New York State

The latest data and trends in New York State startups, venture capital, exits and innovation.

Raised in Q3 2026
$11.3B
VC funding · closed quarter
Raised in 2026 Q1-3
$30.3B
VC funding · year to date
Combined enterprise value
$1.7T
VC-backed New York startups · founded 1990+
Unicorns
298
$1B+ valuation or exit

Annual venture capital

Funding into New York startups has grown nearly tenfold over the past five years, reaching $27.9B in 2025. With $30.3B raised in the first 9 months of 2026, the full year is on track to land at $40.4B, a +45% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows New York startups funding raised in each of the last 21 complete quarters through Q3 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

New York venture capital raised by stage

How capital deployed into New York startups is split across round sizes. In the trailing four quarters, 62% of capital landed in scaleup ($100M+) rounds, 32% in breakout ($15–100M), and 6% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 2026.

New York venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in New York

The most active investors in New York startups ranked by the number of disclosed VC rounds they've participated in. Y Combinator leads with 1,085 rounds, followed by Techstars at 409. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active New York investors

#InvestorTypeNew York roundsNew York companiesHQ
1 Accelerator 1,085 765 San Francisco, United States
2 Accelerator 409 349 New York City, United States
3 Venture capital 316 186 New York City, United States
4 Venture capital 315 163 Cambridge, United States
5 Venture capital 308 198 New York City, United States
6 Venture capital 304 198 Menlo Park, United States
7 Venture capital 283 133 New York City, United States
8 Venture capital 267 139 San Francisco, United States
9 Venture capital 253 116 Menlo Park, United States
10 Accelerator 233 193 Town of Islip, United States

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Source: Dealroom.co

Top companies

Two views of leadership in New York startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1WeWorkNew York City, United States$13.2B
  2. 2FanaticsNew York City, United States$4.8B
  3. 3Reflection AINew York City, United States$4.6B
  4. 4InforNew York City, United States$4.0B
  5. 5PolymarketNew York City, United States$3.9B
  6. 6RampNew York City, United States$2.9B
  7. 7WonderNew York City, United States$2.8B
  8. 8CyeraNew York City, United States$2.7B
  9. 9KalshiNew York City, United States$2.5B
  10. 10FluidStackNew York City, United States$2.4B
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Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1FluidStackNew York City, United States98
  2. 2FeverNew York City, United States98
  3. 3PolymarketNew York City, United States97
  4. 4CurrentNew York City, United States97
  5. 5EliseAINew York City, United States97
  6. 6RilletNew York City, United States97
  7. 7RainNew York City, United States97
  8. 8CyeraNew York City, United States97
  9. 9RunwayNew York City, United States97
  10. 10Reflection AINew York City, United States96
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Source: Dealroom.co

Top metros in New York

How New York State stacks up against its global VC peers, with New York State highlighted. The chart ranks the top countries; alongside it, the leading New York City metro region leads the city ranking with $30.0B in 2026 Q1-3 (year to date). Use the metric pills, and the dropdown, to switch view.

Top metro regions

New York startups venture capital by metro · Last 12 months to end of Q3 2026

  1. New York CityUnited States$38.4B
  2. Upstate New YorkUnited States$410M
  3. Long IslandUnited States$225M
  4. Buffalo – Niagara FallsUnited States$84M
  5. SyracuseUnited States$51M
  6. RochesterUnited States$26M
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Top metro regions

New York startups venture capital by metro · 2026 Q1-3 (year to date)

  1. New York CityUnited States$30.0B
  2. Upstate New YorkUnited States$364M
  3. Long IslandUnited States$225M
  4. Buffalo – Niagara FallsUnited States$84M
  5. SyracuseUnited States$37M
  6. RochesterUnited States$26M
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Top metro regions

New York startups venture capital by metro · Q3 2026

  1. New York CityUnited States$11.2B
  2. Upstate New YorkUnited States$90M
  3. Buffalo – Niagara FallsUnited States$34M
  4. RochesterUnited States$8M
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Top metro regions

New York startups enterprise value by metro

  1. Bay AreaUnited States$24.1T
  2. SeattleUnited States$3.2T
  3. Los AngelesUnited States$2.9T
  4. AustinUnited States$2.2T
  5. BeijingChina$2.0T
  6. New York CityUnited States$1.9T
  7. BostonUnited States$1.3T
  8. ShanghaiChina$1.1T
  9. LondonUnited Kingdom$875.5B
  10. MiamiUnited States$744.4B
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Top metro regions

New York startups unicorns by metro

  1. Bay AreaUnited States882
  2. New York CityUnited States329
  3. BostonUnited States207
  4. BeijingChina174
  5. Los AngelesUnited States163
  6. LondonUnited Kingdom161
  7. ShanghaiChina141
  8. Tel AvivIsrael119
  9. SeattleUnited States70
  10. San DiegoUnited States63
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New York on the map

Where New York startups are based, each region shaded by its number of VC-backed startups. Darker means denser; hover a region for its count.

