Empire State Development
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Investment Firm
Overview
N/A
Highlights
Founded
1941
Industry
Business Development
Employees
11-50
Investment
15
Lead Investment
10
Exits
2
Stages
Early Stage Venture
Investor Type
Government Office
Location
New York, New York, United States, North America
Contact Information
Social
Profile Resume
Empire State Development, established in 1941 and headquartered in New York, New York, United States, North America., specializes in Early Stage Venture investments across Biotechnology, Health Care, Pharmaceutical, Therapeutics, Finance, Financial Services, Venture Capital, Medical, Life Science, Business Development. The organization boasts a portfolio of 13 investments, with an average round size of $15.0M and 2 successful exits. Their recent investments include Petra Pharma, Partnership Fund for New York City, ARCH Venture Partners, Eli Lilly, AbbVie. The highest investment round they participated in was $14.0B. Among their most notable exits are Petra Pharma and Partnership Fund for New York City. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
Empire State Development has made 15 investments. Their most recent investment was on Jul 09, 2024, when FuzeHub raised $1.0M.
Empire State Development has made 1 diversity investments. Their most recent diversity investment was on Jun 04, 2024, when Envisagenics raised $25.0M.
investments
15
Diversity investments
1
Lead investments
10
Number of exits
2
Investments
15
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Feb 27, 2024 | WISE Women’s Business Center | Business Development | null |
| May 06, 2024 | FIFCO | Food and Beverage | 7.0M |
| Jun 04, 2024 | Envisagenics | Biotechnology | 25.0M |
| Jul 09, 2024 | FuzeHub | Manufacturing | 1.0M |
Exits
2
Funding Timeline
Funding rounds
15
Investors
1
Funds
0
Funding Rounds
15
Empire State Development has raised 15 rounds. Their latest funding was raised on Jul 09, 2024 from a Grant - FuzeHub round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Feb 27, 2024 | Grant - WISE Women’s Business Center | - | 0 | - |
| May 06, 2024 | Grant - FIFCO | - | 7.0M | - |
| Jun 04, 2024 | Series B - Envisagenics | - | 25.0M | - |
| Jul 09, 2024 | Grant - FuzeHub | - | 1.0M | - |
Investors
1
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
| - | Yes | Grant - Empire State Development | 1.0M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
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Recent Activity
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