August 2018 Will Go Down as the Single Greatest Month for NYC
August 2018 Will Go Down as the Single Greatest Month for NYC Startup Funding Crossing the $2B MarkAugust 23, 2018 by Reza Chowdhury 567SHARESFacebookTwitterLinkedin LetgoSeries E$500M2015 CompanyRoundAmountYear Founded Oscar HealthVenture$375M2012 BoxedSeries D$111M2013 Dynamic YieldSeries D$32M2011 PelotonSeries F$550M2012 Filed Under: #NYCTech, AlleyTalk, Funded in the Alley, Funded in the Alley, Funding, Funding News, Startups, Venture Capital Tagged With: Axoni, Boxed, Capsule, Dynamic Yield, Latch, letgo, namely, Peloton AxoniSeries B$32M2013 LatchSeries B$70M2014 CapsuleSeries B$50M2016 PREVIOUS POSTNEXT POST NamelySeries E$60M2012 While summer venture activity is typically slow in the city and globally, this month is an anomaly. NYC Startup founders have managed to lure investors away from the beaches of New England, the South of France, and the East End to drive massive investment into the NYC tech ecosystem. From August 1st to the 22nd, NYC startups have collectively raised in excess of $2B, which makes August the highest monthly total for NYC startup funding EVER! I’ve tracked monthly activity since the founding of AlleyWatch in 2012 and this is an unprecedented level of activity across a breadth of verticals. For reference, total startup funding for NYC startups was $600M in 2017 and $382M in 2016 for the month of August. NYC has even managed to edge out our friends in the Bay Area where total startup funding is at $1.89B for the month through the 22nd.In NYC, there has not been a single mega deal but several $50M-$550M deals that contributed to a large portion of the total. These figures also do not include unreported rounds, which accounts for another ~$50M as well as WeWork’s latest round ($1B) as real estate and debt deals are excluded from our tracking.Below a quick look at some of the notable NYC Startup fundings for the first 22 days of the month. As always, we’ll have our full report for the months’ activity in NYC in early September.