Covid -19 has produced an economic slowdown worldwide but there are some bright spots on the venture market.
A recent data analysis from Pitchbook, shows us midyear figures from the VC environment:
- Mega-rounds remain strong: Even though deals of $100M or more have declined a bit compared to last year’s first-half tally, mega-fundraising rounds’ sum of roughly $29bn is on track to surpass 2019’s $55bn.
- Compared to the same period last year, VC investment is down but invested capital is still holding well. Investors bet $63.2bn on VC-backed deals, down from $72.2bn mid-year in 2019.
- Deal flow hasn’t fallen dramatically This year it represents 4675 funding rounds compared to 6375 in last year’s first half. Dealmaking goes on but favoring well-established players.