Venture Capital in New York, Q1 2015
By Kyle Marks, Project Manager, Economic Research and Analysis
The latest figures from CB Insights and PricewaterhouseCoopers indicate a strong start to 2015 for venture capital investment in New York.
New York’s total VC funding grew to $1.33 billion in Q1 2015, up 33% from Q4 2014. VC deals were down 15.4% from the previous quarter.
More Report Highlights:
- New York’s total VC funding was up 36.1% compared to Q1 2014, while VC deals were down 15.4%.
- New York ranked third behind California and Massachusetts in terms of deals and total funding. While total funding grew in New York, both California and Massachusetts saw total funding fall compared to Q4 2014.
- The Internet sector took 69% of deals and 80% of total funding that went to New York companies in Q1 2015. New York City was the second-ranked city in terms of internet deals and funding, behind only San Francisco.
- New York City’s digital employment increased by 3.4% as the city added 1,520 jobs in Q1 2015. Boston added 300 jobs for a 1.6% increase in digital employment. New York City’s quarterly employment growth has been greater than Boston’s for 11 of the past 13 quarters.
Read the full Tech Trends and Insights report for New York City here.
For all other economic reports, visit our economic data archive on the Economic and Research Analysis page.