Dealroom Deep Dive

New York State

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

Raised in Q2 2026
$11.1B
VC funding · closed quarter
Raised in 2025
$28.5B
VC funding · full year 2025
Combined enterprise value
$1.6T
VC-backed New York startups · founded 1990+
Unicorns
292
$1B+ valuation or exit

Annual venture capital

Funding into New York startups has grown nearly tenfold over the past five years, reaching $28.5B in 2025. With $21.9B raised in the first 6 months of 2026, the full year is on track to land at $43.8B, a +54% 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 Q2 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, 63% of capital landed in scaleup ($100M+) rounds, 31% in breakout ($15–100M), and 7% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q2 2022 → Q2 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 rounds they've participated in. Y Combinator leads with 928 rounds, followed by Techstars at 321. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Most active New York investors

#InvestorTypeInvestmentsPortfolioHQ
1 Accelerator 928 6,972 Mountain View, United States
2 Accelerator 321 2,278 New York City, United States
3 Venture capital 319 370 New York City, United States
4 Venture capital 303 483 New York City, United States
5 Venture capital 293 300 New York City, United States
6 Venture capital 274 919 San Francisco, United States
7 Venture capital 264 1,181 Menlo Park, United States
8 Venture capital 248 845 San Francisco, United States
9 Accelerator 240 299 Town of Islip, United States
10 Venture capital 237 1,912 Menlo Park, 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. 5RampNew York City, United States$2.9B
  6. 6PolymarketNew York City, United States$2.9B
  7. 7KalshiNew York City, United States$2.5B
  8. 8CyeraNew York City, United States$2.3B
  9. 9WonderNew York City, United States$2.1B
  10. 10UiPathNew York City, United States$2.0B
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Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1FeverNew York City, United States98
  2. 2FluidStackNew York City, United States98
  3. 3ExlServiceNew York City, United States97
  4. 4PagerNew York City, United States97
  5. 5PolymarketNew York City, United States97
  6. 6EliseAINew York City, United States97
  7. 7CyeraNew York City, United States97
  8. 8FigureNew York City, United States97
  9. 9CircleNew York City, United States97
  10. 10Norm AINew York City, United States97
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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 $41.1B. 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 Q2 2026

  1. 1New York CityUnited States$41.1B
  2. 2Long IslandUnited States$610M
  3. 3Upstate New YorkUnited States$376M
  4. 4Buffalo – Niagara FallsUnited States$108M
  5. 5SyracuseUnited States$48M
  6. 6RochesterUnited States$22M
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Top metro regions

New York startups venture capital by metro · Full year 2025

  1. 1New York CityUnited States$29.9B
  2. 2Long IslandUnited States$412M
  3. 3Upstate New YorkUnited States$397M
  4. 4Buffalo – Niagara FallsUnited States$82M
  5. 5SyracuseUnited States$80M
  6. 6RochesterUnited States$40M
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Top metro regions

New York startups venture capital by metro · Q2 2026

  1. 1New York CityUnited States$11.1B
  2. 2Long IslandUnited States$200M
  3. 3Upstate New YorkUnited States$127M
  4. 4Buffalo – Niagara FallsUnited States$32M
  5. 5RochesterUnited States$18M
  6. 6SyracuseUnited States$1M
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Top metro regions

New York startups enterprise value by metro

  1. 1New York CityUnited States$1.5T
  2. 2Upstate New YorkUnited States$15.0B
  3. 3Long IslandUnited States$10.1B
  4. 4Buffalo – Niagara FallsUnited States$3.4B
  5. 5RochesterUnited States$2.8B
  6. 6SyracuseUnited States$1.3B
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Top metro regions

New York startups unicorns by metro

  1. 1Bay AreaUnited States842
  2. 2New York CityUnited States322
  3. 3BostonUnited States210
  4. 4BeijingChina170
  5. 5LondonUnited Kingdom157
  6. 6Los AngelesUnited States153
  7. 7ShanghaiChina129
  8. 8Tel AvivIsrael119
  9. 9SeattleUnited States68
  10. 10San DiegoUnited States64
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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

