Series A: A Series — August 2026
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August may have been a quieter month for NYC’s Series A scene, but the companies that did raise are covering plenty of ground.
This month, eight NYC startups announced Series A rounds, collectively raising $157.6 million. Across all rounds to date, the cohort has raised nearly $200 million, and they’re currently hiring for dozens of NYC-based jobs.
Compared with last August, there were fewer deals and slightly smaller checks:
16 companies raised Series A rounds in August 2025, twice this year’s total.
The average Series A fell from $23.3 million in August 2025 to $19.7 million in August 2026.
Still, six of this month’s eight rounds were $15 million or larger, showing meaningful capital continues to flow across a notably varied group of companies.
So where did the money go?
Digital health and biotech take the top spot
Digital health and biotech attracted the largest share of August’s Series A capital, with $56 million, or roughly 36% of the month’s total.
Remepy led the category with a $36 million Series A. The biotech company is developing hybrid drugs that combine software and traditional therapeutics.
Meanwhile, Aligned Marketplace raised $20 million to connect self-insured employers with independent primary and specialty care providers.
The approaches are very different, but both reflect a theme we’ve seen repeatedly throughout Series A: A Series, in which NYC founders are building across the healthcare stack, from the science behind new treatments to the infrastructure connecting patients, providers, and payers.
Financial infrastructure finds another $56 million
Finance was effectively tied for August’s top spot, with companies focused on financial and insurance infrastructure also raising $56 million.
Silicon Data raised the month’s second-largest round at $30.5 million, building data products designed to bring greater intelligence and efficiency to markets.
Axle added another $17.5 million for its insurance data infrastructure, while PineGap raised $8 million to build bespoke AI agents that automate research workflows for asset managers.
Taken together, the trio captures the combination of deep financial expertise, specialized data, and increasingly sophisticated AI — something distinctly New York.
Digital identity moves from software to hardware
XCards raised $15 million for secure digital identity infrastructure.
The company combines cryptography, edge AI, and physical NFC cards to build decentralized identity infrastructure for applications including travel, digital finance, and autonomous AI agents.
As AI agents increasingly interact with systems, make transactions, and act on users’ behalf, proving who or what is on the other side of an interaction could become a much bigger technology challenge. XCards is betting identity infrastructure will need to evolve alongside AI itself.
Climate tech gets closer to the ground
Mitti Labs raised $9.5 million, bringing AI and satellite technology to one of the world’s oldest industries: rice farming.
Its technology helps farmers reduce and measure methane emissions, creating high-integrity carbon credits while supporting water savings and additional income for farmers.
Consumer tech is still in the picture
Enterprise infrastructure may dominate venture conversations, but August also delivered a significant consumer bet.
Lone Palm Labs raised $21.1 million. The company is behind Retro, a friends-only photo journal built around sharing everyday moments with smaller, more personal networks.
At a moment when much of tech is focused on enterprise AI, the round is a reminder that investors still see opportunity in rethinking how people interact online.
The bigger picture
Yes, August’s cohort is the smallest we’ve tracked in some time, and the year-over-year decline in both deal count and average round size is worth watching.
But underneath those numbers is an unusually broad mix of bets. Digital health and biotech brought in $56 million, financial infrastructure another $56 million, consumer tech $21.1 million, digital identity and security $15 million, and climate and agriculture $9.5 million.
From hybrid therapeutics and institutional AI agents to carbon markets, digital identity, and social networks, August demonstrates there is no single New York startup story.
And with dozens of NYC-based jobs already open across just eight newly funded companies, these rounds are translating into growth here in the city.
Did we miss your Series A raise? Let us know — we want to spotlight every NYC founder turning vision into venture.
The map below features raises from June 2025 - August 2026.
The sheet below is sorted by most recent raise date.