare passengers order products on the go, allowing drivers to earn more money. $1,750,000  I  Techstars, Rosecliff Ventures, Detroit Venture Partners, Fontinalis Partners

Claim It: Platform for people and brands to share things to drive traffic and promote items. $2,500,000  I  Newark Venture Partners, Al Harrington, Infor, Thaddeus Young, Steve Sadove

The Inside: Home decor brand that creates direct-to-consumer furniture. $1,500,000  I  Forerunner Ventures

Prose: Collaborative beauty brand powered by artificial intelligence. $2,000,000  I  Red Sea Ventures, Maveron, Isai, Lerer Hippeau Ventures

S.W. Basics: An all-natural, sustainable skincare brand. $622,985     

Winky Lux: A line of cruelty-free, non-toxic cosmetics made from high-quality ingredients. $2,000,000  I  Female Founders Fund, Cameron Dallas, BBG Ventures, TGZ Capital, GGV Capital, SoGal Ventures

 

ENTERPRISE SAAS

Alpha: Platform for product teams to run experiments and generate qualitative and quantitative user insights on-demand. $1,570,000  

Clinch: Programmatic platform that auto-generates and optimizes media campaigns in real time. $3,000,000  I  Richard Gati

Entrupy: An on-demand authentication solution for luxury goods. $2,600,000  | Daiwa Securities Group, DG Lab Fund, Zach Coelius

IOpipe: Toolbox for developing, monitoring, and operating serverless applications. $2,500,000  I  Underscore VC, New Enterprise Associates, Storm Ventures, Boldstart Ventures, Madrona Venture Group

Lately: Self-service SaaS platform for collaborative marketing management. $500,000  I  Joanne Wilson, Jerry Shereshewsky, Chris Leong, Harvard Business School Alumni Angels of Greater New York, Robert McCausland, Peter Schweinfurth, Jamie Propp, Marc and Lyn Wunderman

Menusifu Inc: Data-driven POS cloud platform that simplifies restaurant operations. $3,000,000  I  Amino Capital, Jubilee Capital Management

Navigine: Enterprise platform for precise indoor mobile tracking and navigation. $900,000  |  Innovestor Ventures

OnSiteIQ: Progress documentation and safety analysis platform for developers, construction managers, safety consultants, and contractors. $250,000  I  MetaProp NYC

Pillar Technologies: Real-time risk management platform for general contractors to predict and prevent damages. $2,750,000  I  XL Innovate, Hyperplane Venture Capital, Techstars Ventures

Slidebean: Online platform that designs and creates presentations on demand with user-generated content. $850,000  |  Carao Ventures, Enlaces, Magma Partners, Firstrock Capital

Teralytic: Soil sensors and AI platform that generate real-time conditions about soil health for greater yield. $2,250,000  I  01 Ventures

Wallaroo Labs: Ultrafast and elastic data processing engine that simplifies the deployment of real-time applications. $1,500,000  I  Resolute Venture Partners, Greycroft Partners, Boldstart Ventures, Notation Capital, Contour Venture Partners

 

FINTECH

ClearServe: Wealth management platform that helps family offices and other investors make better finance, investment, and management decisions. $3,310,543

Cindicator: Develops trading robots and algorithms for hedge funds and institutional investors using unique technology with hybrid intelligence. $500,000  |  Starta Accelerator

FinTech Studios: Cloud platform of FinTech apps and big data analytics that leverages machine learning, NLP, and AI to deliver analytics and market research. $1,000,000  |  KEC Ventures

James: Software that enables teams to create, validate, deploy, and monitor predictive models for credit risk. $2,700,000  I  Gaël de Boissard, Henry Ritchotte, Big Start Ventures

Mantl: Customer-centric core ecosystem that gives banks and credit unions the flexibility to innovate using modern technology. $350,000

 

HEALTH & WELLNESS

Blue Mesa Health: Blue Mesa Health builds digital therapeutics programs for diabetes prevention. $1,300,000 I  Blueprint Health, Discovery Park, Mobio Technologies, Stanley Park Ventures, Redbrick, John Patrick, Pallasite Ventures, Paul Geyer

The Mednet: Physician-only community for expert answers to real-world clinical questions in oncology. $1,300,000  I  Peter Pham, Jared Friedman, Lumia Capital, Lee Linden, Endure Capital, Bonnie J. Addario Lung Cancer Foundation, Y Combinator, Paul Buchheit, Serge Kassardjian, Charlie Cheever

Revere: A consumer health startup that offers plant-based energy drinks direct to consumer via personalized monthly subscription plans. $3,500,000  I Lerer Hippeau Ventures, TACK Ventures, Brand Foundry Ventures, Sterling.VC, Novel TMT Ventures, Global Founders Capital

 

MEDIA

CHRGR: Media service that provides pre-charged mobile batteries on demand. $515,000  

Poncho: Mobile app and chatbot that delivers personalized weather updates. $2,400,000  I  Lightspeed Venture Partners

 

REAL ESTATE

City Share Living: Extended-stay and short-term real estate company for business and next-generation travelers. $3,000,000  

BlocPower: Smart Cities platform connects investors to green and healthy building projects in local communities. $250,000  I  MetaProp NYC

Doorport: Smartphone video intercom that creates a better experience for guests, residents, and staff. $250,000  I  MetaProp NYC

EasyKnock: Residential real estate platform with a broader market and streamlined processes for buying and listing homes. $1,100,000  I  Cambridge Innovation Capital PLC

LoftSmart: End-to-end marketplace for the student rental market. $2,750,000  I  Expansion Venture Capital, Solon Mack Capital, Corigin Ventures, Tribeca Venture Partners, Sterling.VC

Rhino: Real estate technology company replacing security deposits with a smarter alternative that benefits both renters and landlords. $1,940,000  I  ff Venture Capital, Red Dog Capital, FJ Labs, Picus Capital, Lakehouse Ventures

 

OTHER

Gencove: Platform to run research and build products in genomics. $1,000,000  I  Version One Ventures, Refactor Capital, SV Angel, New York Genome Center, Kresimir Penavic, Balaji Srinivasan, Third Kind Venture Capital

Genvid Technologies Inc: Software tools for eSports interactive streaming. $2,500,000  I  March Capital Partners, OCA Ventures

Huddle: Online video platform for peer support. $1,200,000  I  Thrive Capital

Resolute Innovation:  Marketplace platform that connect companies, universities, and research institutes with corporate partners. $3,300,000  I  Revolution Ventures, David Golden, Steve Case

SaferVPN: VPN service that protects users' privacy and security, while enabling access to content from anywhere in the world. $1,000,000

Werk: Services and resources that enable companies and female job seekers to embrace flexibility. $3,000,000  I  Rethink Impact, Halogen Ventures, Precursor Ventures, SoGal, Fuel Capital, Social Starts, Better Ventures

Primary NYC Seed Deal Report: Q3 2017

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