Unicorns Snag Most Venture Capital in First Half of 2016
- Bigger rounds, fewer startups deals in first two quarters
- Venture funding on pace to match 2015’s record $79 billion
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Uber Technologies Inc., Snapchat Inc. and other unicorns snagged the most funding from venture capitalists in the first half of 2016 as the industry sets pace for another record year.
In total, venture investors plowed $40 billion into U.S. startups during the first half of this year, according to a report Thursday from PitchBook Data Inc., an amount on track to match the $79 billion invested in 2015.