Today, I take a look at the state of venture capital and angel funding during the month of February, 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).
It was a very slow month in February for venture funding in NYC with only $207M raised as February tends to be slow. Early stage rounds in the city were strong but there was not a single funding for a Series C or later round during the entire month. This has not happened before in the 2+ years I have been producing this report. NYC was particularly strong at the Series A level comprising over 17% of funding nationally. Funding was also down nationally but not in proportion to the reduction witnessed in NYC.
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