Today, I take a look at the state of venture capital and angel funding during the month of May, 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+). To focus on tech-enabled startups, biotechnology companies were excluded from the data set.
One Minute Takeaway
Funding was extremely strong for NYC startups during the month of May, posting a 67% increase in funding from April levels as total funding for the month exceeded $916M. Late stage funding drove the increase with impressive rounds for Peloton, Kobalt, Spring among others. As a result NYC accounted for over 25% of late stage funding nationally. Nationally, funding was up close to 8% overall with increases across all stages with the exception of the late stage where funding was down slightly. Series A rounds nationally surged as a result of the unusually large financing for Outcome Health.
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For your tweeting convenience:
Average Angel/Seed round in NYC for May was $2.1M Tweet this
$40.2M was invested across early stages rounds in NYC in May Tweet this
Average Angel/Seed round in the US for May was $2.2M Tweet this
$206M was invested across early stages rounds in the US in May Tweet this
19.5% of early stage funding nationally went to startups in NYC in May Tweet this
For your tweeting convenience:
Average Series A round in NYC for May was $7.5M Tweet this
$59.75M was invested across Series A rounds in NYC in May Tweet this
Average Series A round in the US for May was $16.8M Tweet this
$1.2B was invested across Series A rounds in the US in May Tweet this
4.82% of Series A funding nationally went to startups in NYC in May Tweet this
For your tweeting convenience:
Average Series B round in NYC for May was $15.1M Tweet this
$136M was invested across Series B rounds in NYC in May Tweet this
Average Series B round in the US for May was $17.5M Tweet this
$999M was invested across Series B rounds in the US in May Tweet this
13.62% of Series B funding nationally went to startups in NYC in May Tweet this
For your tweeting convenience:
Average Series C+ round in NYC for May was $67.8M Tweet this
$678M was invested across Series C+ rounds in NYC in May Tweet this
Average Series C+ round in the US for May was $41.4M Tweet this
$2.7B was invested across Series C+ rounds in the US in May Tweet this
25.16% of Series C+ funding nationally went to startups in NYC in May Tweet this
For your tweeting convenience:
$916M was invested in angel and venture financing for #startups in May in NYC across 47 deals Tweet this
$5.3B was invested in angel and venture financing for #startups in May in the US across 334 deals Tweet this
17.25% of startup funding nationally went to startups in NYC in May Tweet this
