Venture Capital Opportunities for Startup (Tech) in New York
NYC’s tech community is booming, and a PWC Money Tree report shows that over $ 17.2 billion has been invested in startups in NYC in 2020 alone.
This was a 20% increase compared to 2019 and NY hereby remains second after Silicon Valley’s $47.2 billion-dollar investment scene (Crain’s NY, 2020). The growth is fueled by an enormous increase in venture capital investments as VCs from San Francisco are growing and moving parts of their operations to NYC and international funds are getting foot on the ground in NYC. However, still behind Silicon Valley in terms of investments, New York has outranked San Francisco as the world’s best city to build a tech company, with the growing VC opportunities as only one of the reasons (Forbes, 2019).
Funding is important, as most startups need it in order to survive and to expand. Cash not only allows startups to live and grow, capital is also usually a competitive advantage in all ways that matter: hiring key staff, public relations, marketing and sales. As most startups will want to raise money, there are many opportunities in New York City.
This document summarizes the most important information entrepreneurs will need when they start to look for funding in New York City.
For more information and questions about this report, contact the Consulate General of the Kingdom of the Netherlands in New York
Zwanette Bruggink, Economic Dept.
Phone: +1 646 255 6911
Want to know more about the business opportunities in the United States of America? View the country information on RVO.NL (Dutch)