Series B Key Takeaways:

NYC Series B fundings continued its decline in October as average deal size fell 20% after falling 27% in September.  Nationally, the number of deals dropped sharply (25%) from September levels while average deal size remained steady. It is important to note that one financing was excluded from the analysis as it was a $180M “Series B” round by a company that had raised a $105M “Series A”.  Is this a sign that later stage valuations and financings are going to get more prudent?

For your tweeting convenience:

Average Series B round in NYC for October was $9.1M, down 20% Tweet this
$36.25M was invested across Series B rounds in NYC in October Tweet this
Average Series B round in the US for October was $18.95M Tweet this
$701M was invested across Series B rounds in the US in October Tweet this