Despite a 58% year-over-year drop in monthly funding for NYC startups, the ecosystem continues to be resilient with 85% of fundings going to Early-Stage and Series A funding rounds, paving the way for a recovery filled with financially disciplined companies.
Today, I take a look at the state of venture capital and early-stage funding for June 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.
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 Seed round in NYC for June was $2.9M Tweet This
The median Seed round in NYC for June was $2.8M Tweet This
$103.8M was invested across early stages rounds in NYC in June Tweet This
13.3% of early-stage funding nationally went to startups in NYC in June 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 June was $12.5M Tweet This
The median Series A round in NYC for June was $10.3M Tweet This
$349.5M was invested across Series A rounds in NYC in June Tweet This
23.5% of Series A funding nationally went to startups in NYC in June 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 B round in NYC for June was $18.7M Tweet This
The median Series B round in NYC for June was $16.4M Tweet This
$168.6M was invested across Series B rounds in NYC in June Tweet This
10.7% of Series B funding nationally went to startups in NYC in June 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 June was $88.0M Tweet This
The median late-stage round in NYC for June was $88.0M Tweet This
$176.0M was invested across late-stage rounds in NYC in June Tweet This
4.9% of late-stage funding nationally went to startups in NYC in June 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.
$798.0M was invested in NYC #startups in June in NYC across 75 deals Tweet This
10.6% of startup funding nationally went to startups in NYC in June Tweet This
NYC VC funding in June was -10.1% from last month and -57.7% from the same period last year Tweet This
