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A majority of venture capital funds believe that the seed stage of funding for start-ups will see maximum activity during the year while the average deal size will be between USD 1 million and USD 5 million, a survey says.

According to a survey by News Corp-owned VCCircle Network, the year will not be good for start-ups looking to raise funds in Series B, C and D as venture capital investors believe that valuations for these rounds will drop.