NYC Startup Funding Overview

November 2025

NYC startup funding reached $1.50B across 52 deals in November 2025. The city captured 11.6% of classified US startup funding, with particular strength in Early-Stage funding where NYC represented 22.6% of the national total.

The city remains a powerhouse for launching new ventures, capturing nearly a quarter of all US Early-Stage funding.

The month showed modest sequential growth of 4.8% from October’s $1.43B, driven largely by four Late-Stage deals totaling $800M. However, the year-over-year decline of 6.4% from November 2024’s $1.60B indicates the market is still finding its footing compared to last year’s stronger activity. The 32.5% drop in deal count month-over-month—from 77 deals in October to 52 in November—reflects typical seasonal variation as the year winds down, though the average deal size jumped 54.8% to $28.8M as larger rounds dominated the month.

Funding by Stage

The stage distribution in November tells a story of concentration and disparity. Four Late-Stage deals commanded more than half of all funding ($800M, or 53.4%), with an average round size of $200M—nearly ten times larger than the overall median deal size of $10M. This heavy skew toward mega-rounds in mature companies reflects a broader trend: institutional capital continues to flow toward proven business models with clear paths to profitability or exit.

Meanwhile, NYC’s Early-Stage ecosystem remains vibrant with 28 deals representing 53.8% of all transactions, despite accounting for just 13.2% of total funding. The $4.0M median round size at this stage—compared to a $7.1M average—indicates a healthy mix of smaller seed rounds alongside larger institutional seed investments. This robust early-stage activity is particularly significant given NYC’s 22.6% share of national Early-Stage funding, reinforcing the city’s role as a primary launchpad for new ventures across fintech, enterprise software, and consumer technology.

Monthly Comparison

The monthly comparison reveals the volatility inherent in venture capital markets. November’s 32.5% drop in deal count from October suggests investors adopted a more selective approach, focusing capital on fewer, larger rounds. The 54.8% increase in average deal size—from $18.6M to $28.8M—reflects this consolidation, with capital concentrating in companies that have already demonstrated significant traction.

What’s particularly notable is NYC’s stable market share at 11.6%—effectively flat from October’s 11.7%—even as the broader US market grew 6.2% month-over-month. This suggests NYC is maintaining its position in the national ecosystem, neither gaining nor losing ground relative to other major tech hubs. The question remains whether the city can reverse the pattern evident in the stage-by-stage breakdown: strong at the starting line, but losing companies as they scale toward the finish.