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Empire State Development

Empire State Development

New York City, New Yorkny.gov

Overview

Empire State Development is New York's chief economic development agency, which promotes business investment and growth through loans, grants, tax credits, and direct venture capital investments via its New York Ventures arm.

Year Founded

1995

Portfolio Companies

92

Website

ny.gov

Investments

Empire State Development investments
CompanyDateStageLead
ModovoloMay 2026AcceleratorCo-investor
Modendo Inc.Mar 2026AcceleratorCo-investor
Excelsior SciencesDec 2025GrantCo-investor
NatrionDec 2025GrantCo-investor
Nionyx BioSep 2025SeedCo-investor

Key People

Buddy Lewinski

Principal Account Clerk

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersNew York City, New York
Year Founded1995

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