New York VC Investments Top $1B In The First Quarter

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

For New York City’s startup community, the future venture capitalists have hoped for may be taking place right now.

Over the past two days New York startups have announced nearly $200 million in funding, so the question may not be “When will New York be a venture hub in its own right?” but instead “How soon is now?”

The city is already on pace for the best first quarter in its history – with 98 companies raising nearly $1.3 billion to date and its second best quarter by capital committed since 2009, according to our data. In the last quarter of 2013 New York’s new companies raised over $1.6 billion.

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