New York closed $4.7B in healthtech deals across 240+ companies in 2025. Digital health took 48% of total funding. The city has more hospital systems and payer expertise than SF. You'll need clinical validation before anyone writes checks.
Oak HC/FT: Led Devoted Health's $300M Series C when value-based care wasn't proven
Thrive Capital: Backed Oscar Health at $30M Series A before insurance tech was fundable
.406 Ventures (Manhattan): Invested in Zocdoc's $15M Series B in 2011
FirstMark Capital: Backed Flatiron Health at $20M Series B, sold to Roche for $1.9B
Insight Partners: Led Vericel's $45M growth round for cell therapy commercialization
Two Sigma Ventures (Manhattan): Backed Flatiron Health at $20M Series B before oncology data was hot
Primary Venture Partners: Invested in Healthify's $8M Series A for social determinants platform
Lux Capital: Funded Mammoth Biosciences at $23M Series A for CRISPR diagnostics
RRE Ventures: Backed Zocdoc at $5M Series A when appointment booking seemed simple
General Catalyst (Manhattan): Led Livongo's $8M Series A, exited at $18.5B to Teladoc
Rock Health: Invested in Omada Health's $4.7M Series A for chronic disease management
8VC: Backed Oscar Health at $30M Series A and rode it through IPO
Human Capital: Led Cityblock Health's $20M Series A for community health
Health Velocity Capital: Funded Commure at $12M Series A for healthcare infrastructure
Transformation Capital: Backed Hinge Health at $26M Series B for MSK digital therapy
Aisling Capital: Led Tempus' $25M Series B for precision medicine data
ARCH Venture Partners: Backed Juno Therapeutics at $120M Series A for CAR-T therapy
Polaris Partners: Invested in Foundation Medicine at $14M Series B, sold to Roche for $2.4B
New York has 45+ active healthtech-focused funds. Average seed round is $5.2M. Series A runs $15-25M. Series B hits $40-80M. That's 30% higher than SF for digital health but comparable for biotech.
The city has every major hospital system within 20 miles. NYU Langone, Mount Sinai, NewYork-Presbyterian, Northwell. If you're building clinical tools, you'll run pilots in Manhattan. Investors expect this and won't fund healthcare software without hospital partnerships.
New York investors understand payer economics better than anyone. They know CMS reimbursement codes, value-based care contracts, and Medicare Advantage. The "we'll figure out reimbursement later" pitch dies immediately. Show your revenue model or don't pitch.
Competition is less brutal than consumer but more technical than SaaS. You're pitching against companies with FDA clearances or published clinical studies. The bar is clinical evidence, not just revenue growth. Most funds see 1,200+ healthtech decks per year and invest in 2-4.
Late-stage capital exists but requires outcomes data. Oak HC/FT and General Catalyst write $50-150M checks, but only after you've proven clinical efficacy. Plan 18-24 months of pilots before Series B.
Local presence: Manhattan-based investors can intro you to chief medical officers at Mount Sinai or innovation leads at NYU Langone. These relationships cut pilot timelines from 12 months to 4 months. Remote investors can't navigate hospital procurement processes. NYC healthtech VCs know which health system executives actually make buying decisions vs who just attend innovation meetings.
Portfolio companies: Check if they've backed clinical tools vs consumer health vs healthcare infrastructure. Some funds only do B2B software for providers. Others won't touch anything requiring FDA approval. Review their last 12 deals, not their marketing site. If every portfolio company is a pharmacy benefits manager or claims platform, your mental health app won't fit their thesis.
Check sizes: Seed rounds run $4-7M. Series A is $15-25M. Series B hits $40-80M. New York healthtech investors write larger checks than general SaaS funds because clinical validation costs more. About 50% of NYC healthcare funds can lead rounds over $20M. Know who has deep pockets for clinical trials vs who taps out at Series A.
Local network: New York investors connect you to health system innovation teams, CMS regulatory experts, or hospital CFOs who control budgets. They'll intro you to Cigna, Aetna, or UnitedHealthcare if your model affects medical spend. Share your deck through Ellty trackable links. You'll see which clinical evidence slides get reviewed vs which business model sections get skipped.
