The 7 Largest NYC Tech Startup Funding Rounds of January 2022 [AlleyWatch]

The 7 Largest NYC Tech Startup Funding Rounds of January 2022 [AlleyWatch]

Originally posted on AlleyWatch

Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for January 2022.  I have included some additional information such as industry, description, round type, total equity funding raised to further the analysis for the state of venture capital in NYC.


7. StrongArm Tech $50.0M
Round: Series B
Description: StrongArm Tech is a safety science company that develops data collection, assessment, and safety solutions for the industrial worker. Founded by Justin Hillery, Michael Kim, Rahul Bhansali, and Sean Petterson in 2011, StrongArm Tech has now raised a total of $55.2M in total equity funding and is backed by Sand Hill Angels, Drive Capital, Flourish Ventures, I2BF Global Ventures, and Tekfen Ventures.
Investors in the round: Drive Capital
Industry: Internet of Things, Machine Learning, Risk Management, Software, Wearables
Founders: Justin Hillery, Michael Kim, Rahul Bhansali, Sean Petterson
Founding year: 2011
Total equity funding raised: $55.2M
AlleyWatch’s exclusive coverage of this round: StrongArm Technologies Raises $50M for its Industrial Workforce Wearable Safety Platform


7. Pinwheel $50.0M
Round: Series B
Description: Pinwheel is a payroll connectivity company that connects payroll providers through a single point of connectivity for tasks. Founded by Anish Basu, Curtis Lee, and Kurt Lin in 2018, Pinwheel has now raised a total of $77.0M in total equity funding and is backed by Edward Lando, Coatue, Franklin Templeton Investments, Pareto Holdings, and TQ Ventures.
Investors in the round: American Express Ventures, Coatue, First Round Capital, Franklin Templeton Investments, GGV Capital, Indeed, Kraken Ventures, TQ Ventures, Upfront Ventures
Industry: Financial Services, FinTech, Information Technology, Software
Founders: Anish Basu, Curtis Lee, Kurt Lin
Founding year: 2018
Total equity funding raised: $77.0M
AlleyWatch’s exclusive coverage of this round: Pinwheel Raises $50M for its Payroll API That Makes Financial System Fairer


6. Odeko $77.0M
Round: Series C
Description: Odeko is the operating platform for small businesses. Founded by Dane Atkinson in 2019, Odeko has now raised a total of $173.0M in total equity funding and is backed by Alumni Ventures, B Capital Group, Y Combinator, Tiger Global Management, and Addition.
Investors in the round: JP Morgan Chase, Tiger Global Management
Industry: Operating Systems
Founders: Dane Atkinson
Founding year: 2019
Total equity funding raised: $173.0M


5. Lukka $110.0M
Round: Series E
Description: Lukka is a software company that delivers middle and back-office solutions for the crypto-asset ecosystem. Founded by Jake Benson in 2014, Lukka has now raised a total of $201.3M in total equity funding and is backed by Fenbushi Capital, S&P Global, Soros Fund Management, Marshall Wace, and State Street.
Investors in the round: CPA.com, Liberty City Ventures, Marshall Wace, Miami International Holdings, S&P Global, SiriusPoint, Soros Fund Management, Summer Capital
Industry: Bitcoin, Blockchain, Cryptocurrency, FinTech, Software, Virtual Currency
Founders: Jake Benson
Founding year: 2014
Total equity funding raised: $201.3M


4. Esusu Financial $130.0M
Round: Series B
Description: Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Founded by Abbey Wemimo, Jeph Acheampong, Robert Henning, and Samir Goel in 2016, Esusu Financial has now raised a total of $145.0M in total equity funding and is backed by Jones Feliciano Family Office, Lauder Zinterhofer Family Office, SoftBank Vision Fund, Kleiner Perkins, and Plug and Play Tech Center.
Investors in the round: Concrete Rose Capital, Impact America Fund, Jones Feliciano Family Office, Lauder Zinterhofer Family Office, Motley Fool Ventures, Next Play Ventures, Related, SB Opportunity Fund, Schusterman Foundation, Serena Ventures, Sinai Ventures, SoftBank Vision Fund, The Equity Alliance, Type One Ventures, Wilshire Lane Partners
Industry: Credit, Financial Services, FinTech
Founders: Abbey Wemimo, Jeph Acheampong, Robert Henning, Samir Goel
Founding year: 2016
Total equity funding raised: $145.0M


3. Petal $140.0M
Round: Series D
Description: Petal is a financial technology company on a mission to make credit honest, simple, and accessible. Founded by Andrew Endicott, David Ehrich, Jack Arenas, and Jason Gross in 2016, Petal has now raised a total of $241.6M in total equity funding and is backed by Gaingels, Sand Hill Angels, Valar Ventures, Silicon Valley Bank, and Third Prime.
Investors in the round: Afore Capital, Anchor Capital, CUNA Mutual Group, Encore Bank, Gaingels, Gopher Asset Management, RiverPark Ventures, Sand Hill Angels, Tarsadia Investments, Valar Ventures, Volery Capital Partners
Industry: Credit Cards, Financial Services, FinTech, Machine Learning
Founders: Andrew Endicott, David Ehrich, Jack Arenas, Jason Gross
Founding year: 2016
Total equity funding raised: $241.6M


2. Fever $227.0M
Round: Series E
Description: Fever is a global live-entertainment discovery platform, helping people discover experiences in their cities Founded by Alexandre Perez Casares, Francisco Hein, Ignacio Bachiller, and Pep Gomez in 2014, Fever has now raised a total of $298.8M in total equity funding and is backed by Eurazeo, Rakuten, Goldman Sachs, Goodwater Capital, and Accel.
Investors in the round: Goldman Sachs Asset Management, Goodwater Capital, Smash Ventures
Industry: Event Management, Event Promotion, Events, Media and Entertainment, Software
Founders: Alexandre Perez Casares, Francisco Hein, Ignacio Bachiller, Pep Gomez
Founding year: 2014
Total equity funding raised: $298.8M


1. OpenSea $300.0M
Round: Series C
Description: OpenSea is an NFT marketplace that enables users to discover, collect, and sell blockchain-based digital assets. Founded by Alex Atallah and Devin Finzer in 2017, OpenSeahas now raised a total of $427.2M in total equity funding and is backed by Animoca Brands, Republic, Blockchain Capital, Andreessen Horowitz, and Paradigm.
Investors in the round: Coatue, Kathryn Haun, Paradigm
Industry: Blockchain, Cryptocurrency, Marketplace
Founders: Alex Atallah, Devin Finzer
Founding year: 2017
Total equity funding raised: $427.2M