finance

New York City venture capital reaches $2.01 billion in May 2026

New York City venture capital delivered $2.01 billion across 75 deals in May 2026.

By The Daily New York · Published July 24, 2026

How we reported this

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.

Daily Network finance briefing tile, illustration, not a photograph

New York City venture capital delivered $2.01 billion across 75 deals in May 2026 according to key facts in item 48. This amount represented a 12.0 percent increase from April while seven NYC startups raised $100 million or more.

AI companies captured 66 percent of all NYC capital deployed in May 2026 with 32 of the 75 funded startups identified as AI-focused according to key facts in item 48. Modal Labs raised a $355 million late-stage round for AI cloud infrastructure.

Year-over-year NYC funding declined 16.4 percent from May 2025's $2.40 billion according to key facts in item 48. New York received 13.3 percent of US venture funding in 2024 according to key facts in item 48.

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...

Your newsroom. Shaped by you.

The Daily New York is in beta. AI may assist with research, summarising and drafting. Automated checks assess sourcing, accuracy and editorial risk before publication, and sensitive material is held for human review. Spotted something off, or want us covering a topic? Tell us. Your feedback is entirely optional and helps shape what we publish next.