1. Home
  2. Companies
  3. New York Ventures
NY

New York Ventures

About

New York Ventures supports high-growth companies and their partners to use technology to solve important challenges in areas of strategic interest and importance. We actively look to provide greater access to venture capital for regions, industries and individuals, including women and minority entrepreneurs and fund managers. Our goal is to build a robust startup ecosystem across New York State, leveraging public and private sector assets.

New York Ventures is actively deploying over $300 million of capital through equity programs for both direct and indirect investment. In 2022, New York was awarded funds via the U.S. Department of Treasury State Small Business Credit Initiative, which helps us to support our several programs.

Venture Capital Program Funds

Pre-seed and Seed Matching Fund: $30 million fund for investing in venture backable start-ups at the early stages of their development

NYS Innovation Venture Capital Fund: $135+ million fund for investing in venture-backable startups from Seed through Series B

Emerging and Regional Partner Fund: $102 million fund for investing in diverse and emerging venture fund managers or managers who invest in undercapitalized regions in NYS

Community and Regional Partner Fund: $52 million fund for investing in venture fund managers who operate or partner with mentor-based programs like accelerators

Impact

NY Ventures programs and companies create impact in numerous ways, but we are proud of the range and diversity of companies and managers that all our programs have supported since 2011.

224 companies: More than 55% located outside of New York City

$135M+ invested by NYS, matched by $900M+ from the private sector

43.3% portfolio companies started and/or led by women or minorities

Team

The New York Ventures team has extensive experience as investors and entrepreneurs, with offices in New York City, the Southern Tier, Western NY and the Capital Region. In addition, we regularly collaborate with our partners within the Small Business and Technology Development Division who help entrepreneurs at all stages of growth and development.

Jennifer Tegan - Managing Director

Silvia Garcia Codony - Assistant Vice President

Karan Mehta - Senior Director

Ryoko Nozawa - Senior Director

Josh Nelson - Director

Zack Pecenak - Director

Audrey Chisholm - Assistant Director

Elaine Chen - Operations Associate

Thomas Halpin - Project Associate

Similar companies

VH

Visible Hands

Visible Hands is a venture capital firm on a mission to highlight and invest in the limitless potential of overlooked founders. We envision a world where talent and execution - not race or gender - are the key predictors for success. Our Manifesto Our world is changing. Our communities are changing - they are becoming stronger and more vibrant in their diversity, and face fresh possibilities and challenges as a new generation looks increasingly different from the last. We believe that as new opportunities arise, anyone should have the chance to seize them. The best solutions come from those closest to the problem - as our problems evolve, so should the problem-solvers. We believe that investing in women, people of color, and other underrepresented groups is key to creating a more prosperous and equitable future for everyone. We celebrate the bold, the curious, and the irrational. We applaud those with big dreams, and who choose the harder, riskier path in relentless pursuit of pushing forward what is possible. We also acknowledge that being a risk-taker often comes from a position of privilege - opportunity and wealth gaps persist along racial and gender lines, and access to financial and social capital too often determines which ideas are nurtured to grow. We believe that we must first acknowledge that the playing field was built to be unequal in order to change it. We know that we must change it. High-growth entrepreneurship should not be reserved for the privileged few. We need to shine a light inwards on our collective blindspots, and cast out a wider and more inclusive net to find and support existing talent. Instead of relying on unseen market forces, we’re taking matters into our own hands. No one should have to look a certain way to be deemed deserving; great entrepreneurs are all around us but we must choose to see them. By sharing our privileges with those not born into it and manufacturing fairness where it doesn’t yet exist, we can fundamentally change access to wealth and opportunity in this generation. This is our open call for anyone who feels stuck on the outside looking in: We see you. We value you. We need you. Your perspective is unique, your lived experience is invaluable, and your potential is limitless. Never doubt that your voice matters and that you deserve to be heard, even if it can feel like it doesn’t. We believe that good ideas, regardless of who or where they come from, should rise to the top, and we will fight alongside you to get them there.

