Everyone loves a SaaS platform

As we reported in our latest NYC Seed Deal Report, Q1 deal volume remained consistent with last quarter, but total funding dropped 23%. While we expect to see a continuation of the trend toward fewer deals commanding larger price tags, Q1 saw a drop in median round size for the first time in six quarters. Q1’s average $1.54 million check is the lowest average check size since Q1 2016.

Enterprise SaaS platforms continued to drive the most deal activity this quarter, with particular emphasis on platforms that increase pricing transparency for corporate customers. Other sectors that showed particular strength were ecommerce marketplaces and financial services platforms that seek to democratize access to financial products.

CLICK HERE FOR THE FULL BREAKDOWN OF Q4 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!

Q1 2018 Seed Deals

ECOMMERCE

Andie: Andie is a direct-to-consumer brand disrupting the market for one piece women's swimwear. $2MM | Two River, Sonostar Capital Partners, Joshua Kazam

Bazaar: Bazaar is the B2B marketplace and logistics platform for recurring high volume SMB purchases. $300,000 | Matt Mireles, Marco Zappacosta, Arab Angel Fund

Furnishare: Furnishare is the easiest way to buy and sell furniture. Our goal is to make a beautiful home accessible and sustainable for all. $2MM | Lerer Hippeau, Correlation Ventures, Max Ventures, Nevzat Aydin, Richard Kerby

Jetson: An intelligent "voice-first" commerce platform that delivers a best-in-class buying experience for brands. $3MM

Kid Made Modern: Helps kids and parents to find creative inspiration through arts & crafts kits, clothing, home goods and more. $3MM | Decathlon Capital Partners

Sailo: A web and mobile marketplace that connects people who want to rent boats to charter companies and boat owners. $1MM

ENTERPRISE SAAS

Data Gran: Data Gran is an AI toolkit developed to provide top of the game marketing strategies as well as reducing digital advertising budget. $1.24MM | Telefonica Open Future, Quake Capital Partners

Groupdolists: A platform for coordinating how organizations respond to threat events. $1.5MM | Responder Ventures, Bruce Blythe, Sig Zises

Hyr Inc.: Hyr is the labor marketplace for today's new economy. Discover the app that elevates your lifestyle, one shift at a time. $1.3MM | Flybridge Capital Partners, Newark Venture Partners, XFactor Ventures

InsightFinder Inc.: InsightFinder provides predictive analytics services that delivers insight in realtime. $2.075MM | Eight Roads Ventures, Propel(X)

Intello: Intello is an end-to-end SaaS optimization provider. $1.3MM | BoxGroup, Tectonic Capital, Kaedan Capital, Blacktop Capital, Emerge, Clark Valberg, Eli Portnoy, Kathryn Minshew

Lately: The first, self-service SaaS platform for complete marketing how-to. $750,000

Loris.ai: Loris.ai is a data-driven platform that helps companies navigate hard conversations. $2MM | Floodgate, Kapor Capital, Jeff Weiner

xtraCHEF: A SaaS cost management platform for the restaurant industry. $3MM | Laconia Capital Group, Connectivity Capital Partners, Ben Franklin Technology Partners, The Howard Sukonick Investment Group

FINTECH

Atlas Holdings Group: Atlas connects communities around the world through mobile banking. $1MM | Third Prime Capital, MITS Fund, Chris Adelsbach, John Lazar

Blueprint Income: Blueprint Income offers a pension-like product for the modern world: a simple, pre-determined retirement paycheck backed by insurers. $2.75MM | Plug and Play, NextView Ventures, Kairos, Jean Chatzky, Green Visor Capital, Financial Solutions Lab, Core Innovation Capital

Fangoo: AI-powered software to build and improve credit score. $300,000

Messari: Messari's mission is to promote transparency and smarter decision-making in the crypto-asset community. $1MM | Underscore VC, SparkLabs Global Ventures, Semantic Ventures, Rising Tide, Kindred Ventures, Digital Asset Investment Company, Danhua Capital, CoinFund, Blockchain Capital, Anthemis Group

Rally Rd.: The Rally Rd. app lets users of all income levels buy & sell equity shares in blue-chip assets. $2.9MM | Social Leverage, Columbus Nova

HEALTHCARE

Blue Mesa Health: Delivering digital behavior change programs to support the prevention diabetes and other chronic diseases. $970,000 | Discovery Park, Barney Pell

OhMD: Mobile messaging for doctors, clinicians, and patients that enhances the patient experience and improves provider communication. $1MM

REAL ESTATE

Envelope City, Inc.: Envelope's 3D web app helps urban real estate industry professionals visualize and run scenarios on development potential under zoning. $2MM

First RealFund: A commercial real estate crowdfunding platform. $600,000

OTHER

Elucd: Elucd is a GovTech company that provides cities with near real-time understanding of how citizens feel about their government. $1MM | Y Combinator, Omidyar Network, Lee Linden, Grape Arbor VC, Bragiel Brothers

Serial Box: A NYC-based provider of serialized entertainment for readers and listeners. $1.65MM | Richard Sarnoff, Boat Rocker Media, Mattias Lundgren

ViaHero: ViaHero is a trip planning service that connects travelers with locals to plan a personalized trip itinerary. $325,000

Primary NYC Seed Deal Report: Q1 2018


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