
Partnership Fund for New York City
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
Frequently Asked Questions
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