Today we take a look at the state of venture capital and angel funding during the all of October, 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+).
CLICK HERE TO SEE ALL THE OCTOBER FUNDING DATA
Early Stage Financing Key Takeaways:
The number of early stage deals in New York increased a robust 50% from September levels. The 23 October NYC seed and angel deals is the highest recorded in 2014. Investor optimism in NYC startups seems to have returned for the month of October in the earliest stages of financings. There was also a slight 12% increase in average deal size in the city. Nationally, things remained consistent with historical averages.
For your tweeting convenience:
Average Angel/Seed round in NYC for October was $1.54M Tweet this
$35.4M was invested across early stages rounds in NYC in October Tweet this
Average Angel/Seed round in the US for October was $1.37M Tweet this
$180M was invested across early stages rounds in the US in October Tweet this
The number of early stage deals in New York increased a robust 50% from September levels Tweet this
The 23 October NYC seed and angel deals is the highest recorded in 2014 Tweet this
Series A Key Takeaways:
Series A rounds did not share the same fate of the early stage rounds. The average Series A round fell significantly both nationally (-31%) and in NYC (-14%) from September levels in October after increasing steadily over the year. It will be interesting to monitor if valuations will begin to get more conservative as cash is being invested more frugally across A rounds.
For your tweeting convenience:
Average Series A round in NYC for October was $5.4M Tweet this
Average Series A round fell 14% in NYC in October Tweet this
$49M was invested across Series A rounds in NYC in October Tweet this
Average Series A round in the US for October was $6.8M Tweet this
Average Series A round fell 31% nationally in October Tweet this
$565M was invested across Series A rounds in the US in October Tweet this
The average Series A round fell significantly both nationally and in NYC from September levels in October after increasing steadily over the year Tweet this
Series B Key Takeaways:
NYC Series B fundings continued its decline in October as average deal size fell 20% after falling 27% in September. Nationally, the number of deals dropped sharply (25%) from September levels while average deal size remained steady. It is important to note that one financing was excluded from the analysis as it was a $180M “Series B” round by a company that had raised a $105M “Series A”. Is this a sign that later stage valuations and financings are going to get more prudent?
For your tweeting convenience:
Average Series B round in NYC for October was $9.1M, down 20% Tweet this
$36.25M was invested across Series B rounds in NYC in October Tweet this
Average Series B round in the US for October was $18.95M Tweet this
$701M was invested across Series B rounds in the US in October Tweet this
Late stage Key Takeaways:
Later stage financings in New York fell sharply in October, down over 60% from September levels. Nationally, the later stage financings were nearly identically to September levels in terms of both number and amount.
For your tweeting convenience:
Average Series C+ round in NYC for October was $19M, down 60% Tweet this
$76M was invested across Series C+ rounds in NYC in October Tweet this
Average Series C+ round in the US for October was $31.7M Tweet this
$1.46B was invested across Series C+ rounds in the US in October Tweet this
Aggregate Key Takeaways:
Another $400M+ was pumped into the NYC startup ecosystem in October, increasing 7% from September levels. However, it is important to note, that one aberrant financing accounted for nearly 50% of this amount. Despite this, NYC is en route to another $1B+ quarter after the first month. At a national level, there was a 17% in funding over the previous month’s levels.
For your tweeting convenience:
$414M was invested in angel and venture financing for #startups in October in NYC across 50 deals Tweet this
NYC Tech financing is on pace for another $1B+ quarter Tweet this
$4.8B was invested in angel and venture financing for #startups in October in the US across 427 deals Tweet this