HC

Harlem Capital

Harlem Capital is a venture capital firm on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over 20 years. The world is missing out on a great deal of innovative companies by not investing more heavily in women and diverse entrepreneurs. Harlem Capital is addressing the disparity ourselves rather than waiting for other Venture Capital firms to come around. Communities of color are massive exporters of cultural and economic value, thus the more of us we have on the investor side of the table, the more we can proactively ensure more women and founders of color build equity in the same ecosystem we’re helping to build. We believe it’s important for founders to know there are people who look like them willing to invest in and support them and for the next generation to know that they too can be successful in VC. We’re changing the face of entrepreneurship and create generational wealth for people of color and women. It is why we have introduced "culture carry", allowing our founders to split 1% of the fund’s carry with the hope that all founders will benefit directly from each other’s success.

IV

ID Ventures

ID Ventures supports promising early-stage startups in Michigan with capital and expertise. We are a collaborative investor and provide inclusive access to our resources and network. In addition to capital, our team of experts works with ecosystem partners across our network in order to help our companies prepare for follow-on funding, scale their teams, and develop their boards and advisors. Additionally, our entrepreneurs are joining a family of early-stage companies in which to share, learn, and grow. We provide early-stage investment to promising Michigan-based, high-tech startups, as well as programs that strengthen the startup ecosystem. Since 2009, we have invested in over 200 companies with 14 exits, deployed more than $21 million through multiple funds, and leveraged over $1 billion in additional investment. CRITERIA FOR FUNDING We support companies with high-growth potential that are in the post-idea stage and seeking funding in the Pre-seed to Series A rounds. When considering investment opportunities, we look at a broad range of sectors and startups that meet the following criteria: Key founders and at least one full-time employee in Michigan Minimum Viable Product created Tech-enabled or high-tech component For-profit LLC, C Corp, or S Corp Identified scalable venture path Demonstrated progress against business model INCLUSIVITY MATTERS ID Ventures invests in minority and women led companies at 4x the national average because we see great opportunity in entrepreneurs from all backgrounds. By providing opportunities to underrepresented entrepreneurs, we can ensure representation, respect our state’s diversity, and create a start-up community unlike any other. WHAT TO EXPECT IN OUR FUNDING PROCESSINQUIRY: Fill out our online form to tell us a little about your startup and schedule an introductory phone call. INTERNAL REVIEW: Our team discusses the opportunity and assesses if appropriate to move forward. TEAM MEETING: If continuing the process, we’ll spend time getting to know your company and future plans through a series of virtual or in-person meetings to build a long-term relationship. DILIGENCE: Once both our teams are ready to proceed, we will ask for a set of company materials and references. APPROVAL: Company is reviewed with our investment committee for final approval. DOCUMENTATION: Investment documents are drafted, reviewed, and signed. FUNDING: Funds are disbursed per our agreement with ongoing reporting requirements. WELCOME TO THE FAMILY! Our team provides ongoing resources, support and networking opportunities for continued growth.

JV

January Ventures

January Ventures is a VC fund focused on angel/pre-seed in the US & Europe. We are replacing the friends & family round and re-writing the networks in venture. We believe the founders of the next decade will look fundamentally different: more female, more diverse and more distributed. We back founders based on their tenacity and ambition, not their pedigrees or who they know. Our vision is an equal opportunity tech ecosystem. Our firm is built on the principles of transparency and access, and we back founders based on their tenacity and ambition, not their pedigrees or who they know.

IV

Inicio Ventures

We believe Latinx founders bring remarkable ingenuity, incredible determination, and rich life experiences to their startup companies - yet they receive a tiny fraction of the funding and opportunities available to other groups. Inicio Ventures was formed to help close that gap by ensuring that Latinx founders can build equity and wealth in the startup economy. To complement our investment work, we build and manage Latinx startup ecosystem programs, including our pitch competition series focused on growing the talent pipeline, a Venture Fellows program for grad students interested in being the next generation of Latinx investors and an industry convening and collaboration that creates opportunities for Latinx leaders and their organizations to work together.

EV

Elevate Ventures

Building sustainable entrepreneurship cultures in Indiana, and fostering and developing high-potential, high-growth businesses for investment and returns for our stakeholders. Elevate’s vision is for Indiana to be The Innovation Capital of the World. Our MissionBuild Collaborative Communities Provide World Class Programming Invest in High Potential Companies Core TenantsBe Ethical in Every Action Have a Growth Mindset Invest in Great Opportunities Empower Innovative Entrepreneurs Deliver Value to All Stakeholders