The State of Enterprise Tech in NYC: 1H 2020 Funding Report

Jonathan Lehr
Jul 17 · 2 min read
Image for post
Image for post

Here at Work-Bench, there are two things we love above all else: Enterprise tech and NYC. For the past several years, we’ve been tracking, recording and analyzing NYC enterprise tech funding data (see past reports from 2016, 2017, and 2019) and have continued the tradition this year!

See the complete 1H funding report 👉 here 👈

While 2020 has been an unprecedented year so far with NYC being hit hard as COVID-19’s epicenter, our findings were clear:

New York City enterprise tech is on 🔥 and has remained resilient throughout 1H 2020 despite COVID-19.

Image for post
Image for post

Some key findings:

  • Q2 2020 (with $1.5B raised over 51 deals) saw greater deal volume and deal activity than Q1 2020 (with $1.3B raised over 44 deals).

We couldn’t be more excited to see what’s next for enterprise tech in NYC. If you’re an early stage enterprise tech startup looking for funding or to engage in our NYC enterprise ecosystem, please reach out and sign up for our Enterprise Weekly Newsletter below for our weekly Friday digest of enterprise tech news.

PS — If you’d like to check out the underlying data for yourself, check out our public NYC Enterprise Funding Database. The database records every single financing from 2014–1H 2020 for NYC enterprise startups, and for each financing we include the company name, amount raised, and the funding round.

Work-Bench

Work-Bench is an enterprise technology VC fund in NYC.

Jonathan Lehr

Written by

All enterprise tech, all the time || VC @Work_Bench, Founder of @NYETM, and @KauffmanFellows Class 19 || I also tweet (a lot) about the @MiamiHEAT

Work-Bench

Work-Bench is an enterprise technology VC fund in NYC. We support early go-to-market enterprise startups with community, workspace, and corporate engagement.

Jonathan Lehr

Written by

All enterprise tech, all the time || VC @Work_Bench, Founder of @NYETM, and @KauffmanFellows Class 19 || I also tweet (a lot) about the @MiamiHEAT

Work-Bench

Work-Bench is an enterprise technology VC fund in NYC. We support early go-to-market enterprise startups with community, workspace, and corporate engagement.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store