Today, I take a look at the state of venture capital and angel funding during the month of July, 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). To keep the focus on tech-enabled startups, real estate companies and biotech companies were excluded.
One Minute Takeaway
As expected it was a rather weak month for funding in NYC with total funding with slightly under $500M announced in NYC alone. This obviously does not include WeWork’s $700M round. Funding similarly was down 37% from June levels nationally. It’s notable that New York counted for a large share of late stage fundings. Healthy rounds ($50M+) for Artsy, Betterment, and Vroom were the primary drivers for this. As a result NYC accounted for nearly 20% of late stage funding nationally. Seed, Series A, Series B, and Series C+ rounds were all down at aggregate levels across the board both nationally and in New York.
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