New York State Innovation Venture Capital Fund

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Objective

The state has devoted $100 million – with an additional $35 million of SSBCI funding – to the New York State Innovation Venture Capital Fund, a direct investment fund for Seed through Series B technology companies across New York State.   

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Overview

Investment Criteria   

We invest in exceptional founders from diverse backgrounds who solve large-scale problems using innovative technologies in the following sectors: Climate Technology, Health Tech and Life Sciences, Ag-tech Systems, Advanced Manufacturing, social impact SaaS, Data, and AI and other critical technologies. 

Approach  

Stage: Primarily Seed and Series A rounds  

Co-investment: We invest alongside your lead institutional or strategic investor but do not lead rounds ourselves.  

Commitment   

Our companies make a commitment to building a diverse workforce in New York State, generating new jobs and other economic activity. We also consider companies willing to relocate to New York.  

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Portfolio

New York Ventures is actively deploying capital through the New York State Innovation Venture Capital Fund and is proud to support a diverse and growing portfolio of companies.  

Clean Energy / Climate Tech

BlocPower Conamix Dimensional Energy
Ecolectro EMC Exodys Energy
Feedback Solutions GDI It's Electric
Kintra Fibers Loliware Sionic
Urban Electric Power

Health Care / Life Sciences

BE Therapeutics Cayuga Biotech ENB Therapeutics
Envisagenics Fesarius Therapeutics Hopscotch
Inso Biosciences JelikaLite MyndYou
NeuroGenesis OncoPrecision SimpliFed
UniteUs Vyv Wesper
Yuvo Health Zetagen     

Social Impact Tech

Benny API CAHill TECH 8B Finance
Ellevest Kangarootime WYL

Computing / AI

Bounce Imaging Exostellar Hedral
NopSec Owl.AI Qunnect
Token Ursa Space Systems Zero Mark 

Agricultural Technology

Somadetect  

Advanced Manufacturing

Mosaic Microsystems Free Form Fibers PostProcess
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Portfolio Exits    

Artemis (acquired by iUNU), GiveGab (acquired by EveryAction), Seamless Docs (acquired by Kofile), Concertio (acquired by Synopsys), Kinvolved (acquired by PowerSchool), Tara Biosystems (acquired by Valo Health), RedPin Therapeutics (acquired by Kriya Therapeutics) , The Cru (acquired by We Are Luminary), MyndYou.