Today, I take a look at the state of venture capital and angel funding during the all of May, both in New York and nationally. Analyzing some data from our friends at CrunchBase, I break down the national aggregate statistics for all funding deals by stage of funding (Angel/Seed, Series A, Series B, and Series C+, as well as non-specified venture rounds <$10M).
In New York, it was a very robust month for NYC startup funding, as the aggregate funding for the month approached $800M. This figure is largely affected by two funding rounds in the transportation sector that comprised more than half the total – Gett and Via. Both of these rounds and the growth in funding is attributable to later stage rounds (Series C+). Following a slow April, for Series A activity, May did not prove better with only a total of 6 announced fundings.
Nationally, it was also a very active month with aggregate funding approaching $6.5B, which is the largest we have seen over the last 12 months. Similar to NYC, the driver for growth in national funding was the latter stages rounds, where founding more than doubled to approach $5B. Of note, is the Snapchat funding totaling $1.8B, which comprises >25% of the total.