Here’s a look at the most mega of New York’s startup mega-deals:
Articulate Global, $1.5 billion Series A at $3.8 billion valuation, July 1
Series A funding rounds are typically reserved for startups early in their growth and tend not to rise far above $20 million. Articulate is not your typical Series A company, however. The Midtown-based company, which provides online learning courses to businesses, was bootstrapped by its founder and CEO Adam Schwartz in 2002. By the time it struck this deal in July, its first institutional financing, Articulate had more than 100,000 customers, including all of the Fortune 100 companies. General Atlantic led the deal, with participation from Blackstone’s Growth fund and ICONIQ Growth.
NYDIG, $1 billion private-equity growth round at $7 billion, Dec. 14
This deal provided a major boost to one of the largest cryptocurrency players in the city. The Midtown firm runs a Bitcoin-focused brokerage and asset-management business for institutional investors. Morgan Stanley, MassMutual and New York Life participated in the funding deal.
UIPath, $750 million Series F at $35 billion valuation, Feb. 1
This was the last funding round before UIPath, founded in Romania but headquartered in Midtown, went public. The company provides robotic process automation software—speeding up repetitive business tasks such as data entry. The deal was led by New York-based investors Alkeon Capital and Coatue. Both had invested in UIPath’s previous deals.
Digital Currency Group, $700 million Series B at $10 billion valuation, Nov. 1
Digital Currency Group is a cryptocurrency conglomerate that includes the asset-management firm Grayscale and media company CoinDesk. The deal was a private sale involving only existing investors. Softbank led the investment.
Noom, $540 million Series F at undisclosed valuation, May 25
The deal for the startup behind the popular weight-loss app was led by investment firm Silver Lake, with participation from Sequoia Capital and Samsung Ventures, among others. Months before the deal, Noom signed a 113,00-square-foot office lease in Hudson Yards.
Ro, $500 million Series D at $5 billion valuation, March 23
The deal for the telehealth startup based in the Flatiron District included General Catalyst, FirstMark Capital and TQ Ventures as investors. Ro co-founder and CEO Zachariah Reitano told Crain’s it is a matter of “when, not if ” the company goes public following the investment.
Yipitdata, $475 million Series E at undisclosed valuation, Dec. 6
Carlyle Group led the deal for this Flatiron District-based startup, which provides research and analytics for investment firms and corporations.
Credit: Source link
