- The New York Metropolis metropolitan spot was the most extremely-funded location of the US in the 3rd quarter of 2017 — pushing San Francisco out of its lengthy-held location.
- Startups in NYC saw $4.227 billion in funding during the 3rd quarter of 2017, up from $2.689 billion in the next quarter.
- Funding in San Francisco/North Bay Spot was flat from very last quarter, with $4.177 billion invested in local startups.
New York Metropolis has surpassed San Francisco as the region whose startups attract the most venture capital cash, many thanks in substantial aspect to a mega-spherical of funding scooped up by co-performing organization WeWork.
VCs invested $4.227 billion in NYC companies over the 3rd quarter of 2017, as opposed to $4.177 billion in funding for firms in San Francisco and the North Bay Spot. These quantities come from the not long ago released Q3 2017 MoneyTree Report from PwC and CB Insights.
When San Francisco’s funding was flat from the previous before, NYC’s quantities ended up up significantly from $2.689 billion in funding during Q2. The spike was thanks to the enormous $2.5 billion in funding garnered by the NYC-foundation coworking space organization WeWork.
Barring another huge Big Apple spherical of startup investments, San Francisco will probably regain the leading spot by the conclusion of the yr.
San Francisco, residence to Uber, Twitter and various other massive tech names, has lengthy dominated the startup funding rankings. But it really is well worth nothing at all that Silicon Valley — the undertaking capital and tech hub just south of San Francisco — is calculated as a different location in the MoneyTree report.
Silicon Valley firms saw $2.2 billion in funding for the 3rd quarter — a massive dip from $4.1 billion in the quarter prior.
Here is how these locations review to the rest of the US: