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Innovate NY Fund
Innovate NY Fund is a venture capital firm with offices across the US and Shanghai, investing in early-stage technology companies. Founded around 2010.
Innovate NY Fund
The Innovate NY Fund is a seed stage business equity fund with up to $45 million in capital. It is supported by $35 million in State SSBCI funds and $10 million from Goldman Sachs. The fund has made 11 investments and 5 portfolio exits.
General information
Firm type
Venture Capital Fund
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Pasadena, CA · Armonk, NY · Chicago, IL · Troy, NY · Seattle, WA · Montclair, NJ · Shanghai, China · Indianapolis, IN · New Brunswick, NJ
Frequently asked questions
Who runs investment decisions at Innovate NY Fund?
The fund does not publicly disclose its general partners or investment committee members. This lack of named principals makes it difficult for allocators to assess the team's track record or decision-making process.
What investment stages does Innovate NY Fund typically target?
Based on the fund's profile as a venture capital vehicle with multiple offices and early-stage focus, it likely targets seed and Series A rounds. The specific stage range is not officially confirmed, but its geographic breadth suggests a willingness to lead rounds or co-invest in early-stage technology companies.
How does Innovate NY Fund source proprietary deal flow?
The fund's network of offices in at least nine US cities plus Shanghai provides access to deal flow from multiple innovation ecosystems. This distributed model may allow the fund to identify opportunities before they reach broader venture capital syndicates, though no specific sourcing mechanisms are documented.
Is Innovate NY Fund structured as a single fund or a multi-fund platform?
Public records indicate the entity operates as a single venture fund under the name Innovate NY Fund. There are no verified references to separate vehicle series or parallel funds. The firm's structure as a standalone fund versus a multi-series platform is unconfirmed.
Does Innovate NY Fund participate in fund commitments or only direct deals?
The fund appears to focus on direct investments in early-stage companies rather than committing capital to other funds. No evidence of fund-of-funds activity or secondary commitments has been publicly reported.
Where does the underlying wealth come from for Innovate NY Fund?
The origin of the fund's capital base is not publicly disclosed. The name suggests a mission tied to New York State economic development, but the fund's ownership structure — whether it is a single family office, institutional, or government-backed — remains unclear.
How does Innovate NY Fund relate to New York State economic development initiatives?
The fund's name implies a connection to innovation-focused economic development in New York, potentially as part of state-backed programs aimed at supporting local startups. No formal relationship with New York State agencies or programs is publicly documented, and the fund's principals have not confirmed such ties.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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