Abbie Parr / Stringer
- The New York City metropolitan area was the most highly-funded region of the US in the third quarter of 2017 — pushing San Francisco out of its long-held spot.
- Startups in NYC saw $4.227 billion in funding during the third quarter of 2017, up from $2.689 billion in the second quarter.
- Funding in San Francisco/North Bay Area was flat from last quarter, with $4.177 billion invested in local startups.
New York City has surpassed San Francisco as the region whose startups attract the most venture capital money, thanks in large part to a mega-round of funding scooped up by co-working company WeWork.
San Francisco/North Bay funding for the past eight quartersPwC and CB Insights MoneyTree Report Q3 2017
VCs invested $4.227 billion in NYC companies over the third quarter of 2017, compared to $4.177 billion in funding for companies in San Francisco and the North Bay Area. These numbers come from the recently released Q3 2017 MoneyTree Report from PwC and CB Insights.Read Complete Article