The aggregate value of venture capital deals for US-based companies reached a new peak of $104bn in 2019.

Despite this, the annual number of deals has decreased continually since 2014 (6,809), and dropped by 18% from 2018 to 4,637 deals in 2019, Preqin said.

The average size of venture capital investment in US companies was, therefore, $224mn in 2019, up from