Expansion-stage investments — likely impacted by the very public markdowns made by investors like Fidelity — were meanwhile down 53 percent in dollars and 10 percent in number of deals from the previous quarter, with $3 billion going into 247 deals. Similarly, investment in late-stage companies dropped 33 percent in dollars from the third quarter, with $3 billion going into 169 deals in the fourth quarter. Altogether, in the fourth quarter, U.S. VCs poured $11.2 billion into 962 deals, marking the eighth consecutive quarter that VCs have invested more than $10 billion in startups in a single quarter.

http://techcrunch.com/2016/01/15/in-q4-vcs-kept-funding-young-companies-but-slowed-later-bets/