Late stage funding was down slightly in New York from 2016 levels. The number of deals fell at a larger rate ~17%. Despite that drop, funding was not largely affected due to the increase in both average and median seal size in 2017 for the latter stages.
For your tweeting convenience:
NYC Startups raised $1.1B in Series C+ funding in 2017, down slightly from 2016 Click to tweet
The median Series C+ round in NYC in 2017 was $30M Click to tweet
Median NYC #startup Series C+ deal size increased 20% in 2017! Click to tweet
The number of NYC #startup Series C+ deals fell 17% in 2017 Click to tweet
2017: NYC Top 5 Series C+ Investments
Now we take a look at the NYC Startup Series C+ fundings that were the largest for the year. These top 5 deals comprised 34% of the total late stage funding in New York while only representing 7% of the deals.
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