AGC’s Guide to Digital New York – 2016 Q2 Update

2015 was the strongest year ever for the Digital NY scene with total announced funding of $4.5 billion and at least $900 million of fundraising in each quarter. Q1 2016 saw a decrease in funding following this intense growth. However, Q2 2016 shows signs of upwards momentum. In Q2, investments in eCommerce and Digital Content companies led the way, representing 55% and 30% of all Digital NY investment activity. Since 2010, over $16.8 billion has been raised for Digital NY companies. Q2 2016 shows a significant boost from Q1 2016 as investment activity is starting to pick up closer to record 2015 levels, restoring confidence in New York as the most active digital center in the US outside of Silicon Valley.

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