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Female founders raised $6.7 billion in new funding between January and September 2021, more than double the $3.2 billion raised in all of 2020.
IPO Databse
Female founders raised $6.7 billion in new funding between January and September 2021, more than double the $3.2 billion raised in all of 2020.
Mega Deal Database
Female founders raised $6.7 billion in new funding between January and September 2021, more than double the $3.2 billion raised in all of 2020.
Highlights
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Sector Highlights
artificial intelligence and machine learning companies now call NYC home, up from 566 in 2016, a 72% increase.
Over $9 billion in funding has been invested in New York AI companies, and 13 percent of the country’s AI workforce is located here.
augmented and virtual reality companies are based in NYC, up from 137 in 2016, a 44% growth rate.
A 2018 analysis of job listings in gaming found New York, as the center of the country’s media ecosystem, has the highest number of postings requiring AR and VR skills of anywhere in the US.
cryptocurrency and blockchain companies are headquartered in NYC, jumping from 110 startups in 2016, a 106% growth rate.
Web3 companies join an already thriving fintech industry in New York, with several global companies like Stripe, Plaid, Klarna, Affirm, and Brex opening offices in New York in recent years.
represent a subsector that spans all other subsectors, representing thousands of tech workers helping other tech companies run their businesses more effectively.
consumer health companies are headquartered in NYC, up from 1,667 in 2016, a growth rate of 44.5 percent.
NYC healthtech companies are raising more funding than ever before, with $9 billion in new investments in 2021. About 36% percent of that funding went to virtual care, 13% to those focused on biotech, and 9% to mental health companies.
cybersecurity companies have headquarters in the five boroughs, a 36% increase from 162 in 2016.
Cybercrime has spiked an alarming 81 percent since 2019, according to the latest FBI data, and in February 2022, Gov. Kathy Hochul and Mayor Eric Adams launched the Brooklyn-based Joint Security Operations Center to bolster the state’s ability to detect and respond to cyber threats.
commerce and shopping startups are in NYC, 14% of the city’s total startups, compared to 2,856 in 2016.
Early eras of NYC’s tech scene were defined by consumer-facing companies, and as the sector has matured, those companies remain a leading part of the ecosystem today.
education-focused tech companies are based in NYC.
Perhaps driven by the pandemic, digital learning companies were among the fastest growing subsets of the NYC tech sector, jumping from 120 in 2016 to 176 in 2021, a 47% growth rate.
real estate-focused startups are based in NYC, compared to 1,225 in 2016, a growth rate of 28%.
New York’s status as a center for commercial and residential real estate has made it a natural home for proptech companies, including many that move here from elsewhere in the US and abroad, especially from Israel.
NYC startups are focused on providing products and services to women.
Femtech, a sector focused on women’s health issues, is expected to be a $3 billion industry by 2030.
With the support of New York-based BBG Ventures and Female Founders Fund, VC firms focused on women-led companies, female founders raised $6.7 billion between January and September 2021, more than double the $3.2 billion raised in all of 2020.
Education & Skills
Tech Year NYC
A pilot initiative launched by Tech:NYC, in partnership with the Mayor’s Office of Youth Employment and Girls Who Code, expands on previous internship programs to offer up to 1,000 paid work and mentorship opportunities to NYC youth interested in pursuing careers in technology.
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