Enterprise SaaS, Real Estate and FinTech Startups Lead the Pack in Q2

In our Q2 NYC Seed Deal Report, we noted that both deal volume and total dollars raised jumped over 60% from Q1, to levels not seen since Q4 2016. Average deal size in Q2 came in at $1.59 million, a 3% increase from last quarter, and down 12% from Q2 2017.

While enterprise SaaS platforms continue to dominate the seed landscape in our city, real estate and FinTech platforms showed some reinvigoration, each accounting for 14% of total rounds. Platforms that synthesize big data, as well as those that ensure consumer security also received notable attention in Q2.

CLICK HERE FOR THE FULL BREAKDOWN OF Q2 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 each quarter. Data is sourced from Crunchbase and Primary Venture Partners research. If you know of any deals that we’ve missed in this report, please contact us at info@primary.vc!

Q2 2018 SEED DEALS

ECOMMERCE

Compass News: Compass News is a subscription-based journalism platform powered by an AI editor that makes you smarter, quicker. $1MM | Matter, Hambro Perks Ltd.

GoKid: The GoKid mobile app lets parents manage their children's transportation needs by easily setting up carpools with other families. $700,000 | VilCap Investments, InMotion Ventures, Deutsche Bahn Digital Ventures GmbH, KI Capital GmbH

Mented Cosmetics: Mented is a luxury beauty company targeted to women of color. $3MM | CircleUp

Mulberry Platform: Mulberry is a personalized customer warranty solution. $2.75MM | Quiet Capital, Founder Collective, Foundation Capital, Entrepreneurs Roundtable Accelerator, Commerce Ventures, Sam Hinkie

 

ENTERPRISE SAAS

AnythingWithInk: AnythingwithInk.com is a cloud-based business management platform powering the 500+-year-old printing and promotional products industry. $250,000 

C4Coin: C4Coin is a New York City-based developer of carbon negative blockchain technology. $450,000 | Miles O'Brien

Comet.ml: Comet.ml is a platform built for ML that enables engineers and data scientists to efficiently maintain their preferred workflow and tools. $2.3MM | Trilogy Equity Partners, Two Sigma Ventures, Techstars Ventures, Founders' Co-op, Fathom Capital

Datagran: Datagran is a AI suite for digital marketing strategy. $2.3MM 

Datazoom: Datazoom provides video distributors with more efficient, effective and faster data acquisition from their online video players. $700,000 | Brooklyn Bridge Ventures

Dipp: Dipp is an AI-powered SaaS platform that automates the creation of effective marketing content across all digital platforms. $400,000 | Expara IDM Ventures

GTop Group, Inc.: GTop Group analyzes data across video and open-source data for the purpose of threat detection and security. $500,000

InsightFinder: InsightFinder provides predictive analytics services that deliver insight in real time. $2MM | Eight Roads Ventures, Propel(X) 

Learning Machine Technologies: Learning Machine is an enterprise software firm specializing in self-sovereign digital identity through directly owned, verifiable official records. $3MM | PTB Ventures, Omidyar Network, Learn Capital

Narrator: Narrator is a data platform that fundamentally changes the way people approach problems. $1MM

Ripple Match: Ripple Match automates the time-intensive parts of entry-level recruiting to help candidates find their dream jobs. $3MM | Bullpen Capital, Accomplice

RotoQL: RotoQL is a sports analytics platform for consumers and enterprise. $3.25MM | Karlani Capital, Azure Capital Partners, Boston Seed Capital, Velo Partners, Oakvale Capital, Don Best

ShoeKonnect: ShoeKonnect is a B2B commerce mobile application designed for the needs of the footwear industry. $436,150 | Info Edge

 

FINTECH

Change Labs: Change is developing an artificial financial assistant to optimize the $200B personal banking market. $1.4MM

Coin Out: Coin Out enables digital cash and rewards for retail transactions. $500,000 

Extend Enterprises Inc: Extend allows cardholders to safely share their credit card with employees and freelancers. $3MM | Point72 Ventures, WorldQuant Ventures LLC, Reciprocal Ventures, Plug and Play

GATE: GATE (formerly TokenID) is a payment security by tokenization technology that provides cheap and quick merchants' acquisition facilities to PSPs. $3.2MM | Orco Investments, Jacob Shochat, Alex Jurovitzky

Jones: Jones offers a pay-as-you-go solution to end the hassle of liability insurance for independent contractors. $2.8MM | Hetz Ventures, MetaProp NYC, Jones Lang LaSalle, Ground Up Ventures, ARCO/Murray Design Build, 500 Startups

WinWin: WinWin is an app that gives young Americans fun, daily motivation to grow their savings. $250,000 | JP Morgan Chase & Co. 

 

HEALTH & WELLNESS

Move This World: Move This World equips individuals with tools to strengthen their emotional wellbeing. $1MM | The Global Good Fund, Prairie Capital, New Media Investment Group, AT&T

Radformation: Radformation specializes in radiation therapy workflow automation. $1.6MM | Brooklyn Bridge Ventures

Risalto Health: Risalto Health is a big data and technology-enabled healthcare enterprise transforming the delivery of musculoskeletal care. $1.5MM | Health Catalyst Capital

 

REAL ESTATE

Abode: Abode connects renters and property managers to smooth the search process for no-fee apartment rentals. $2.67MM

ASSESS+RE: Assess is the CRE Financial Data Engine for smarter, faster decisions. $2.1MM | Ranieri Strategies LLC

First RealFund: First RealFund is a commercial real estate crowdfunding platform. $500,000

Irene Retirement: Irene enables older adults to retire in the comfort of their own home by providing a simple, safe and debt-free retirement solution. $1.3MM | IA Ventures, MetaProp NYC

Roomors: Roomors is a community-focused housing solution that offers young professionals all-inclusive, smart-enabled apartments. $2MM

Vacayo: Vacayo leases long-term rentals and transforms them into beautiful, group-friendly vacation rentals. $1.4MM | 500 Startups, Keystone Capital, Draper Associates, Connecticut Innovations, Stephen Silver, Kirby Winfield, Garrett Koehn

 

OTHER

Carbon-12 Labs: Carbon-12-labs is a trustless, stable cryptocurrency that closely correlates with the US Dollar. $2MM | The Fund, Plug and Play, General Catalyst, FirstMark, Digital Currency Group

Dropcopter: Dropcopter is an agricultural startup specializing in aerial pollination. $250,000 | GENIUS NY

Facemoji: Facemoji powers camera-driven avatars for live game streaming and video chat. $1.23MM | GREE VR Capital, The Venture Reality Fund, Riverside Ventures, Curious Capital, Colopl Next, Bryan Rosenblatt

Fairygodboss: Fairygodboss is a marketplace where ambitious women meet employers who care about gender equality. $3MM | GSV Acceleration

Publicfast: Publicfast is a platform for promotion through opinion leaders’ social reach. $250,000 | Startupbootcamp

Selected: Selected is a matching platform for job-seeking teachers and hiring for K-12 schools. $1.2MM | Propel Capital, Kapor Capital

Soozy's: Soozy's creates grain-, gluten- and dairy-free baked goods. $2.5MM | Bigr Ventures, AccelFoods

StreetCred: StreetCred offers accessible data for places people care about. $1MM | Notation Capital, Bowery Capital

TRUSTX: TrustX is a cooperative private marketplace singularly focused on rebuilding trust and transparency in programmatic advertising. $2.2MM | CBSi, NBCUniversal, ESPN, Meredith Corporation, FOX News

Wing Tel: Wing is a telecom service provider. $1MM

Primary NYC Seed Deal Report: Q2 2018

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