Today, I take a look at the state of venture capital and angel funding during the month of May, 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 (Seed, Series A, Series B, and Series C+) including mention of notable rounds.
One Minute Takeaway:
May funding for NYC startups increased slightly from April levels with NYC startup funding nominal up 4.83%, down over 35% from Ma7 2017 levels. Similar to April, funding in NYC was particularly weak at the late stages with only one notable late-stage deal – Zola. Series A and Series B deals in NYC in May were quite strong compared to historical averages. Nationally, funding was up from over 23% from April levels as well as up nearly 11% from May 2017 levels. Late-stage funding was very strong nationally, fueled by the 15 Largest US Startup Funding Rounds of May 2018.
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