Follow-on capacity: Most NYC healthtech funds have $150-500M under management. They'll fund seed through Series B, then need crossover investors like Fidelity or T. Rowe Price for growth rounds. Ask about follow-on reserves upfront. Healthcare companies need more capital than SaaS because clinical validation burns cash without generating revenue. Lead capture tools help NYC founders prove that content interest actually converts into real investor conversations or customer demand.
Research local deals: Follow HLTH conference announcements and Rock Health's quarterly reports. They track 85% of meaningful digital health rounds. MedCity News covers hospital partnerships that signal investor interest. Fierce Healthcare reports on regulatory approvals that often precede funding rounds. Password-protecting PPT files is still one of the simplest ways founders can control who actually views their materials in New York’s fast-moving ecosystem.
Leverage local ecosystem: StartUp Health and Blueprint Health run healthtech accelerators in Manhattan. NYU Langone Innovation Center and Mount Sinai's BioDesign program connect founders to clinical partners. Join HealthTech Capital's founder network. These programs have direct pipelines to Oak HC/FT, Thrive, and General Catalyst.
Build relationships first: New York healthtech investors want clinical pilots before first meetings. Don't pitch with just a prototype. Get 2-3 hospital systems testing your product or published pilot results. The market expects clinical validation. Schedule intro calls after you have hospital MOUs signed.
Share your pitch deck: Upload to Ellty and create unique links for each fund. You'll see which investors spend time on your clinical outcomes data vs your revenue projections. NYC healthcare VCs care more about patient outcomes and reimbursement strategy than West Coast investors who focus on user growth. Track who's reviewing regulatory pathway vs who's skipping to team credentials.
Attend local events: HLTH in October and Health 2.0 in September pull every healthcare investor to major cities. JP Morgan Healthcare Conference in January is where late-stage deals happen. Digital Health NYC meetups happen monthly in Manhattan with 300+ attendees. That's where Rock Health and Oak HC/FT scout new companies.
Connect with portfolio founders: Message CEOs from your target fund's last 8 investments. Ask about clinical diligence requirements and decision timelines. Most respond within a week. New York healthtech founders are helpful because they know how hard hospital sales are and want the ecosystem to succeed.
Organize due diligence: Set up an Ellty data room before first meetings. Include your clinical study results, FDA regulatory strategy, reimbursement analysis, and hospital partnership agreements. New York healthtech investors will ask for IRB approvals, patient outcome data, and health economics models in first conversations. Have this ready or you'll lose 3 months gathering documents.
Understand local pace: Healthcare rounds close slower than SaaS in NYC. Twelve weeks from first meeting to term sheet is normal even with strong clinical data. You'll present to clinical advisors and healthcare operators in addition to investment partners. Budget 5-6 months start to finish. Investors need time for clinical diligence that doesn't exist in other sectors.
New York healthtech investors require hospital partnerships before Series A. Seed rounds can close with pilot commitments, but Series A needs signed contracts with 3-5 health systems. That's stricter than SF where Letters of Intent work. Prove hospital buyers will actually pay.
Most NYC healthcare funds prefer B2B models over direct-to-consumer. If you're building consumer health apps without employer or payer contracts, expect skepticism. Enterprise motion with health system or insurance company revenue gets funded faster. Mental health and chronic disease management are exceptions where DTC works.
Expect deeper clinical diligence than other markets. New York investors have MDs and former hospital executives on staff. They'll review your clinical protocols, patient safety measures, and outcomes methodology. Budget 6-8 weeks for clinical review even after business terms are agreed. This doesn't happen in SF enterprise software deals.
They manage $4B focused exclusively on healthcare and fintech with best track record in value-based care.
They backed Oscar Health early and invest $10-50M in healthcare technology at growth stages.
They invest $2-15M in healthcare IT and digital health with strong east coast hospital network.
They backed Flatiron Health early and invest across healthtech with enterprise software lens.
