Launch NY

About

Launch NY is a U.S. Treasury-designated Community Financial Institution (CDFI) and a 501(c)(3) nonprofit venture development organization.

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Highlights

Details

Last Funding Type: Grant
Last Funding Money Raised: $300K
Industries: Non Profit,Social Entrepreneurship
Founded date: Jan 1, 2012
Number Of Employee: 1 - 10
Operating Status: Active
Investor Type: Entrepreneur Program,Venture Capital

Launch NY is a U.S. Treasury-designated Community Financial Institution (CDFI) and a 501(c)(3) nonprofit venture development organization, providing pro bono mentoring and capital access to high-growth potential startups across Upstate NY. The mission is to identify, support and invest in high-growth, high-impact companies, and catalyze the entrepreneurial culture in the 27 counties comprising the western half of Upstate New York.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$4.80M

Launch NY has raised a total of $4.80M in funding over 2 rounds. Their latest funding was raised on Feb 3, 2020 from a Grant round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 3, 2020	Grant	$300K	1	JP Morgan Chase	—	Detail
Jan 28, 2019	Grant	$4.50M	1	Ralph C. Wilson, Jr. Foundation	—	Detail

Investments

Number of Investments

Number of Lead Investments

11

2

Launch NY has made 11 investments. Their most recent investment was on Nov 30, 2022, when MemoryFox raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 30, 2022 MemoryFox	Pre-seed	—	Brand Marketing	—
Feb 24, 2022 AireXpert	Seed	$1.50M	Aerospace	Yes
Dec 17, 2021 Azuna Fresh	Seed	$1.60M	Consumer Goods	—
Sep 30, 2021 ZIZO Technologies Inc.	Convertable Note	$1M	Gamification	—
Jul 2, 2021 Agape	Seed	$1.80M	Developer Platform	—