NYC startups raised over $465M in December. Here are the top 5 rounds.

December 30, 2016

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

Investors: blisce/

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.

Does your startup have news to share? Let us know or tweet us @builtinnewyork.

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