November’s Top 5 NYC Funding Rounds Amounted to Over $600M

by Anna Holmquist
December 2, 2019
Image via shutterstock.

November was a big month for New York City startup fundings, with the two biggest ones gaining nine-figure sums. Read on to find out the details on this month’s top five funding rounds.

#5, $50 million, November 25 created a workflow platform to streamline tasks for video creatives. The company raised $50 million in Series C funding, bringing its total funding to $82.2 million. The company plans to use the funds to launch a Los Angeles location in 2020 and to double the size of its product, engineering and design teams.

#3 (tied), $60 million, November 7

CitiXsys offers a platform called iVend Retail, which acts as an integrated omnichannel solutions for hospitality and retail industries. The $60 million financing transaction was led by Goldman Sachs Merchant Banking Division. The company will use the funds to grow, and looks to acquire companies that complement its current product offerings.


#3 (tied), $60 million, November 7

Reonomy is an analytics platform for commercial real estate that compiles data from outside sources and uses machine learning models to make predictions about properties. Its $60 million Series D round was led by Georgian Partners. The company will use the funds to expand internationally, including to Canada and the U.K.


#2, $165 million, November 5

Riskified’s software suite works to protect companies from e-commerce fraud. With this Series E funding round, the company is now valued at over $1 billion. The company will use the funds to expand nationally and internationally and to add more products to its portfolio.


#1, $290 million, November 21

Celonis is a process mining company whose AI-driven is used to analyze event logs and find inefficiencies and recommend fixes. This funding put the company at a $2.5 billion valuation. The funds will be used to grow its U.S. sales and marketing team, as well as expand certain features on their platform.


NYC startup guides

Best Companies to Work for in NYC
Best Software Engineer Jobs in NYC
Coolest Tech Offices in NYC
Best Sales Jobs in NYC
Best Benefits at NYC Tech Companies
Best Data Analyst & Data Science Jobs in NYC
Best Design Jobs in NYC
Best Marketing Jobs in NYC
Developer Jobs
View 813 jobs
Design + UX Jobs
View 204 jobs
Marketing Jobs
View 298 jobs
Product Jobs
View 201 jobs
Sales Jobs
View 548 jobs
Data Jobs
View 302 jobs