Venture capital-backed investment activity peaked in 2015, but analysts don’t expect that 2016 will live up to last year’s record in terms of deals or dollars. In fact, the past three months saw the lowest activity of any quarter over the past two years. In the U.S., seed funding has become especially hard to pin down, according to Venture Pulse, a report released this week by KPMG International and CB Insights. A smaller proportion of deals are early-stage, though the median size of these deals is rather high. Meanwhile, large-sum late-stage deals are less common than they were a couple of years ago.
