Buzzfeed, AppNexus & Genius are just three of more than 30 New York-based tech companies that have raised $25 million plus financing rounds in 2014 YTD according to CB Insights data. Notably, in just the first eight months of 2014, there have already been more New York mega-rounds than in all of 2013.
Altogether, more than $1.55 billion has been raised in the 33 mega-deals by the NY-based tech upstarts. The proliferation of large tech financings to NY-based companies comes as overall quarterly financing to NY tech startups topped five-year quarterly highs in Q2 2014. Among the largest NY tech mega rounds to take place this year are Flatiron Health’s $130M Series B, Oscar’s $80M infusion and OnDeck Capital’s $77M raise led by Tiger Global.
NY still hasn’t seen many billion dollar exits and has even seen even fewer IPOs. Will this current crop of companies change that?
Note: Data in the brief is as of September 2, 2014.
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