Today, I take a look at the state of venture capital and angel funding during the month of December, 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+, as well as venture unspecified rounds less than $10M).
A rather slow, holiday-shortened month, as to be expected, with New York posting $384M in reported funding, down from November levels, while nationally funding did not echo the slowdown in NYC and exceeded $4.2B; up 25% from November levels. The national increases were largely influenced by late stage rounds (Series C+) which were up over 25% and Series B rounds which were up over 135% nationally. November was a very slow month for Series B funding in NYC and December provided some recovery with over $100M in reported funding while there was a doubling in the number of transactions. New York’s late stage funding was down significantly (~48%) from November levels with Rent The Runway’s last minute (announced December 27th) $60M round serving as the cornerstone/saving grace for the $166M in funding accumulated during the month.
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.