Funding in NYC was down 52% from September level as funding approached $500M for the month in NYC. September was a stellar month for NYC funding; hot off the summer lull so a pullback to normalcy was to be expected. Nationally funding was down 36% percent as well. Early stage funding actually increased both nationally and in NYC and the decrease is largely attributable to a reduction in the number of latter stage deals.
For your tweeting convenience:
$471M was invested in angel and venture financing for #startups in October in NYC across 40 deals Tweet this
$3B was invested in angel and venture financing for #startups in October in the US across 303 deals Tweet this
15.51% of startup funding nationally went to startups in NYC in October Tweet this