NYC’s summer slowdown arrived on schedule in August — 34 rounds, $837.9M, the lightest deal month of 2026. But the bigger number is $19.09B: what NYC startups have raised through the first eight months of the year, already past the full-year 2025 total of $19.01B with four months still to go. Average deal size climbed 26% year over year to $24.6M. The calendar compressed. The city did not.