Over the last 12 months (through Jul 2026), the largest VC rounds in New York startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Biggest New York rounds · Last 12 months to end of Q2 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Oct 2025Polymarket$2.0BGROWTH EQUITY VCIntercontinental Exchange
Sep 2025Reflection AI$2.0BSERIES BSequoia, NVentures
May 2026Cognition | Devin AI$1.0BLATE VCLux Capital, 8VC
May 2026Kalshi$1.0BSERIES FCoatue Management
Nov 2025Kalshi$1.0BSERIES ESequoia, CapitalG
Jul 2025iCapital$820MSERIES ET. Rowe Price, SurgoCap Partners
Jun 2026Ramp$750MSERIES FICONIQ Capital, GIC
Mar 2026FluidStack$750MLATE VCSituational Awareness
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Mar 2026Polymarket$600MGROWTH EQUITY VCIntercontinental Exchange
Jun 2026Flourish$500MEARLY VCLux Capital, GV
Jul 2025Ramp$500MSERIES EICONIQ Capital
Dec 2025Cyera$400MSERIES FBlackstone
Sep 2025Cognition | Devin AI$400MLATE VCFounders Fund
Aug 2025Sharps Technology$400MPRIVATE PLACEMENT VCPantera Capital, ParaFi Capital
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Biggest New York rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Oct 2025Polymarket$2.0BGROWTH EQUITY VCIntercontinental Exchange
Sep 2025Reflection AI$2.0BSERIES BNVentures, Sequoia
Nov 2025Kalshi$1.0BSERIES ECapitalG, Sequoia
Jul 2025iCapital$820MSERIES ESurgoCap Partners, T. Rowe Price
May 2025Wonder$600MLATE VCNEA
Jul 2025Ramp$500MSERIES EICONIQ Capital
May 2025Cyera$500MLATE VCGeorgian, Lightspeed Venture Partners
Jan 2025Immunovant$450MPRIVATE PLACEMENT VC,
Dec 2025Cyera$400MSERIES FBlackstone
Sep 2025Cognition | Devin AI$400MLATE VCFounders Fund
Aug 2025Sharps Technology$400MPRIVATE PLACEMENT VCParaFi Capital, Pantera Capital
Aug 2025First Due$355MGROWTH EQUITY VCTCV, JMI Equity
Apr 2025Runway$308MSERIES DGeneral Atlantic
Dec 2025Eon$300MSERIES DElad Gil
Nov 2025Ramp$300MGROWTH EQUITY VCLightspeed Venture Partners
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Biggest New York rounds · Q2 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
May 2026Cognition | Devin AI$1.0BLATE VC8VC, General Catalyst
May 2026Kalshi$1.0BSERIES FCoatue Management
Jun 2026Ramp$750MSERIES FOntario Teachers’ Pension Plan, GIC
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Jun 2026Flourish$500MEARLY VCCatalio Capital Management, GV
Jun 2026Digital Asset$355MLATE VCa16z crypto
May 2026Modal$355MSERIES CLux Capital
Jun 2026AlphaSense$350MLATE VCJ.P. Morgan Asset Management, Vitruvian Partners
Jun 2026General Intuition$320MSERIES ACoalition Capital, Jeff Bezos
Jun 2026Standard Bots$200MSERIES CGeneral Catalyst, RoboStrategy
Jun 2026LeapXpert$180MGROWTH EQUITY VCRiverwood Capital
May 2026RADAR$170MSERIES BNimble Partners, Gideon Strategic Partners
Apr 2026Rogo$160MSERIES DKleiner Perkins
May 2026Farther$150MSERIES DGeneral Atlantic
Apr 2026AIDoc$150MGROWTH EQUITY VCGoldman Sachs
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Source: Dealroom.co · Updated 8 Jul 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. Over the last 12 months (to end of Q2 2026), AI leads at $18.3B, 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 292 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, 24 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 231 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 88 in 2021. On exits, the sector has produced 1,677 tracked acquisitions since 2010 representing $213.0B in disclosed value. Notable acquisitions in the data include Wiz ($32.0B, 2025), followed by Intracellular Therapies ($14.6B, 2025), Squarespace ($7.2B, 2024).

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…

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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 University000$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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