Q1 2015 and Q2 2015 added on to a breakout year for New York VC funding in 2014 and Q3 2015 saw this trend of growth continue. Investments in Digital Content and Marketing companies led the way, representing 41% and 32% of all Digital NY investment activity. Since 2006, nearly $13.3 billion has been raised for Digital NY companies. Thanks to a particularly strong Q1 and Q2 in Digital funding and a drastic growth in activity throughout Q3 2015, New York has further established itself as the most active digital center in the US outside of Silicon Valley. Digital New York VC financing increased in Q3 2015. Funding was down 2.5% versus Q3 2014 and up 41% versus Q2 2015 (according to deal amounts provided by CapIQ). 26 private digital companies raised a combined $1.1 billion. Ten companies we had already been tracking completed follow-on financings, raising $607 million in total. The largest funding rounds of the quarter were completed by FanDuel and ZocDoc, which raised $275 million and $150 million respectively. Two Digital NY M&A deals occurred in Q3 including the sale of Business Insider to Axel Springer for $343 million at an eye popping 6x 2016E revenue multiple.