New Jersey witnesses a 30% surge in venture capital and private equity funding in 2023

New Jersey witnesses a 30% surge in venture capital and private equity funding in 2023.

  • Historically, an increase in VC/PE funding has been accompanied by a rise in the demand for office space. However, the current expansion of flexible working trends is disrupting this historical trend.

 

  • In 2023, VC/PE funding witnessed a significant 30% surge. More than one-third of this funding has been directed towards the tech sector, where the necessity for office space is increasingly shaped by the prevalence of flexible working arrangements.

 

  • New Jersey was one of just five regions in the United States to experience an increase in funding within the tech sector in 2023.

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