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.
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