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VC Firms Have Raised $32 Billion So Far This Year

Venture capital is on track for its biggest year since the dot-com era. VCs are raising money earlier than normal in case economic conditions worsen, and as the size of endowments and pension funds are growing.

Despite the large amounts of cash raised, venture firms appear to be taking a more cautious tack when it comes to spending. Last quarter, venture firms deployed $15 billion to startups, the lowest amount since the first quarter of 2014. They concentrated their bets on fewer companies, with about 1,800 funded last quarter, marking the fifth straight decline in the number of companies receiving venture investment.

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financings