Partnership Fund for New York City logo

Partnership Fund for New York City

North America, New York, United States, New York

Description

The Partnership Fund for New York City serves as the $170 million investment arm of the Partnership for New York City, a leading non-profit organization dedicated to enhancing the city's economic competitiveness. Established with a clear mandate, the Fund's primary objective is to stimulate job creation and foster economic growth within New York City by investing in promising, high-growth ventures. It plays a crucial role in bridging the gap between innovative startups and the capital needed to scale, thereby strengthening the city's diverse industry landscape.

The Fund primarily targets companies with a strong operational presence or significant impact potential within New York City. Its investment strategy focuses on early-stage companies, typically at the seed or Series A stage, that are poised for significant expansion. The Partnership Fund strategically invests in sectors deemed critical to the city's future economy, including life sciences, financial technology (fintech), digital health, and advanced manufacturing. Initial investments from the Fund generally range from $250,000 to $1,000,000, with potential for follow-on capital to support the continued growth of successful portfolio companies.

Since its inception, the Partnership Fund has demonstrated a substantial commitment to the New York City entrepreneurial ecosystem. It has invested in over 170 companies, deploying its capital to help these ventures develop, expand, and generate employment opportunities. This long-standing dedication underscores its mission to not only provide financial backing but also to contribute to the strategic development of a robust and resilient economy for New York City, reinforcing its position as a global hub for innovation and business.

Investor Profile

Partnership Fund for New York City has backed more than 72 startups, with 1 new investments in the last 12 months alone. The firm has led 4 rounds, about 6% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, France, United Kingdom.
  • Strong thematic focus on Software, FinTech, Financial Services.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (38%)
  • Series B (21%)
  • Seed (13%)
  • Series C (11%)
  • Series Unknown (6%)
  • Series D (4%)
  • Private Equity (3%)
  • Pre Seed (3%)
  • Convertible Note (1%)
  • Debt Financing (1%)

Country Focus

  • United States (96%)
  • France (1%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Fintech
  • Financial Services
  • Information Technology
  • Health Care
  • Analytics
  • Artificial Intelligence (Ai)
  • Saas
  • Enterprise Software
  • Biotechnology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Partnership Fund for New York City frequently co-invest with?

Two Sigma Ventures
North America, New York, United States, New York
Co-Investments: 5
Village Ventures
North America, Massachusetts, United States, Williamstown
Co-Investments: 5
Rethink Education
North America, New York, United States, White Plains
Co-Investments: 4
Ridgewood Capital
North America, New Jersey, United States, Montvale
Co-Investments: 4
180 Degree Capital
North America, New Jersey, United States, Montclair
Co-Investments: 3
Contour Venture Partners
North America, New York, United States, New York
Co-Investments: 8
WuXi AppTec
Asia, Shanghai, China, Shanghai
Co-Investments: 4
Constellation Technology Ventures
North America, Maryland, United States, Baltimore
Co-Investments: 4
Commerce Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Activate Venture Partners
North America, New York, United States, New York
Co-Investments: 4

Which angels does Partnership Fund for New York City often collaborate with?

AO
North America, New York, United States, New York
Shared Deals: 1
JJ
North America, Nevada, United States, Las Vegas
Shared Deals: 1
TH
North America, California, United States, San Francisco
Shared Deals: 1
RS
North America, New York, United States, New York
Shared Deals: 1
CB
North America, Massachusetts, United States, Boston
Shared Deals: 1
CL
North America, Tennessee, United States, Nashville
Shared Deals: 1
PL
North America, California, United States, Carlsbad
Shared Deals: 2
KM
North America, California, United States, Los Angeles
Shared Deals: 4
WH
North America, California, United States, San Francisco
Shared Deals: 1
MJ
North America, California, United States, Los Angeles
Shared Deals: 1

What are some of recent deals done by Partnership Fund for New York City?

LeapXpert

New York, New York, United States

LeapXpert is a business communication platform that provides compliance solutions.

B2CCommunications InfrastructureComplianceInformation and Communications Technology (ICT)MessagingSoftware
Series BJan 21, 2025
Amount Raised: $20,000,000
itselectric

Brooklyn, New York, United States

itselectric is electric vehicle charging purpose-built for drivers who park their cars on city streets.

Clean EnergyCleanTechElectric VehiclePower Grid
SeedJul 16, 2024
Amount Raised: $6,500,000
BforeAI

Montpellier, Languedoc-Roussillon, France

BforeAI predicts and prevents cyber threats by autonomously mapping malicious infrastructure, analyzing datasets, and detecting anomalies.

Artificial Intelligence (AI)Cyber SecurityInformation TechnologySoftware
Series AApr 24, 2024
Amount Raised: $15,000,000
Summer​

New York, New York, United States

Summer is an end-to-end student loan workplace benefit solution that helps employees navigate college costs and reduce student debt.

Employee BenefitsFinancial ServicesPersonal Finance
Series UnknownApr 8, 2024
Amount Raised: $9,000,000
Goalsetter

Brooklyn, New York, United States

Goalsetter is a family-focused financial education and wealth-building platform provider making learning about finance fun and interactive.

EdTechFinancial ServicesFinTechPaymentsWealth Management
Series AMar 25, 2024
Amount Raised: $9,600,000
Reality Defender

New York, New York, United States

Reality Defender develops a detection platform to identify and assess risks associated with false media content.

Artificial Intelligence (AI)Identity ManagementNetwork Security
Series AOct 17, 2023
Amount Raised: $15,000,000
Kinnos

Brooklyn, New York, United States

Kinnos is a biotechnology company that makes it easy to use disinfectants correctly.

BiotechnologyCleanTechHealth Care
Series BMay 2, 2023
Amount Raised: $15,000,000
Summer​

New York, New York, United States

Summer is an end-to-end student loan workplace benefit solution that helps employees navigate college costs and reduce student debt.

Employee BenefitsFinancial ServicesPersonal Finance
Series AApr 25, 2023
Amount Raised: $7,700,000
Wellth

Los Angeles, California, United States

Wellth motivates medication adherence using Behavioral Economics

Health CareInformation TechnologymHealthPersonal Health
Series BMar 30, 2023
Amount Raised: $20,000,000
LeapXpert

New York, New York, United States

LeapXpert develops business communication platform.

B2CCommunications InfrastructureComplianceInformation and Communications Technology (ICT)MessagingSoftware
Pre SeedMar 29, 2023