Q1 2015 added on to a breakout year for New York VC funding in 2014 and Q2 2015 saw this trend of growth continue. Investments in Digital Content and eCommerce companies led the way, representing 40% and 31% of all Digital NY investment activity. Since 2006, nearly $12.2 billion has been raised for Digital NY companies. Thanks to a particularly strong Q1 in Digital funding and nearly equal activity throughout Q2 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 remained about the same in Q2 2015. Funding was up 36% versus Q2 2014 and down 2% versus Q1 2015 (according to deal amounts provided by CapIQ). 32 private digital companies raised a combined $801 million. Thirteen companies we had already been tracking completed follow-on financings, raising $427 million in total. The largest funding rounds of the quarter were completed by Blue Apron and Purch (TechMediaNetwork), which both raised $135 million. The announced $4.4B sale of AOL to Verizon dominated the M&A news. Other notable Digital NY M&A deals included the $594M sale of Mediaocean to Vista Equity Partners for an 82.5% stake and the $448M sale of Borderfree to Pitney Bowes.
© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
