Founded by Kevin Ryan in 2007, AlleyCorp originates ideas, forms founding teams, funds initial stages, launches and maintains integral leadership throughout the company's lifecycle. They have launched companies such as MongoDB, Business Insider, Gilt Groupe, Zola, Nomad Health, Workframe, and CoEdition. AlleyCorp invests in very early stage companies, usually as the first seed investor, and supports first-time founders. They invest in seed-stage, early-stage, and later-stage companies operating in healthcare services and software sectors across New York. AlleyCorp has collectively raised over $2B in venture capital and employs thousands of people in New York City and beyond.