Nationally, startups are seeing bigger funding rounds from VCs to fuel the fast growth they need. However, fewer companies are seeing that money.
The end-of-year stats for 2017 illustrated the trend. While the dollar totals were the second-highest on record in 2017, venture capitalists funded the lowest number of companies in five years. That’s according to the latest MoneyTree Report from PricewaterhouseCoopers LLP (PwC) and CB Insights, which tallies up venture capital funding.
“The US venture capital ecosystem is also changing in terms of the mix of dollars and deals with a bigger role for mega-rounds [over $100 million], larger average deal size and a declining trend in deal count,’ said Tom Ciccolella, US Venture Capital Leader for PwC.
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