Today, I take a look at the state of venture capital and angel funding during the month of July, 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). To keep the focus on tech-enabled startups, real estate companies and biotech companies were excluded.
One Minute Takeaway
As expected it was a rather weak month for funding in NYC with total funding with slightly under $500M announced in NYC alone. This obviously does not include WeWork’s $700M round. Funding similarly was down 37% from June levels nationally. It’s notable that New York counted for a large share of late stage fundings. Healthy rounds ($50M+) for Artsy, Betterment, and Vroom were the primary drivers for this. As a result NYC accounted for nearly 20% of late stage funding nationally. Seed, Series A, Series B, and Series C+ rounds were all down at aggregate levels across the board both nationally and in New York.
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For your tweeting convenience:
Average Angel/Seed round in NYC for July was $1.9M Tweet this
$15.4M was invested across early stages rounds in NYC in July Tweet this
Average Angel/Seed round in the US for July was $1.7M Tweet this
$138M was invested across early stages rounds in the US in July Tweet this
11.14% of early stage funding nationally went to startups in NYC in July Tweet this
For your tweeting convenience:
Average Series A round in NYC for July was $6.9M Tweet this
$41.6M was invested across Series A rounds in NYC in July Tweet this
Average Series A round in the US for July was $8.4M Tweet this
$519M was invested across Series A rounds in the US in July Tweet this
8.02% of Series A funding nationally went to startups in NYC in July Tweet this
For your tweeting convenience:
Average Series B round in NYC for July was $10.25M Tweet this
$41M was invested across Series B rounds in NYC in July Tweet this
Average Series B round in the US for July was $27.4M Tweet this
$1.1B was invested across Series B rounds in the US in July Tweet this
3.65% of Series B funding nationally went to startups in NYC in July Tweet this
For your tweeting convenience:
Average Series C+ round in NYC for July was $33.7M Tweet this
$371M was invested across Series C+ rounds in NYC in July Tweet this
Average Series C+ round in the US for July was $33.8M Tweet this
$1.9B was invested across Series C+ rounds in the US in July Tweet this
19.59% of Series C+ funding nationally went to startups in NYC in July Tweet this
For your tweeting convenience:
$481M was invested in angel and venture financing for #startups in July in NYC across 43 deals Tweet this
$3.8B was invested in angel and venture financing for #startups in July in the US across 275 deals Tweet this
12.72% of startup funding nationally went to startups in NYC in July Tweet this
