Many NYC tech companies saw big gains throughout the year despite the plethora of pandemic hurdles and remote/hybrid work models they faced. Many investors see big futures for these companies, which is why they brought in more outside funding in 2021 than any other NYC startups.
In fact, last year’s crop of top-funded NYC tech companies brought in nearly 3x the amount of outside funding when compared to rankings in 2020. And three companies landed on the list for the second year in a row.
Read on to see which NYC companies raised the most funding in 2021, and what they plan to do with their fresh capital.
#10 (tied). $500 million, April 8
Better received a $500 million investment from the Japanese investment giant SoftBank, which valued the company at $6 billion in April. Better is the online mortgage lender helping users complete their entire financing process online. The company has many tech roles available for remote or New York-based candidates.
#10 (tied). $500 million, March 23
Ro’s platform handles all things healthcare-related, offering telehealth, at-home and pharmacy services. The company gained $500 million in a round co-led by existing investors General Catalyst, FirstMark Capital and TQ Ventures. The fresh capital will go toward scaling its capabilities and building new ones. A number of open tech roles are currently available.
#8 (tied). $540 million, June 17 and December 16
The cybersecurity company saw major growth this year as evidenced by a pair of mega-rounds, landing $140 million in June and $400 million in December. The December funding came along with the company’s acquisition of Medigate, a healthcare IoT security company. Claroty is helping customers like Coca-Cola and General Motors protect their assets and connections.
#8 (tied). $540 million, May 25
Noom is the popular weight loss platform using cognitive behavioral therapy to encourage better health habits. The app gained a $540 million Series F round led by Silver Lake, and also added two new board members. The company is aiming to innovate its platform, expand its user base and hire for dozens of open tech positions.
#7. $550 million, March 16 and November 9
The anti-fraud company focused on financial services initially gained funding in an Accel-led Series D round which let it expand into gaming, healthcare, e-commerce and other consumer-facing verticals in the spring. According to the company, after an additional funding round of $450 million that added T. Rowe Price as a backer, Socure is now the “highest-valued private company in the identity verification space.” Its valuation currently stands at $4.5 billion.
#6. $592 million, September 3 and March 29
The Brooklyn-based health company that partners up with community-based organizations and health plans to provide health services for individuals on Medicaid and Medicare. The company extended its Series C round this year by raising $192 million in March, and then later added an additional $400 million that brought its total valuation to $5.7 billion.
#5. $750 million, February 1
UiPath has created a software that helps non-engineers configure software, making the process both easier and less tedious. The company’s valuation rocketed to $35 billion after a Series F funding round led by Alkeon Capital and Coatue. UiPath did not disclose what the funding would be used for.
#4. $843 million, March 18, July 27 and December 1
The digital asset custody, settlement and transfer platform brought in $400 million in a Series E round in December, its third infusion of fresh capital announced during a busy 2021. Technology-led digital asset custody businesses are in increasing demand, signaling more growth and revenue for companies such as Fireblocks. Its backers include Sequoia Capital, Stripes, Spark Capital and Coatue.
#3. $1 billion, June 2
Celonis created a new execution management system (EMS) product, providing companies a way to run their business processes based on data and intelligence. The company raised $1 billion in a Series D round co-led by Durable Capital Partners and T. Rowe Price that sent its valuation soaring to $11 billion. Celonis is now hiring for a range of remote, hybrid and NYC-based roles.
#2. $1.2 billion, March 8 and December 14
The bitcoin broker raised $1 billion in fresh growth equity funding from participation from big investors like Morgan Stanley, New York Life and Affirm in a round announced in December. The funding will help add capabilities to its platform such as asset tokenization and smart contract, while also allowing the company to grow its team globally.
#1. $1.5 billion, July 1
General Atlantic led a $1.5 billion Series A(!) round for Articulate Global. The previously bootstrapped company has been a leader in e-learning and training, helping big brands like Nestlé and CVS to create online training sessions for a range of skills jobs. The funding went toward expanding internationally and accelerating growth.
Funding data are compiled from SEC filings, press releases, confirmed news reports and other public databases. Funding includes venture capital and private equity announced during 2021, but excludes acquisitions and debt financing.