Notable rounds

In 2026 Q1-3 (year to date), the largest VC rounds in New York startups reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest New York rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Aug 2026Thrive Holdings$2.0BGROWTH EQUITY VCAltimeter Capital, D1 Capital Partners
Oct 2025Polymarket$2.0BGROWTH EQUITY VCIntercontinental Exchange
Sep 2026FluidStack$1.5BLATE VCJane Street Capital, Situational Awareness
May 2026Kalshi$1.0BSERIES FCoatue Management
Nov 2025Kalshi$1.0BSERIES ECapitalG, Sequoia
Jan 2026FluidStack$830MSERIES ASituational Awareness
Jun 2026Ramp$750MSERIES FGIC, ICONIQ Capital
Jul 2026Wonder$650MLATE VCAccel, AllianceBernstein
Nov 2025Long Lake Management$609MSERIES CAlpha Wave Global
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Apr 2026Polymarket$600MGROWTH EQUITY VCIntercontinental Exchange
Jun 2026Flourish$500MEARLY VCCatalio Capital Management, GV
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Jan 2026Cyera$400MSERIES FBlackstone
Feb 2026Vestwell$385MSERIES EBlue Owl Capital, Sixth Street Growth
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Biggest New York rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Aug 2026Thrive Holdings$2.0BGROWTH EQUITY VCAltimeter Capital, D1 Capital Partners
Sep 2026FluidStack$1.5BLATE VCJane Street Capital, Situational Awareness
May 2026Kalshi$1.0BSERIES FCoatue Management
Jan 2026FluidStack$830MSERIES ASituational Awareness
Jun 2026Ramp$750MSERIES FGIC, ICONIQ Capital
Jul 2026Wonder$650MLATE VCAccel, AllianceBernstein
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Apr 2026Polymarket$600MGROWTH EQUITY VCIntercontinental Exchange
Jun 2026Flourish$500MEARLY VCCatalio Capital Management, GV
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Jan 2026Cyera$400MSERIES FBlackstone
Feb 2026Vestwell$385MSERIES EBlue Owl Capital, Sixth Street Growth
Jun 2026Digital Asset$355MLATE VCa16z crypto
May 2026Modal$355MSERIES CGeneral Catalyst
Sep 2026EliseAI$350MSERIES FAndreessen Horowitz, Bessemer Venture Partners
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Biggest New York rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Aug 2026Thrive Holdings$2.0BGROWTH EQUITY VCAltimeter Capital, D1 Capital Partners
Sep 2026FluidStack$1.5BLATE VCJane Street Capital, Situational Awareness
Jul 2026Wonder$650MLATE VCAccel, AllianceBernstein
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Sep 2026EliseAI$350MSERIES FAndreessen Horowitz, Bessemer Venture Partners
Sep 2026Precision Neuroscience$250MSERIES DPershing Square Capital Management
Sep 2026Fever$250MLATE VCEQT Group
Sep 2026David$250MSERIES BGreenoaks Capital Partners, Valor Equity Partners
Sep 2026General Intuition$220MSERIES BValor Equity Partners
Sep 2026Profound$180MSERIES DKleiner Perkins, Sequoia
Jul 2026Augustus$180MSERIES BTiger Global
Jul 2026CAIS$170MSERIES DVista Equity Partners
Sep 2026Hibob$166MLATE VCSalesforce
Sep 2026Fortell$163MLATE VCFounders Fund, Thrive Capital
Jul 2026PEX Card$160MGROWTH EQUITY VCBluff Point
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Source: Dealroom.co · Updated 12 Oct 2026

Leading industries

Which industries pull in the most venture capital across New York startups, and where does the New York punch above its weight versus the rest of the world? Use the toggle to switch between absolute VC funding and each industry's over/under-index, and to change the time window. In 2026 Q1-3 (year to date), AI leads at $18.4B, and the New York over-indexes in Fintech, Gaming, Security, and under-indexes most in Space, Transportation, Energy relative to the rest of the world. Industries are tracked through Dealroom's industry tags, which overlap, a company spanning, say, AI and fintech is counted in both, so these show where capital concentrates, not a mutually exclusive split of the total.

Unicorns & exits

New York startups have minted 298 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 23 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 230 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 84 in 2021. On exits, the sector has produced 1,506 tracked exits since 2019 representing $439.0B in disclosed value. Notable exits in the data include UiPath ($35.8B, 2021), followed by Wiz ($29.5B, 2026), Intracellular Therapies ($14.6B, 2025).

The New York startup funnel

Entrepreneurship is a power law. Of every New York startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed New York startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

Loading funnel…

Fetching data.

… Pool of VC-Backed Startups
$100K+ total funding

The New York academic flywheel

New York's universities are an engine room of the startup economy: the schools whose alumni found the most unicorns and venture-backed companies, and the research that spins out into them.

Universities by alumni-founded unicorns

UniversityAlumni unicornsAlumni EV
Columbia University Medical Center000$0.0T
New York University000$0.0T
Cornell University000$0.0T
Rensselaer Polytechnic Institute000$0.0T

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New York startup IP & patents

The patent portfolio behind New York startups: granted patent families, intensity per capita, and where the IP concentrates.

Patent families by New York startup hub

HubPatent families
New York City00,000
Brooklyn00,000
Buffalo00,000
Rochester00,000

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Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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