
NYC Seed
Six MetroTech Center, Brooklyn, NY, 11201, United States
Overview
NYC Seed is a New York City-based seed venture capital firm. It is a partnership between [ITAC](http://www.itac.org), [New York City Investment Fund](http://www.nycif.org), [The New York State Foundation for Science, Technology and Innovation](http://www.nystar.state.ny.us), [New York City Economic Development Corporation](http://www.nycedc.com) and [PolyTechnic University](http://www. poly.edu). It will provide up to $200,000 of investment to start-ups in New York. It has currently over $2,000,000 in funds. NYC Seed was [announced](http://news.cnet.com/8301-13577_3-9957814-36.html?part=rss&subj=news&tag=2547-1_3-0-5) by Mayor Bloomberg on June 2, 2008.
- Total investments
- 16
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Mobile
- SaaS
Investment portfolio
- Fieldlens
Participated · Series A · May 2014
FieldLens offers a mobile field-management app designed to let construction professionals document, assign and manage jobsite issues using smartphones, tablets or the Web. The platform connects entire project teams and mirrors real-world workflows to enable collaboration across projects. It launched commercially in March 2014 and is led by CEO Doug Chambers. The company plans to accelerate product adoption and continue developing new features, including analytics tools. A major focus will be on building virtual onboarding and coaching tools for customers. FieldLens is actively hiring to support growth and product development. FieldLens provides construction project teams with real-time mobile access to critical job-site data to replace paperwork, emails, faxes and site visits. The platform streamlines communication among managers, contractors, architects, engineers, design consultants, real estate developers and secondary service providers using tools such as video, tagging and touch screen. The company was founded in 2011 by CEO Doug Chambers, Matt Sena and David Small and is based in New York City. FieldLens is in private beta and expects to be available for open beta by November 2012. It raised $1.925M in seed funding and intends to use the proceeds to continue developing its platform.
- Little Borrowed Dress
Participated · Seed · Feb 2014
Little Borrowed Dress rents a curated collection of bridesmaid dresses online, offering 12 classic styles in 18 colors and designing garments to fit a range of body shapes without alterations. The company designs and manufactures its line in New York City and uses multiple fit models to accommodate varied body types. Rentals start at $50 for cocktail lengths and $75 for full-length gowns for a two-week period; dresses can also be purchased new for $150 and $185 respectively. The service guarantees availability for orders placed at least eight weeks before the wedding and ships dresses to arrive two weeks before the event with prepaid return packaging. Customer-facing features include a real wedding section with albums of past customers and a swatch request option to help brides choose colors and fabrics. The startup emphasizes saving bridesmaids money and simplifying the ordering process compared with traditional bridesmaid dress retail.
- Zipmark
Participated · Equity · Aug 2013
Zipmark provides small to midsize businesses with a proprietary hybrid payment and risk management platform to invoice and collect payments. The platform connects payer and payee accounts so money can be received and available the next business day. Launched in 2010 by CEO Jay Bhattacharya and Jake Howerton, the company is based in New York City. Zipmark completed a $1.5M funding round in August 2013. The company intends to grow its market share within the SMB space and to increase the size of its development team. Zipmark builds a mobile payments platform that uses the existing check processing network to let users pay bills, invoices, and friends from their checking accounts while avoiding credit card fees and bounced checks. The service clears funds from a user’s account on the next business day and uses Check21-compliant digital checks. Zipmark charges low fees—1% per transaction capped at $5.00—and does not need to hold customer funds for extended verification periods. The company launched a developer program and Biller API to let businesses and app developers integrate Zipmark for online and mobile transactions. At launch several partners announced support, including Sunshine Suites, Singular Payments, UnitConnect, and InvoiceASAP. Zipmark said it will also release a consumer-facing iPhone app in time for SXSW. The company is invite-only and was founded by Jay Bhattacharya and CTO Jake Howerton.
