SILICON ALLEY’S BILLION-DOLLAR CLUB: Meet the most valuable startups in New York City

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WeWork cofounders Miguel McKelvey and Adam Neumann
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WeWork

There’s no shortage of innovative and impressive startups in New York’s Silicon Alley.

But only a handful of those companies have billion-dollar valuations.

Pulled from our recently published Silicon Alley 100 list, these are the most valuable startups in New York City.

All the companies on this list are private tech companies based in New York City that have raised venture-capital funding. Our list is not inclusive of every billion-dollar New York City startup; we’ve only included those from our SA 100 list. We ranked their value based on available information from the Wall Street Journal’s billion-dollar club listing.


11. Vox Media

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Ricky Carioti/The Washington Post via Getty Images

Valuation: $1 billion

Jim Bankoff, CEO

Vox, the media company thatowns The Verge, Curbed, SB Nation, Vox.com, and Eater, added another site to its arsenal in June: 18-month-old Re/code, a tech-news publication founded by Walt Mossberg and Kara Swisher in 2014, which is predicted to bring in $12 millionthis year, Business Insider reported at the time of the acquisition.

In addition to purchasing Re/code, Vox received a $200 million investment from NBCUniversal in August. The investment isreportedly part of a push by NBC to connect with Millennial audiences, Re/code reported at the time, but it’s a good sign for Vox any way you slice it. With this investment, Vox is now worth $1 billion, according to The Wall Street Journal.


10. AppNexus

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Clockwise from left: Michael Rubenstein, Brian O’Kelley, Jon Hsu
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Twitter/AppNexus

Valuation: $1.2 billion

Brian O’Kelley (cofounder and CEO), Michael Rubenstein (president), Jon Hsu (CFO and COO)

AppNexus, a cloud-based software company, is one of the biggest tech startups in New York City, following the$62.7 million round of series E fundingit raised in April. WPP, the world’s largest advertising holding group, alsoinvested $25 million in the ad tech company last October. Following the investment, WPP CEO Sir Martin Sorrell notedthat the stake in AppNexus gives rival companies, such as Publicis Groupe and Omnicom, “nowhere to go” – a positive sign for AppNexus’ viability. AppNexus also works with other major holding companies aside from WPP.


9. Sprinklr

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Sprinklr

Valuation: $1.2 billion

Ragy Thomas, founder and CEO

Earlier this year, Sprinklr, a social-media management firm that competes with companies like Hootsuite, joined the ranks of elite private tech companies worth over $1 billion. Sprinklr can thank a round of funding to the tune of $46 million from investors including Intel Capital, Battery Ventures, and Iconiq Capital, for its new honor. In August, the startup also acquired TBG Digital, one of Facebook’s big ad-buying clients.


8. Warby Parker

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Neil Blumenthal (left) and David Gilboa
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Michael Buckner/Getty

Valuation: $1.2 billion

Neil Blumenthal and David Gilboa, cofounders and co-CEOs

Warby Parker has done a lot in five years. Since its founding in 2010, the eyeglass retailer has raised $115.5 millionin venture-capital funding (most recentlytaking in $100 million in a round of funding led by T. Rowe Pricein April), opened 16 storefronts in nine cities and become a “unicorn” with a valuation of$1.2 billion. The startup also operates on a platform of social good, mirroring every pair of glasses purchased with a pair donated to someone in need.

The brand plans tocontinue expanding their brick-and-mortar operations, and has also considered developing technology that will let them issue prescriptions in-house.


7. FanDuel

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L to R: Nigel Eccles, Lesley Eccles, Tom Griffiths
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Michael J. LeBrecht II /Sports Illustrated/Getty Images/LinkedIn

Valuation: $1.3 billion

Lesley Eccles, Tom Griffiths, and Nigel Eccles, cofounders

Fantasy-sports websiteFanDuelhad a huge year; the startup raised a massive$275 million series E roundin July from investors like KKR, Comcast Ventures, Google Capital, NBC Sports Ventures, and Time Warner Investments. The new funding valued Fanduel at $1.3 billion and pushing it into a growing group of startups with $1 billion valuations known colloquially as the “unicorn club.”

FanDuel, which competes with DraftKings, made its first two acquisitions this summer too. In July, Fanduel acquired Scottish app-development companyKotikan, and in August it acquired sports-analytics platformnumberFire.

FanDuel is for busy or casual fans. It lets users participate in one-day leagues, as opposed to having to commit to season-long leagues. The company says it pays out over $10 million in cash payouts weekly.


