Startups Weekly: 2019 VC spending may eclipse 2018 record
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups & venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I struggled to understand WeWork’s growth trajectory. Before that, I noted some thoughts on scooter companies’ struggle to raise new cash.
What’s on my mind this week? Data. Now that it’s July, I figured it was time for a VC investment data check-in. How much have VCs invested so far this year? Are they finally investing more in female founders? I’ve got answers. (Data source: PitchBook)
So far in 2019, VCs have invested $62 billion in U.S. startups. This puts investors on pace to dole out more than $120 billion this year, surpassing last year’s all-time high of $117 billion. Around the world, VCs have invested a total of $104 billion in 2019. Last year, investment soared to $251 billion. We’re unlikely to observe a global record of VC investment this year. Here’s the best news of all:
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