Today, I take a look at the state of venture capital and angel funding during the month of June, 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
Another strong month in NYC for startup funding with total funding with over $700M in funding announced in NYC alone. Notable late stage fundings for Casper, Freshly, ClassPass, and Cadre nearly drove over half of the total funding for the month in the city. As a result NYC accounted for over 25% of late stage funding nationally. Series A funding was quite strong in NYC, up over 46% with strong rounds for Bowery Farming and Trilogy Education driving the growth. Series B funding was particularly weak for the month in NYC; down over 60% month over month with only 3 announced deals. Early stage financing was also weak; down 37% for the month from May levels. Nationally, funding was up over 13% and in excess of $6B overall with increases across all stages with the exception of the Series A level where funding reverted back to normal levels recovering from the inflated levels in May from the unusually large financing for Outcome Health.
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ON TO THE REPORT
NYC Seed/Angel
For your tweeting convenience:
Average Angel/Seed round in NYC for June was $1.6M Tweet this
$25.52M was invested across early stages rounds in NYC in June Tweet this
Average Angel/Seed round in the US for June was $2.2M Tweet this
$219M was invested across early stages rounds in the US in June Tweet this
11.64% of early stage funding nationally went to startups in NYC in June Tweet this
NYC Series A
For your tweeting convenience:
Average Series A round in NYC for June was $12.5M Tweet this
$87.6M was invested across Series A rounds in NYC in June Tweet this
Average Series A round in the US for June was $10M Tweet this
$874M was invested across Series A rounds in the US in June Tweet this
10.03% of Series A funding nationally went to startups in NYC in June Tweet this
NYC Series B
For your tweeting convenience:
Average Series B round in NYC for June was $16.9M Tweet this
$50.5M was invested across Series B rounds in NYC in June Tweet this
Average Series B round in the US for June was $27M Tweet this
$1.2B was invested across Series B rounds in the US in June Tweet this
4.16% of Series B funding nationally went to startups in NYC in June Tweet this
NYC Series C+
For your tweeting convenience:
Average Series C+ round in NYC for June was $62.25M Tweet this
$498M was invested across Series C+ rounds in NYC in June Tweet this
Average Series C+ round in the US for June was $44M Tweet this
$3.3B was invested across Series C+ rounds in the US in June Tweet this
15.25% of Series C+ funding nationally went to startups in NYC in June Tweet this
NYC Aggregate Startup Funding June 2017
For your tweeting convenience:
$707M was invested in angel and venture financing for #startups in June in NYC across 42 deals Tweet this
$6B was invested in angel and venture financing for #startups in June in the US across 370 deals Tweet this
11.78% of startup funding nationally went to startups in NYC in June Tweet this
