• Apply To Contribute To AlleyWatch
    • Write for AlleyWatch
  • Tell Us About Your Startup
  • Email Signup
  • Advertise on AlleyWatch
AlleyWatch
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
AlleyWatch
No Result
View All Result
Home AlleyTalk #NYCTech

August 2018 Will Go Down as the Single Greatest Month for NYC Startup Funding Crossing the $2B Mark

Reza Chowdhury by Reza Chowdhury
August 2018 Will Go Down as the Single Greatest Month for NYC Startup Funding Crossing the $2B Mark
Share on FacebookShare on Twitter

While summer venture activity is typically slow in the city and globally, this month is an anomaly. NYC Startup founders have managed to lure investors away from the beaches of New England, the South of France, and the East End to drive massive investment into the NYC tech ecosystem. From August 1st to the 22nd, NYC startups have collectively raised in excess of $2B, which makes August the highest monthly total for NYC startup funding EVER! I’ve tracked monthly activity since the founding of AlleyWatch in 2012 and this is an unprecedented level of activity across a breadth of verticals.  For reference, total startup funding for NYC startups was $600M in 2017 and $382M in 2016 for the month of August.   NYC has even managed to edge out our friends in the Bay Area where total startup funding is at $1.89B for the month through the 22nd.

In NYC, there has not been a single mega deal but several $50M-$550M deals that contributed to a large portion of the total.  These figures also do not include unreported rounds, which accounts for another ~$50M as well as WeWork’s latest round ($1B) as real estate and debt deals are excluded from our tracking.

Below a quick look at some of the notable NYC Startup fundings for the first 22 days of the month. As always, we’ll have our full report for the months’ activity in NYC in early September.

Company Round Amount Year Founded
Peloton Series F $550M 2012
Letgo Series E $500M 2015
Oscar Health Venture $375M 2012
Boxed Series D $111M 2013
Latch Series B $70M 2014
Namely Series E $60M 2012
Capsule Series B $50M 2016
Axoni Series B $32M 2013
Dynamic Yield Series D $32M 2011
Tags: AxoniBoxedCapsuleDynamic YieldLatchletgonamelyPeloton
Previous Post

This NYC Startup Just Raised $2M for its AI Platform That Determines Which Colleges are Best Suited for Students

Next Post

6 Steps to High Performance: Start Your Own Business

Next Post
6 Steps to High Performance: Start Your Own Business

6 Steps to High Performance: Start Your Own Business

ABOUT ALLEYWATCH

ABOUT US
ADVERTISE
EDITORIAL GUIDELINES
LEGAL
PRIVACY
TERMS OF USE

CONTACT

CONTACT US
ADVERTISE
TIPS
WRITE FOR US

CHANNELS

NYC VC
NYC TECH EVENTS
NYC TECH NEWS
NYC STARTUPS
NYC COWORKING
TECH DIRECTORY

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

No Result
View All Result
  • Home
  • Startups
  • Funding
  • AlleyTalk

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

You are seconds away from signing up for the hottest list in New York Tech!

Join the millions and keep up with the stories shaping entrepreneurship. Sign up today.

Close this popup