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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...
Overview
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
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.
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.
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