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General Information

Funds

NYC funds seed biotech projects, 1/2009 $5M

Offices

Headquarters
One Battery Park Plaza
5th Floor
New York, NY, 10004
USA

People

Chief Financial Officer
President & CEO
Vice President
Associate
Associate
General Counsel
Senior Vice President
Senior Vice President
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New York City Investment Fund

The New York City Investment Fund is a private fund with a civic mission. The fund was the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Founding Chairman. His goal was to mobilize the city’s financial and business leaders to help build a stronger and more diversified local economy. To that end, the Fund has built a network of top experts from the investment and corporate communities who help identify and support New York City’s most promising entrepreneurs in both the for-profit and not-for-profit sectors.

The Fund was established in late 1996, under the auspices of the nonprofit The Partnership for New York City. It was initially capitalized by contributions of $1 million each from sixty-seven individual and corporate investors, who invested for the good of the city and without expectation of financial returns. This is an evergreen fund, in which realized gains are reinvested in other worthwhile projects.

The Fund has raised in excess of $110 million. Its investments typically range in size from $1 million to $5 million. The Fund provides equity or debt, structured to meet the needs of the project. It will invest at any stage of business development, but is seeking to exit in about five years. To date, the Fund has invested in over eighty projects.

Recent Milestones

Investments

Company Date Round Size Participants
Zipmark 8/2013Seed$1.5M5
Shapeways 3/2013Debt$1.2M1
Zipmark 12/2011Seed$2M5
EnergyHub 8/2011Series B$14.5M4
Scratch Music Group 7/2011Series A$3.3M5
Outside.in 12/2009Series B$7M5
TxVia 7/2009Series C$15.5M5
CPower 4/2009Series B$10.7M6
Outside.in 12/2008Series A$2M3
OwnEnergy 10/2008Venture Round3
LicenseStream 6/2008Series B$11M4
Outside.in 5/2008Series A$3M5
CPower 9/2007Series A$17M5
First30Days 2/2007Series A$5M3
Schoolnet 9/2006Series C$19M3
Orchestria Corporation 5/2005Series D$21M7
The FeedRoom 4/2004Series D$5M8
The FeedRoom 9/2002Series C$5M9
The FeedRoom 8/2000Series B$30M10

Videos

Sources

  1. NYC funds seed biotech projects with $5M in cash (fiercebiotech.com) [edit]
  2. Oak Investment Partners Leads $27.5 Million Series D Investment in TxVia (nycif.org) [edit]
    Constellation Energy Completes Acquisition of Energy Management and Demand Response Leader CPower (nycif.org) [edit]
  3. Zipmark Completes $1.5M Funding (finsmes.com) [edit]
  4. Partnership Fund Invests $1.2 Million for LIC Factory Build Out (shapeways.com) [edit]
  5. Zipmark Announces $2M in Series Seed Funding to Modernize the Checkbook (prweb.com) [edit]
  6. EnergyHub Closes $14.5M Series B Round of Funding (finsmes.com) [edit]
  7. DJ Solutions Company Scratch Music Group Raises $3.3 Million (techcrunch.com) [edit]
  8. Dealipedia (dealipedia.com) [edit]
  9. TXVIA RAISES $15.5M IN SERIES C FINANCING, LED BY BAIN CAPITAL VENTURES (freshnews.com) [edit]
  10. CPower Secures More Than $10 Million in Series B Round of Financing (cpowered.com) [edit]
  11. Hyper-Local News Service Outside.In Grows (bits.blogs.nytimes.com) [edit]
  12. OwnEnergy, Next Generation Renewable Energy Developer Completes Financing Round (redorbit.com) [edit]
  13. ImageSpan Inc. Secures $11 Million Financing from Group Led by Bertelsmann Digital Media Investments (imagespan.com) [edit]
  14. Local Content Aggregator Outside.in Gets $3 Million Third Round (paidcontent.org) [edit]
  15. ConsumerPowerline, Leading Provider of Demand Response and Energy Management Solutions, Announces the Completion of $17 Million Series A Financing (cpowered.com) [edit]
  16. Self-Help Site First30Days.com Launches With $5 Million from Hearst and Dick Parsons (techcrunch.com) [edit]
  17. $19 Million Investment Supports SchoolNet’s Mission to Improve the Nation’s Public Schools (schoolnet.com) [edit]
  18. Orchestria Secures $21 Million In Funding To Extend Market Leadership (balderton.com) [edit]
  19. The FeedRoom, Inc. Raises Over $5 Million In Series D Funding from New and Existing Investors (tmcnet.com) [edit]
  20. The FeedRoom, Inc. Raises Over $5 Million In Series C Funding from new and existing investors (findarticles.com) [edit]
  21. Business Wire (findarticles.com) [edit]
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Last Edited 3/12/14

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