2016 Year in Review
4 likes883 views
In 2016, the Boston/New York tech ecosystem experienced significant activity with numerous IPOs and $1 billion exits, while a total of 1,027 companies were evaluated, leading to 5 new investments and 19 follow-on funding rounds. The document highlights achievements of various companies such as CarePort Health and Chainalysis, which have made strides in their respective sectors. Overall, the report emphasizes the vibrant investment landscape and commitment to emerging technologies in the region.
2016 Year in Review
- 2. In 2016, continued to back transformative companies… …building data enabling technology.
- 3. Built by amazing people.
- 4. It’s been a busy year in the Boston/New York tech ecosystem: IPOs, $1B+ exits: More VC $$, new funds: Universities supporting tech: Co-working, networking locations:
- 5. And in the areas we’re excited about Machine Intelligence Blockchain Enabling Tech SaaS VR IoT
- 6. So we hit the streets, Running… Looked at 1,027 companies Spoke with 280 Diligenced 62 Invested in 5 new companies 62 280 1027 5 Converge VP "funnel” (last 12 months)
- 7. November 2016 spending lots of time in northeast tech hubs, Most active investors in Boston
- 8. partnering with new co’s, and doubling-down on existing portco’s, 5 new investments 19 follow-on investments(Across all funds) And more.. Boston (3) NYC (2) Boston (13) NYC (5) Toronto (1)
- 9. and are proud to co-invest with some of the best. And more…
- 10. We love what we do. We made hundreds of intro’s, Hosted 16 events, Sat on 24 industry panels, Wrote 15 articles on emerging tech, Sent 14 newsletters, And received 48 mentions in publications like…
- 11. We publish articles on emerging tech,
- 12. and have fun with our newsletters. Sign up for the newsletter
- 13. Of course we think our companies are great J but we’re not the only ones… Careport Health purchased by Allscripts Chainalysis signs Cybercrime Deal with Europol; recognized as leading blockchain forensics provider Disrupt Beam adds The Walking Dead to its portfolio of multiplayer strategy games, Spring ‘17 Harmonix launches Harmonix Music VR for Playstation VR, Rockband Rivals for Xbox One, PS 4 Help Scout tops 7,000 customers in 140 countries OwnerIQ established leadership in 2nd party data, creating a new means for ad revenue and greater brand awareness Podium Data raised $9.5M Series A and named 2016 Computerworld Data+ Editors’ Choice Awards for role delivering a production-‐ready, enterprise-‐grade data lake. Also recognized by MIT, CIO Magazine, & Teradata Promoboxx closed $8.2M Series A round to fuel more growth, and hosted their sold-‐out Aligned conference for innovative retailer support strategies SyncOnSet awarded 68th Primetime Engineering Emmy Award for development of industry-‐leading software for TV and Film production design departments WeSpire Wins Bronze Stevie® Award at 2016 Stevie Awards for Women in Business Yieldbot Ranked 2nd Fastest Growing Company in North America on Deloitte’s 2016 Technology Fast 500™
- 14. Here we come 2017!