Funding hit $4.5 billion into NY last year - up 53% YoY. Here's where it went.

Venture capital investment in New York ballooned in 2014, rising 53% year-over-year on 7% more deals. No one quarter drove the funding jump with NY seeing steady and strong performance throughout the year. Each of the last 3 quarters in 2014 saw venture investors put $1B or more into New York-based companies highlighting what appears to be a new normal in NY.

In total, New York companies raised $4.5B across 422 deals over the twelve months.

Using CB Insights data, here are the top sectors and stages for deal and funding activity in NY in 2014.

The data below.

Q1 2017 VC Report: Global Funding Rises 15%
Just 3 new VC-backed companies topped $1B+ valuations in Q1’17, remaining well behind 2015’s pace. Download the CB Insights and PwC MoneyTree Report today.


New York dominated by Internet sector. Takes 6 of 10 deals

Venture-backed deals in New York skewed heavily toward tech in 2014. In fact, 63% of deals in New York went to Internet firms in 2014. Mobile saw an increased deal share for the second straight year at 19%, coming in at a solid #2 to Internet in NY.


Funding followed deals as 2014 saw 67% of venture capital dollars in New York go to the Internet sector, followed by Mobile & Telecom at 9% of funding share. Business Products & Services were buoyed by a combined $512M in funding to co-working space WeWork.

ny20143Seed deals up. Series A declines for 3rd straight year.

Seed deal share grew from 34% to 40% of all New York VC deals in 2014. Series A deal share decreased for the third straight year, falling from 31% in 2012 to 28% in 2013 and reaching just 26% in 2014. Series C deal share dropped from 11% in 2013 to 7% in 2014.


With huge deals including Flatiron Health in 2014, Series B jumped to a 32% funding share for the year. Series E+ funding share saw modest growth to 19% funding share behind large deals including now-public OnDeck Capital.

ny20145The Largest 2014 New York VC deals – WeWork is on top

New York saw multiple nine-figure deals in 2014. Top deals covered a broad array of industries ranging from eCommerce to Media to Finance. Real estate venture, WeWork, which offers co-working spaces, had 2 of the 3 largest NY deals of the year.

Top New York  Deals: 2014
Company Round Amount ($M) Quarter
WeWork Series B $355 Q4’14
Vice Media Growth Equity $250 Q3’14
WeWork Series A $157 Q4’14
Flatiron Health Series B $130 Q2’14
Oscar Health Insurance Co. Series A $80 Q2’14
OnDeck Capital Series E $77 Q1’14
IEX Group Series C $75 Q3’14
Harry’s Razor Company Series B $75 Q4’14
Harry’s Razor Company Series A $75 Q1’14
FanDuel Series D $70 Q3’14


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