With a uniquely high concentration of Fortune 1000 companies, New York is the world’s industry leader. It has also become the second largest tech hub worldwide. Historically home to ad tech, media, commerce and fashion tech companies, New York has seen explosive entrepreneurial growth across every type of technology covering just about every industry.
New York now offers a truly broad and deep tech ecosystem with a robust startup community, an ever-expanding talent pool, and high multiples exits. Europeans are a key part to NYC’s tech scene, including successful French-led businesses such as Datadog, Dashlane or Synthesio.
- Key facts:
- A $125 billion tech ecosystem
- 7500+ tech companies
- The fastest growing tech ecosystem
- NYC tech ecosystem employs 7% of the City’s entire workforce (close to 300 000 workers)
- VC funding in 2015: $6 billion up 62% from 2014