Today, I take a look at the state of venture capital and angel funding during the all of July, 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, and Series C+, and venture rounds that were not specified).
Quick Takeaways:
Funding was rather sluggish in NYC during the month of July with just under $400M in announced funding with a relatively low deal count of 27. Funding nationally was down as well but not with such a drastic change. The effects of a summer slowdown really hit across all rounds and the saving grace for NYC was one mega late stage round that accounted for over 25% of the month’s funding.
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Early Stage Funding Quick Takeaways:
Only 7 seed stage deals were announced during July for NYC startups and the aggregate amount of funding for these deals fell nearly 50% from the previous month. Average deal size though increased to $2.5M. On the national side of things, the number of deals and total amounts actually both increased with a 22% uptick in the number of deals and a 37% increase in aggregate funding for early stage rounds.
For your tweeting convenience:
Average Angel/Seed round in NYC for July was $2.4M Tweet this
$17.1M was invested across early stages rounds in NYC in July Tweet this
Average Angel/Seed round in the US for July was $1.8M Tweet this
$211M was invested across early stages rounds in the US in July Tweet this
8.13% of early stage funding nationally went to startups in NYC in July Tweet this
Series A Quick Takeaways:
Series A took a hard hit in NYC during the month of June where the number of deals and aggregate amount both feel over 60%. Average deal size also decreased to $7.8M. Nationally, the number of deals fell as well but the total amount increased ~5% causing the average deal size to hit $11.8M.
For your tweeting convenience:
Average Series A round in NYC for July was $7.8M Tweet this
$23.4M was invested across Series A rounds in NYC in July Tweet this
Average Series A round in the US for July was $11.8M Tweet this
$707M was invested across Series A rounds in the US in July Tweet this
3.31% of Series A funding nationally went to startups in NYC in July Tweet this
Series B Quick Takeaways:
The NYC Series B market was also hit very hard in July following an exceptional June. Number of deals and aggregate funding both fell over 70% from June levels. The Series B market also slowed nationally but less drastically with aggregate capital decreasing 28% from June levels.
For your tweeting convenience:
Average Series B round in NYC for July was $16.5M Tweet this
$66M was invested across Series B rounds in NYC in July Tweet this
Average Series B round in the US for July was $17.5M Tweet this
$700M was invested across Series B rounds in the US in July Tweet this
9.42% of Series B funding nationally went to startups in NYC in July Tweet this
Late stage Funding Quick Takeaways:
Late stage funding in NYC was quite healthy with one mega round by Sprinklr contributing to the mix. Aggregate funding was up close to 50% from June levels, which were quite meager.
For your tweeting convenience:
Average Series C+ round in NYC for July was $37.9M Tweet this
$265M was invested across Series C+ rounds in NYC in July Tweet this
Average Series C+ round in the US for July was $37M Tweet this
$1.4B was invested across Series C+ rounds in the US in July Tweet this
18.31% of Series C+ funding nationally went to startups in NYC in July Tweet this
Aggregate Funding Quick Takeaways:
Funding in NYC was down 35% from June levels and the number of deals fell quite drastically. Nationally, the number of deals also fell but only 17%. Aggregate funding fell 24% from June levels for the national market.
For your tweeting convenience:
$393M was invested in angel and venture financing for #startups in July in NYC across 27 deals Tweet this
$3.3B was invested in angel and venture financing for #startups in July in the US across 375 deals Tweet this
11.76% of startup funding nationally went to startups in NYC in July Tweet this