Series A: A Series — May 2026
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NYC founders are still finding reasons to celebrate (beyond the warm weather and the Knicks).
In May, 15 New York City startups announced a Series A, collectively raising nearly $300 million in Series A funding (and totaling over $453 million across all rounds to date). Together, they’re already hiring for 75+ NYC-based jobs, spanning engineering, product, GTM, operations, and AI roles.
For comparison:
May 2025 startups raised $322.1 million in Series A funding.
The average Series A round in May 2025 was $18.9 million.
The average Series A round in May 2026 increased to $20 million (+5.8%).
In a departure from the exceptionally large rounds we saw in April, May’s funding was more evenly distributed, with the average check size totaling $20 million to startups solving difficult problems across government, healthcare, cybersecurity, financial infrastructure, energy, and enterprise software.
Where the capital was allocated
Fintech leads the month: Fintech claimed the top spot in May, accounting for $126.2 million — more than 42% of all Series A funding raised this month.
The category spans a surprisingly broad range of financial infrastructure: Fun raised a massive $72 million to build payment infrastructure for web3, while Greenboard, Eisen, Exponent, and Novella are modernizing everything from compliance operations and franchise finance to specialty insurance placement.
Rather than consumer banking apps, this is fintech focused on the operational plumbing of financial services — a theme we’ve seen repeatedly across NYC’s 2026 Series A pipeline.
Healthcare continues its strong run
Healthcare and life sciences startups brought in $83.8 million, representing roughly 28% of all Series A capital raised in May.
Companies like BranchLab, Dandelion Health AI, Solstice Health, and Waypoint Bio are tackling different parts of the healthcare stack — from pharma commercialization and clinical data infrastructure to life sciences marketing and next-generation cell therapies.
The diversity of approaches reflects a broader shift in NYC healthtech, one where founders are rebuilding the underlying systems that power research and care delivery.
AI moves deeper into operations
AI-powered enterprise software and workflow infrastructure accounted for another $64.5 million in Series A funding last month.
This group includes GovWell (a Tech:NYC member!), which helps local governments modernize permitting and licensing workflows; Texture, which aggregates energy-sector data; Status AI, which is creating new forms of AI-native social experiences; and Olyzon, which applies AI to media planning and advertising performance.
What connects them all is a shared belief that AI’s biggest opportunity lies in improving how organizations operate.
Trust infrastructure keeps growing
Security and compliance remained a meaningful theme with Ocean Security’s $20 million Series A.As AI systems become more powerful and cyber threats become more sophisticated, investors continue backing startups building the safeguards around modern digital infrastructure.
Did we miss your Series A raise? Let us know — we want to spotlight every NYC founder turning vision into venture.
The map below features raises from June 2025 - May 2026.
The sheet below is sorted by most recent raise date.