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Tuesday July 29, 2014

#SeedFunding Strong for #NYTech, But Not Much A-Round in 2013

Planting Money

Planting Money (Photo credit: Tax Credits)

There are two VC trends emerging for 2013 that will have a mixed impact on the NY tech sector. Deal volume is strong, according to Crain’s New York Business, especially seed funding. It’s expected to match or surpass 2012. But when it comes to A-round stage funding, many startups will find funds drying up. In NY, it’s estimated that fewer than 10 VCs are involved in the A-round stage. Investors say they still like consumer businesses, but with companies such as Groupon and Zynga struggling, they say a move toward enterprise investments will gather steam.

Crain’s New York Business