NYC ranks second in 2014 VC funding

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Chart of the week: November 17, 2014

PowerPoint Presentation

  • Through 3Q14, venture capital funding in the NY metro area reached a 10-year high, totaling approximately $3.9 billion in raised capital (compared with $2.0 billion through the same period in 2013)
  • Due to recent surges in funding, the NY metro region now ranks second in venture capital raised; just one year ago, it ranked third behind Silicon Valley and New England
  • Elevated funding levels have boded well for NY’s creative industries, which continue to rapidly expand in terms of employment and leasing activity

Click here for a larger version of the chart

Source: JLL Research, PwC Moneytree