You are here

East Coast Face-Off: New York Tech Investment Beats Massachusetts By Wide Margin In 2015

Although New York saw double the amount of deals, Massachusetts saw greater deal growth in 2015.

New York and Massachusetts are known as the two top tech hubs in the eastern United States, and have each produced unicorn companies and well-known exits like Etsy (New York), OnDeck Capital (New York), Wayfair (Massachusetts) and many more.

Massachusetts has on some quarters eclipsed New York for funding VC-backed companies (Q4’14 and Q1’15 were cases in point). We used CB Insights data to see the trend for all equity funding to private tech companies

When looking at tech, the data shows that New York has consistently eclipsed Massachusetts funding and deal count figures by a significant margin in recent years.

Read Complete Article