Based on preliminary data from Pitchbook, venture capital firms invested 6.7% more capital in October than in September, rising from $10.5 billion to $11.2 billion. However, deals were larger, as total deals counts fell by 85 to 707, a 10.7% decline. This trend of fewer deals but more invested capital has been continuing for three months now, constituting a 52.8% increase in capital per deal over the period.
According to data from Pitchbook, venture capital firms (VCs) invested a total of $8.86 billion into 768 U.S. companies in August. These numbers are down 19.3% from the $10.97 billion invested by VCs in August 2017 but are up 4.70% from the total invested capital in July 2018.
In the first quarter of 2018, 1,683 companies raised $28.2 billion in venture capital funding, according to data provider Pitchbook. The quarter marked the fourth consecutive quarter of more than $20 billion invested and the largest amount invested in a single quarter since at least 2006. Continuing the trend from 2017, more value was spread across fewer deals.
The fourth quarter of 2017 marked the third consecutive quarter with at least $20 billion invested in US venture-backed companies. Investment in 2017, as a whole, reached $84 billion, which is the first time venture investment has eclipsed $80 billion since the dot-com boom. The $84 billion was spread over 8,076 deals, reflecting a 6% drop in deal count from 2016 but a 16% improvement in total value.
There were 2,362 global venture-backed deals, representing $49 billion in value, in the third quarter of 2017, according to Preqin. While this is the sixth consecutive quarter of declining transactions, the deal value in the quarter represents the second consecutive quarter of record highs, and the value through the first three quarters of 2017, at $128 billion, is on pace to become an all-time annual high. This comes as deal count through the first three quarters of 2017 are down 14% to 7,552 announcements from 2016’s 8,792. The US accounted for 40% of global deals, both in terms of volume and value.