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Laxman Pai, Opalesque Asia: Venture capital (VC) investment in the U.S. continued strong during Q4 2019, totaling $34.2 billion across 2,215 deals, said a study.
For the year, VC investment reached $136.5 billion, second only to 2018's $140 billion raised, revealed the latest edition of Venture Pulse - a quarterly report on global VC trends published by KPMG Enterprise.
Despite the slight dip, 2019 saw the emergence of 73 "unicorns"- companies with valuations exceeding $1 billion - in the United States.
Five of the Top 10 global deals in Q4 came from the U.S. including the largest deal, The We Company, which raised $6.55 billion.
Deals crossed many different sectors and technology verticals, while the geographic diversity of VC investments continued to expand beyond Silicon Valley, with companies from New York, Seattle, Portland and Austin attracting large deals this quarter.
Fintech remained hot as Chime raised $500 million during the quarter, while Robinhood raised $373 million and Next insurance raised $250 million.
Fintech is expected to continue to be one of the hottest areas for VC investment going forward, as startups provide banks with opportunities to expand their service offerings, while banks offer startups new growth opportunities.
Heading into 2020, VC investment in the U.S. is expected to remain strong in areas related to artificial intelligence, robotic process automation and fintech. Corporate VC investment is also expec...................... To view our full article Click here
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