Investors are putting money into NYC tech companies across a range of industries. The market’s five biggest funding rounds in March totaled $580 million, providing financing for products that include clean energy solutions and tech-enabled fertility and wellness services. Keep reading to find out which tech companies netted NYC’s largest funding amounts.
Largest NYC Tech Funding Rounds, March 2023
- Amelia
- Amogy
- Kindbody
- Coursedog
- Wunderkind
#5. $76 million, March 2
Wunderkind is a performance marketing company that works with brands to analyze their customers’ behavior and then deliver individualized messaging. The company secured $76 million in Series C funding that will be put toward company growth and product expansion. With this new capital, Wunderkind has raised more than $135 million in financing to date.
#4. $90 million, March 29
Coursedog’s academic operations platform has been used to centralize and modernize workflows at more than 170 higher education institutions. It facilitates several important functions, including managing curriculum changes and gathering data insights about student needs. Founded in 2018 by a pair of Columbia University students, Coursedog is looking to drive product development and customer success using a $90 million strategic growth investment received in March.
#3. $100 million, March 2
Kindbody is a healthtech company providing fertility and wellness services that can be offered as an employee benefit or covered by insurance or other financing options. Its network of fertility clinics and experts handles everything from fertility and egg-freezing consultations to nutrition coaching and doula services, with some appointments in person and others virtual. Kindbody announced last month it raised $100 million in new funding, which will support company growth in the form of new clinics in underserved U.S. markets and enhancements to its care model.
#2. $139 million, March 22
Amogy is trying to decarbonize the transportation industry. It’s been working on a solution that turns ammonia into energy, with a focus on industries like shipping and trucking. Amogy has demonstrated its ammonia-to-electricity technology can power a tractor that normally runs on diesel fuel. The Brooklyn-based startup raised $139 million in funding that will be used to help bring its first product to market in 2024.
#1. $175 million, March 7
Amelia builds artificial intelligence products and solutions, such as its conversational AI platform capable of providing customer service and support. The company received a $175 million investment in March co-led by BuildGroup and Monroe Capital. The financing will allow Amelia to bring enterprise products to market.