- Datadog
Participated · Series A · Nov 2012
Datadog provides a monitoring service that pulls together data from diverse infrastructure and software sources into a single dashboard, allowing IT teams to see overall system health and pinpoint problems. The service can ingest information from APM tools like New Relic or AppDynamics and log-analysis tools like Splunk, consolidating them for operational monitoring. CEO Olivier Pomel stresses the company’s focus on IT needs rather than a business-centric analytics approach. Datadog counts several thousand customers, including Salesforce, Google, Zendesk, Airbnb, Samsung and even HP. The company has been tripling revenue over the last four years and more than tripled in 2015, with roughly 90% of revenue coming from the U.S. It has grown headcount from about 75 to 180 in the past year, plans to double again, maintains its engineering team in New York City and a research and development office in Paris, and intends to open sales offices across the EU and other international markets. Datadog provides a dashboard-based monitoring platform that aggregates telemetry and analytics for cloud and hybrid infrastructure and software. The service integrates with popular providers such as Amazon Web Services, Microsoft Azure and Google Compute Engine. Launched in 2011 with its first product in 2013, Datadog serves roughly 1,000 customers ranging from small organizations to companies monitoring tens of thousands of instances. The company aggregates large volumes of data to enable forensic investigation and plans to layer on more sophisticated analytics, including predictive analytics and anomaly detection. As new technologies like Docker and CoreOS emerge, Datadog aims to help developers and operations manage the changing environment. Datadog currently has about 75 employees and plans to triple its headcount over the next year while expanding its services and R&D. Datadog provides a SaaS-based monitoring and data analytics platform that aggregates data from servers, databases, applications, tools and services to present a unified view of cloud infrastructure. The platform enables development and operations teams to collaborate to avoid downtime, resolve performance problems and ensure development and deployment cycles finish on time. Led by co-founder and CEO Olivier Pomel, Datadog has expanded compatibility beyond Amazon Web Services to include HP Cloud, Microsoft Azure, Red Hat OpenShift and OpenStack. The company plans to use the new funding to accelerate platform development and grow its engineering division. Datadog also intends to expand its sales and marketing teams in New York and Boston. In conjunction with the round, Dev Ittycheria of OpenView will join Datadog’s board of directors. Datadog provides an integrated view of tools and services used by IT, development and operations teams, aggregating data from applications, cloud providers and specialized management tools. The product covers the full lifecycle from code change to deployment to monitoring alert, with an emphasis on a consistent data model and simple user experience. Datadog emphasizes ease of use—customers can set up in about five minutes—and the platform is built to scale, aggregating tens of billions of records a day for its largest customers. The company is privately held and venture-funded and says it serves a rapidly growing enterprise customer base. With the new financing, Datadog plans to expand development, sales and marketing operations to support that growth.
- CourseHorse
Led · Seed · Oct 2012
CourseHorse operates a marketplace that enables users to discover and enroll in local classes spanning casual programs (cooking, art) to professional courses (finance, programming). Led by CEO & co-founder Nihal Parthasarathi, the company aggregates offerings from universities, cultural institutions and education providers. It works with over 1,500 class providers, listing 70,000 classes for 200,000 members nationwide. Current educators on the platform include Columbia University, Stanford Graduate School of Business, General Assembly, New York Public Library, California State University and Los Angeles County Museum of Art, among others. The company recently raised $4M in funding and will use the proceeds to accelerate expansion beyond New York City, Los Angeles and Chicago and to expand its engineering team to build out product offerings. CourseHorse is positioned to grow its marketplace footprint and product capabilities using the new capital. CourseHorse operates a curated class discovery platform and centralized booking engine that aggregates more than 20,000 classes from over 500 local education providers. The company takes a commission on each class booked through its engine and reports strong growth metrics: traffic growing ~40% month-over-month and enrollment and revenue growing around 50% monthly. CourseHorse was co-founded by NYU graduates Katie Kapler and Nihal Parthasarathi and counts Foursquare CEO Dennis Crowley as an adviser. Until this round the company had been purposely bootstrapped and lean; it now plans product expansion including a stronger recommendation engine in the next version of CourseHorse. The funds will support geographic expansion beyond New York, including a Time Out partnership to launch CourseHorse-powered discovery on Time Out’s NYC and Los Angeles sites and a planned Los Angeles launch, with two to three additional cities targeted over the next year. The team comprises six full-time employees plus contractors as it scales the product and market footprint.
Team
No current team members are available.