Today, I take a look at the state of venture capital and angel funding during the month of February, 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).
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QUICK TAKEAWAYS:
It was a very slow month in February for venture funding in NYC with only $207M raised as February tends to be slow. Early stage rounds in the city were strong but there was not a single funding for a Series C or later round during the entire month. This has not happened before in the 2+ years I have been producing this report. NYC was particularly strong at the Series A level comprising over 17% of funding nationally. Funding was also down nationally but not in proportion to the reduction witnessed in NYC.
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For your tweeting convenience:
Average Angel/Seed round in NYC for February was $1.83M Tweet this
$21.9M was invested across early stages rounds in NYC in February Tweet this
Average Angel/Seed round in the US for February was $1.67M Tweet this
$138.35M was invested across early stages rounds in the US in February Tweet this
15.83% of early stage funding nationally went to startups in NYC in February Tweet this
For your tweeting convenience:
Average Series A round in NYC for February was $11.34M Tweet this
$90.7M was invested across Series A rounds in NYC in February Tweet this
Average Series A round in the US for February was $9.27M Tweet this
$519M was invested across Series A rounds in the US in February Tweet this
17.48% of Series A funding nationally went to startups in NYC in February Tweet this
For your tweeting convenience:
Average Series B round in NYC for February was $13.83M Tweet this
$83M was invested across Series B rounds in NYC in February Tweet this
Average Series B round in the US for February was $15.57M Tweet this
$622.71M was invested across Series B rounds in the US in February Tweet this
13.33% of Series B funding nationally went to startups in NYC in February Tweet this
For your tweeting convenience:
Average Series C+ round in NYC for February was $0M Tweet this
$0M was invested across Series C+ rounds in NYC in February Tweet this
Average Series C+ round in the US for February was $39.7M Tweet this
$1.75B was invested across Series C+ rounds in the US in February Tweet this
0% of Series C+ funding nationally went to startups in NYC in February Tweet this
For your tweeting convenience:
$207M was invested in angel and venture financing for #startups in February in NYC across 28 deals Tweet this
$3.18B was invested in angel and venture financing for #startups in February in the US across 263 deals Tweet this
6.5% of startup funding nationally went to startups in NYC in February Tweet this