finance
New York City venture capital funding rises to $2.01 billion in May 2026
New York City venture capital funding reached $2.01 billion across 75 deals in May 2026, a 12.0% increase from April, with AI companies capturing 66% of all capital.
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New York City venture capital delivered $2.01 billion across 75 deals in May 2026, a 12.0% increase from April, with seven NYC startups raising $100 million or more, according to [52].
AI companies captured 66% of all NYC capital deployed in May 2026, with 32 of 75 funded startups identified as AI-focused, led by Modal Labs' $355 million late-stage round for AI cloud infrastructure, as reported in [52].
Year-over-year NYC funding declined 16.4% from May 2025's $2.40 billion, though the deal count rose compared to the prior year's pace, according to [52].
While Silicon Valley drew 46.3% of U.S. venture funding in 2024, New York received 13.3%, with the city building its own tech mecca as Silicon Alley turns 30 years old, as stated in [52].
Sources: perplexity-sonar.
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