New Jersey market on track to surpass funding levels seen after the COVID-19 pandemic - United States
New Jersey market on track to surpass funding levels seen after the COVID-19 pandemic
Capital infusion into companies based in the New Jersey market remains robust, although limited in terms of funding sources from venture capital firms.
Public funding through initial public offerings (IPOs) has been the primary source of capital this quarter, and it is anticipated that additional equity and debt raises will further elevate funding levels, surpassing the post-COVID averages once the reports are released.
Notably, NFT Gaming Company (NFTG) and Kenvue (KVUE) are among the largest New Jersey companies to go public this year, with Kenvue contributing most of the funding in the second quarter thus far.