Series B activity in New York in 2017 was very weak with a 31% decrease in funding from 2016 levels. 2016 marked a drop from 2015 but not as sharply. The number of deals also fell 24% while median deal size did increase slightly. In fact Series B aggregate funding ($1.03B) fell below Series A ($1.13B) levels for 2017.
For your tweeting convenience:
NYC Startups raised $1.1B in Series B funding in 2017, down 31% from 2016! Click to tweet
The median Series B round in NYC in 2017 was $15.75M Click to tweet
Median NYC #startup Series B deal size increased 5% in 2017 Click to tweet
The number of NYC #startup Series B deals fell 24% in 2017 Click to tweet
Total funding for NYC Series A startups in 2017 was greater than for Series B Click to tweet
2017: NYC Top 5 Series B Investments
Now we take a look at the NYC Startup Series B fundings that were the largest for the year. These five rounds represent 18% of total Series B fundings in New York on a dollar basis.
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