finance

New York Venture Capitalists Fund 75 Deals Worth $2.01 Billion

Venture funding in New York City increased from the prior month.

By The Daily New York · Published July 24, 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily New York is part of The Daily Network and follows our reasonable editorial care.

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New York City venture capital delivered 2.01 billion dollars across 75 deals in May 2026 a 12.0 percent increase from April with seven NYC startups raising 100 million dollars or more according to item [11].

AI companies captured 66 percent of all NYC capital deployed in May 2026 with 32 of 75 funded startups identified as AI-focused led by Modal Labs 355 million dollar late-stage round for AI cloud infrastructure according to item [11].

Year-over-year NYC funding declined 16.4 percent from May 2025 2.40 billion dollars though the deal count rose compared to the prior year pace according to item [11].

Sources: perplexity-sonar.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

References Sourced but Not Limited to:

fortune.com · Silicon alley new york 30 years kevin ryan fred wilson tech venture...

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