Monday July 15, 2019

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NY Corporate #VC Funding Plummets

New York City Serenade

New York City Serenade (Photo credit: joiseyshowaa)

Investment in NY tech from corporate venture capital firms such as Comcast and Verizon decreased by 87 percent from the same period a year ago.  According to CB Insights, only $30 million of the total $2.1 billion of investments went to NY companies. The lion’s share of funding–$1.45 billion– went to California. Massachusetts came in second with $80 million and New York was third. Adaptly, an advertising social media startup, was the recipient of the largest NY investments–$10.5 million from Valhalla Partners and Time Warner Investments.

Crain’s New York Business