Today, I take a look at the state of venture capital and angel funding during the month of November, 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 (Seed, Series A, Series B, and Series C+, as well as venture unspecified rounds less than $10M).
ONE MINUTE TAKEAWAY:
Funding was very strong in New York for the month of November with total funding reaching $825M for the month, representing 25.1% of all US funding. Late stage and Series A funding was particularly strong. Of note for Series A rounds, there was an unusually large round that did skew the statistics up but even with exclusion of that round, the Series A landscape in New York was fertile, representing 26% of all national Series A funding. On the later stage rounds, New York came in at a whopping 36.45% of total US late stage rounds. There was not one or two particular rounds that led to this; it was across a number of healthy fundings for NYC startups. US funding was down sharply in November to $3.3B raised across rounds.
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