InSITE works with five to six promising early-stage startups based in New York City each semester. While some of those companies remain in stealth mode, many are gaining wider awareness.
Companies that InSITE works with cover a range of industries, including internet, software, healthcare and life sciences, enterprise services, education, consumer goods, social ventures and financial services.
Since Fall of 2000, InSITE’s companies have raised a total of more than $215 million of disclosed funding and have enjoyed at least 6 successful exits.
With 96 companies completing our program to date, that’s an average of $2.2 million raised per company – an impressive number, particularly considering the majority of start-ups do not receive funding.
The top tens raises were by:
RecycleBank
Silicon Alley Telecom (now part of Broadview Networks)
Hycrete
Vindigo
ON Networks
TERRAcycle
Organic Motion
Design2Launch
Powerlell
PreClick
Top Angel/VC investors have been involved in these ventures, including:
RRE Ventures
Kleiner Perkins Caufield
Rose Tech Ventures
NGEN Partners
First Round Capital
Accel Partners
Kodiak Ventures
PKS Capital
SJF Ventures
Robin Hood Ventures
Foundry Group
Betaworks
New York Angels
To date, have been at least 6 successful exits including
Klipmart, which is now Doubleclick’s Rich Media Ad serving tool, Motif
Design2Launch, acquired by Kodak
EATS Media, acquired by Delivery.com
ASPEED Software, acquired by Simtone
PreClick, acquired by Smilebox
Mycrocept, acquired by Healthpoint
These numbers do not take into account undisclosed funding amounts. We know of at least 6 companies that have received seed funding, but the sizes were not publicly disclosed, including:
HopStop
MediaMerx
Frogtek
Quartzy
Catchafire
Although InSITE doesn’t take full credit for the success of these companies, no one can dispute that the company selection teams each semester have successfully picked the best and brightest entrepreneurs in NYC.