Venture-capital fundraising topped $1 billion in New York during the first half of the year, the best start to a year since the dot-com crash for the surging tech industry.
The state’s VC investments in the period reached $1.33 billion, most of that going to startups in the five boroughs, according to new data from CB Insights.
The top money-raiser in the most recent quarter was Fab.com, which raised $150 million, according to the report.
In all, a total of $619 million in VC cash was raised in the April-June period, an increase from the $500 million raised in New York investment during the same period last year.
Nationwide, venture-capital investments in Internet, green tech and health-care industries fell to $7 billion in the second quarter, from $8.1 billion the previous year.
In New York, the half-year total puts the state on track to top $2 billion for the year, which it failed to do last year.
In 2011, the state had a breakout year in tech, with $2.4 billion in VC capital raised.
This year is already proving active on many fronts, including public offerings and high-profile acquisitions.
New York-based Tumblr sold to Yahoo! for more than $1 billion. New York firms represented 1 of every 5 merger-and-acquisition transactions in the second quarter, according to CB Insights.
In the second quarter, New York still lagged Massachusetts, which raised $859 in venture capital, and, as always, Silicon Valley, which took the top spot with $3.6 billion in the three-month period.