Today, I take a look at the state of venture capital and angel funding during the all of April, 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, Series C+, as well as non specified venture rounds less than $10M).
The month of April was rather lackluster as compared to recent activity with only slightly over $300M being reported in funding for NYC startups. The funding trailed off in the later stage rounds as there were only two financings classified as Series C+ for the month in NYC. This contraction was not reflected in the national markets where later stage activity remained consistent with recent trends. In the earlier stages, NYC startups took in over 20% of funding nationally following a strong March. April figures also show that Series B round sizes were significantly larger both nationally and in the city.
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