New York City startups saw another strong month for raising venture capital in December, raising over $465 million this month. This was a $47 million increase from investment dollars raised in November. The top five rounds alone raised over $137 million — and that doesn’t even include the $235 million raised in private equity. Here’s a look back at the top five rounds this month.
5. MoneyLion, $22.5 million, December 5
Investors: Edison Partners, Montage Ventures, Broadhaven Capital Partners, Clocktower Technology Ventures, Citizen.VC and FinTech Collective
Bio: MoneyLion is a personal finance management platform driven by machine learning analytics.
News: The company plans on using the funding to expand its artificial intelligence-powered platform with new tech and talent.
4. KeyMe, $25 million, December 7
Investors: QuestMark Partners, Comcast Ventures, Battery Ventures, White Star Capital, 7-Ventures, Ravin Gandhi and the Polsky Family Office.
Bio: KeyMe allows users to store, share and duplicate their physical keys based on a digital scan that utilizes cloud technology.
News: The new funding will be used to add about 50 kiosks to the company’s retail partners per week.
3. Stash, $25 million, December 15
Investors: Entree Capital, Goodwater Capital, Breyer Capital and Valar Ventures
Bio: Stash is a micro-investing app that targets millennials who need help managing their stock.
News: The new funding will be put toward continuing to build out its app, developing new features and rolling out new products.
2. Managed by Q, $31 million, December 19
Bio: Managed By Q is a service that automates office management. The platform allows office administrators to efficiently book cleanings and handywork, order supplies, schedule deliveries and manage general office maintenance.
News: The company plans on using the funding toward expanding its marketplace and technology platform.
1. Lemonade, $34 million, December 5
Investors: General Catalyst Partners, GV, Thrive Capital, Tusk Ventures, Aleph Inc., Sequoia Capital and XL Innovate.
Bio: Lemonade is a peer-to-peer insurance startup that offers homeowners and renters insurance powered by artificial intelligence.
News: Following the recent round, Lemonade is eyeing national expansion. This month, the company also filed for licenses to operate in 46 states and the District of Columbia.