They invest $20-100M in growth-stage healthcare software and health IT platforms.
They invest $5-25M in data-driven healthcare companies with quantitative focus.
They invest in healthcare infrastructure and social determinants of health platforms.
They invest in frontier tech including CRISPR diagnostics and synthetic biology with $2-20M checks.
They backed Zocdoc early and invest $3-10M in digital health and healthcare IT.
They led Livongo early and invest $5-50M across digital health and care delivery models.
They run the top digital health accelerator and invest $100K-500K at pre-seed and seed.
They backed Oscar Health at Series A and invest $10-50M in healthcare technology and biotech.
They invest exclusively in healthcare services and care delivery with $10-40M checks.
They invest $5-25M in healthcare IT infrastructure and interoperability platforms.
They invest $15-40M in digital health and medtech at Series B and later stages.
They invest $10-50M in life sciences and healthcare with biotech expertise.
They invest in breakthrough biotech and medical technology with $20-100M checks.
They backed Foundation Medicine early and invest $10-40M in healthtech and life sciences.
These 18 investors closed NYC healthcare deals in 2025-2026. Before you start pitching Manhattan funds, organize your clinical data. You'll need hospital partnerships and outcomes evidence before getting meetings.
Upload your deck to Ellty and create a unique link for each New York investor. You'll see exactly which slides they review and how long they spend on your clinical validation data. NYC healthtech VCs focus heavily on patient outcomes, reimbursement strategy, and regulatory pathway. Track who's spending time on clinical results vs who's reviewing business model.
When New York investors request due diligence materials, share an Ellty data room instead of email chains. Your IRB approvals, clinical study results, hospital partnership agreements, and FDA regulatory strategy in one secure place with view analytics. You'll know which partners are conducting serious clinical review vs which ones passed after initial screening.
Do I need to be based in New York to raise from NYC healthtech investors?
No, but expect to have New York hospital partnerships before Series A. NYC healthcare funds invest 40% locally and 60% elsewhere. Remote founders need clinical pilots at NYU Langone, Mount Sinai, or Columbia before first meetings. Location matters less than hospital relationships.
How does New York compare to Boston for healthtech fundraising?
New York has more digital health capital ($4.7B vs Boston's $3.9B in 2025) but Boston has deeper biotech expertise. Boston investors understand drug development and FDA pathways better. NYC investors know payer economics and health system operations better. Choose Boston for therapeutics or medical devices, NYC for digital health or healthcare IT.
What's the average Series A size in New York for healthtech?
$18M for digital health vs $25M for medtech. Expect 1-2 lead investors at $10-15M each, plus existing angels. Series B runs $45-70M. That's 40% higher than consumer tech because clinical validation costs more and takes longer.
Should I raise locally or go straight to NYC?
Start in New York if you're running pilots at Manhattan hospitals or selling to Northeast payers. Don't cold pitch NYC funds from Phoenix with just a prototype. Get clinical validation at 2-3 hospitals first. Then target 15-20 NYC funds plus a few Boston healthcare specialists like Polaris or Transformation Capital.
Do New York healthtech investors expect in-person meetings?
Yes for clinical diligence. First meetings can be Zoom, but clinical review meetings with their MD advisors happen in person. Budget 3-4 trips to Manhattan before closing. Expect to present to clinical advisors, not just investment partners. This is unique to healthcare.
What healthtech categories get funded most in New York?
Digital health platforms lead with 35% of deals in 2025. Healthcare IT infrastructure second at 22%. Behavioral health third at 16%. Value-based care models fourth at 14%. Diagnostics and remote monitoring fifth at 13%. Pure therapeutics rarely get funded by NYC VCs - they go to Boston biotech specialists.
How important is FDA approval for NYC healthtech investors?
Depends on your category. Software as Medical Device needs clear regulatory pathway but doesn't need approval before Series A. Clinical decision support tools that don't diagnose can avoid FDA entirely. Diagnostics need at least breakthrough device designation before Series B. Therapeutics aren't funded in NYC - go to Boston.