The December 2016 NYC Venture Capital and Angel Funding Report

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Today, I take a look at the state of venture capital and angel funding during the month of December, both in New York and nationally. Analyzing some publicly available data from our friends at CrunchBase, we 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 venture unspecified rounds less than $10M).




Quick Takeaways:  

A rather slow, holiday-shortened month, as to be expected, with New York posting $384M in reported funding, down from November levels, while nationally funding did not echo the slowdown in NYC and exceeded $4.2B; up 25% from November levels.  The national increases were largely influenced by late stage rounds (Series C+) which were up over 25% and Series B rounds which were up over 135% nationally.  November was a very slow month for Series B funding in NYC and December provided some recovery with over $100M in reported funding while there was a doubling in the number of transactions.  New York’s late stage funding was down significantly (~48%) from November levels with Rent The Runway’s last minute (announced December 27th) $60M round serving as the cornerstone/saving grace for the $166M in funding accumulated during the month.



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About the author: Reza Chowdhury

Reza Chowdhury is the CEO and Founder of AlleyWatch, the largest media property focused on the NYC tech and entrepreneurial ecosystem. He is also the Founder of New York Startup Lab, a software development firm with a specific focus on early stage companies. Previously, Reza was involved with several entrepreneurial ventures and began his career as securities trader on Wall Street. Recognized as a global thought leader, Reza has been named one of the 100 most influential people in NYC Tech by TechWeek on multiple occasions and is a NYC Venture Fellow, a world-class, year-long fellowship program designed to help high-potential entrepreneurs scale their ventures. Reza routinely speaks on the global startup ecosystem and is an advisor to advisor to SD Asia and Dublin Globe, two organizations that are fostering the growth of local entrepreneurial ecosystems.

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