Finally, some late-stage activity returns to the New York market with over $1.2B in new funding, up 106% MOM.
Today, I take a look at the state of venture capital and early-stage funding for August 2023 in New York. Analyzing some publicly available data from our friends at CrunchBase, we break down the aggregate statistics for all funding deals by stage of funding (Early-stage [Pre-Seed, Seed], Series A, Series B, and Late Stage [Series C+]) including mention of notable rounds. In order to maintain a focus on tech-enabled startups, this analysis does not include rounds for biotech, real estate, lending startups as well as debt financings.
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
The average Seed round in NYC for August was $2.8M Tweet This
The median Seed round in NYC for August was $2.5M Tweet This
$113.4M was invested across early stages rounds in NYC in August Tweet This
1.5% of early-stage funding nationally went to startups in NYC in August Tweet This
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in front of, lead generation from, and developing thought leadership within our audience of key decision-makers in the New York business community and beyond. Find out more here.
The average Series A round in NYC for August was $13.3M Tweet This
The median Series A round in NYC for August was $10.0M Tweet This
$173.0M was invested across Series A rounds in NYC in August Tweet This
2.2% of Series A funding nationally went to startups in NYC in August Tweet This
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
The average Series B round in NYC for August was $26.8M Tweet This
The median Series B round in NYC for August was $16.8M Tweet This
$107.2M was invested across Series B rounds in NYC in August Tweet This
1.4% of Series B funding nationally went to startups in NYC in August Tweet This
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in front of, lead generation from, and developing thought leadership within our audience of key decision-makers in the New York business community and beyond. Find out more here.
The average late-stage round in NYC for August was $152.4M Tweet This
The median late-stage round in NYC for August was $124.0M Tweet This
$762.0M was invested across late-stage rounds in NYC in August Tweet This
9.9% of late-stage funding nationally went to startups in NYC in August Tweet This
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
$1.2B was invested in NYC #startups in August in NYC across 62 deals Tweet This
15.0% of startup funding nationally went to startups in NYC in August Tweet This
NYC VC funding in August was +106.3% from last month and -50.6% from the same period last year Tweet This
