Today, I take a look at the state of venture capital and angel funding during the month of November in New York. Analyzing some publicly available data from our friends at CrunchBase, we break down the aggregate statistics for all funding deals by stage of funding (Seed, Series A, Series B, and Series C+) including mention of notable rounds. This analysis does not include debt financings.
30 Second Takeaway:
Coming off weakness in October, startup funding was abysmal in November, posting the lowest recorded total for 2018 with less than $300M being injected into startups. Weakness was seen across all stages with particular drops at the late stages and Series A levels with activity very sparse and no mega deals to speak of. Funding was down over 50% for November at an aggregate level with seed activity down 44%, Series A down 63%, and late-stage funding down 54% from October levels. Aggregate funding was down 64% from November 2017 levels as well. The national market remained strong and New York’s share of national funding dropped to even further historical low levels with the city only accounting for less than 5% of all national funding, after only accounting for 7% in October.
USE THE ARROWS BELOW TO NAVIGATE THE FULL REPORT
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