Q2 Funding in NYC: “Shopping Facilitators” and Foursquare Rule
Foursquare’s recent $50 million funding round may have grabbed headlines nationwide, but a close look at second-quarter venture rounds reveals another trend: Investors can’t get enough of fashion sites. Gilt Groupe, a website that features limited-time “flash” sales of clothing, travel, and other high-end items, pulled in a remarkable $136 million. Ideeli and Rent the Runway also raised money.
All together, New York area companies pulled off 79 financing rounds and raised a total of $1.3 billion in the second quarter, according to data out this morning from Dow Jones VentureSource. The top industry in terms of amount invested, says Dow Jones, was “shopping facilitators,” with $209.31 million raised in the quarter.
So who were the other big winners? Here’s the list of the top 10 newly rich New York companies, courtesy of the PricewaterhouseCoopers/ National Venture Capital Association Money Tree Report.
Company: Gilt Groupe
Amount Raised: $136 million
Lead Investors: Draper Fisher Jurvetson, Eastward Capital, General Atlantic Goldman Sachs, Matrix Partners, New Enterprise Associates, Pinnacle Ventures, Softbank, TriplePoint Capital
Company: Foursquare Labs
Amount Raised: $50 million
Lead Investors: Andreessen Horowitz, O’Reilly Alpha Tech Ventures, Spark Capital, Union Square Ventures
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