MoneyTree Report, $15.3 Billion in VC Deployed to Startups in Q2 2016
Summary
The Biotechnology industry received the second largest amount of venture capital for the quarter, with $1.7 billion invested into 100 deals, representing a 14 percent decrease in dollars and a 19 percent decrease in deals, compared with the previous quarter.Investments in Life Sciences companies accounted for 15 percent of all venture capital deployed to the startup ecosystem in the second quarter.IT Services companies received the third largest amount of venture capital for the quarter with $946 million deployed across 80 deals.Media & Entertainment companies received the fourth largest amount of venture capital for the quarter with $690 million deployed across 95 deals.Of the companies receiving venture capital funding for the first time in the second quarter, Software companies captured the largest share, accounting for 38 percent of the dollars and 41 percent of the deals with $638 million going into 109 deals.