Progress Ventures Q4 2018 Newsletter

2018 was a banner year in venture capital. Regardless of which resource is reporting, the year marked the highest annual total in venture investments since the number topped $100B in 2000. According to the latest Pitchbook-NVCA Venture Monitor report, VCs invested over $130B across 8,948 deals in 2018, while PwC MoneyTree pegs the number at $99.5B across 5,536 deals. Reduced number of investments and increased frequency of “mega-rounds” continue to bump the average deal size up, with 61.9% of capital invested coming from rounds in excess of $50M.

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