New York City Startups Raised $2.4B+ in February
February was the single best month in history for New York City tech startup funding, with $2.4B+ raised by companies that call the city home.
Based on the publicly available data, below are the 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. This analysis does not include rounds for biotech, real estate, lending startups, and debt financings.
NYC Early Stage Funding
- The average Seed round in NYC was $2.5M
- The median Seed round was $3.0M
- $58.4M was invested across early stages rounds
- 10.6% of early-stage funding nationally went to startups in NYC
NYC A Series Funding
- The average Series A round was $15.5M
- The median Series A round was $12.0M
- $356.2M was invested across Series A rounds
- 20.8% of Series A funding nationally went to startups in NYC
NYC Series B Funding
- The average Series B round was $27.2M
- The median Series B round was $29.0M
- $272.3M was invested across Series B rounds
- 12.6% of Series B funding nationally went to startups in NYC
NYC Late Stage Funding
- The average late-stage round was $123.2M
- The median late-stage round was $57.5M
- $1.7B was invested across late-stage rounds
- 13.8% of late-stage funding nationally went to startups in NYC
Total Startup Funding for February
- $2.4B was invested in NYC startups in NYC across 70 deals
- $17B was invested in US startups across 473 deals
- 14.2% of startup funding nationally went to startups in NYC
- NYC VC funding in February was +200% from last month and +539% from the same period last year
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