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Crunchbase: SF startups hit a record of 1,404 seed deals in 2025, while the number of NYC seed deals has dropped over the past three years, to 666 in 2025 (wsj.com)

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According to Crunchbase, San Francisco startups reached a record 1,404 seed deals in 2025, while New York City seed deals dropped to 666 over the past three years.

new-york-city san-francisco startups venture-capital