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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

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