6. BuzzFeed

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Reuters Pictures/Brendan McDermid

Valuation: $1.5 billion

Jonah Peretti, cofounder and CEO

Silly quizzes and cat GIFs might come to mind when someone mentions BuzzFeed, but the news site is worth serious cash. Itraised $200 million from NBCUniversalearlier this year, pushing its valuation to a high $1.5 billion. It’s no surprise considering how quickly the site has grown: Ittripled its revenue from 2012 to 2013, and continues to invest more and more into serious editorial content.

The media startup dived deep into video this year and generatedover 1.9 billion views in July alone andreceived $3.5 million from a publisher presumed to be Google/YouTubefor original videos.


5. MongoDB

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L to R: Eliot Horowitz, Michael Gordon, Dev Ittycheria
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YouTube/devGeeK; MongoDB

Valuation: $1.6 billion

Eliot Horowitz (cofounder and CTO), Dev Ittycheria (president and CEO), Michael Gordon (CFO)

In July, database startup MongoDB hired Michael Gordon as its new CFO – a man who is well known in the New York tech world for his work on many IPOs, mergers, and acquisitions while at Merrill Lynch. Gordon’s joining MongoDB could hint at a possible IPO for the company, which has been a $1 billion “unicorn” company since 2013.

MongoDB has raised more than $311 million in eight rounds of funding, according to Crunchbase, the latest of which was an $80 million series G round in January. Tens of thousands of companies use MongoDB to build high-performance systems, including more than a third of companies in the Fortune 100.


4. Oscar

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Clockwise from top left: Kevin Nazemi, Josh Kushner, Mario Schlosser
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Twitter and Flickr/number10gov

Valuation: $1.7 billion

Mario Schlosser (Cofounder and CEO), Josh Kushner (cofounder at Oscar and managing partner at Thrive Capital), Kevin Nazemi (cofounder)

In April, health-insurance company Oscarraised $145 million, giving it a $1.5 billion valuation. Then in September, Oscar closed another $32.5 million round of venture funding led by Google Capital, pushing its valuation up to$1.75 billion. With these investments, Oscar joins the ranks of buzzy startups known as unicorns, a moniker used to describe those with valuations over $1 billion.

Oscar wants to transform the healthcare industry by creating a better user experience when it comes to health insurance. It launched publicly in 2013 and had more than 40,000 customers across New York and New Jersey as of April, withplans to launch in Texas and California.


3. ZocDoc

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L to R: Oliver Kharraz, Nick Ganju, Cyrus Massoumi
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ZocDoc

Valuation: $1.8 billion

Cyrus Massoumi (cofounder and CEO), Nick Ganju (cofounder), Oliver Kharraz (cofounder and president)

After raising $130 million in funding at a $1.8 billion valuation, online medical appointment-booking service ZocDoc is now the third most valuable tech startup in New York City.

The unicorn company, which employs more than 600 people between its New York, Arizona, and India offices, is eight years old and has changed the landscape for booking appointments, and evaluating your experiences, with doctors in your area.


2. Blue Apron

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L to R: Ilia Papas, Matt Salzberg, Matt Wadiak
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Blue Apron

Valuation: $2 billion

Matt Salzberg, Matthew Wadiak, and Ilia Papas, cofounders

Blue Apron, a company that makes cooking easy by delivering perfectly proportioned ingredients and recipes straight to your door, isn’t just a godsend for lazy cooks – it’s alsoworth $2 billion. Following a series D round of funding to the tune of $135 million in June, the startup announced its $2 billion valuation, making it one of tech’s growing number of unicorns:privately held companies with valuations of $1 billion or more.

Though it’s only been around since 2012, Blue Apron is already selling more than 3 million meals each month,CEO Matt Salzberg told Business Insider earlier this year. The startup has more than tripled in size since January, and reports hundreds of thousands of customers. Blue Apron’s potential is vast: The service appeals tomillennials who want to expand their repertoire in the kitchenas much as busy moms straining for creativity and simplicity in their weeknight meals.


1. WeWork

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Miguel McKelvey (left) and Adam Neumann
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WeWork

Valuation: $10 billion

Adam Neumann (cofounder and CEO) and Miguel McKelvey (cofounder and CCO)

After raising $433.9 million in a round of series E fundingin August, WeWork‘s valuationjumped to a huge $10 billion. The startup’s previous round of series D funding in December 2014 valued it at $5 billion, still making it one of themost value private tech companiesin the world at the time. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork leases office and coworking spaces to startups, providing flexible contracts and plenty of amenities. The company also recently announced plans to foray into“co-living” apartmentsas well.