According to the PitchBook-NVCA Venture Monitor report, the activity for venture capital fundraising was robust during the first quarter. There were nearly 3,000 deals that raised over $34 billion, up from 2,800 deals for $31 billion in the previous quarter.
But of course, with the COVID-19 pandemic, the volumes will probably look much worse in the second quarter. Part of this will be the challenges in getting more clarity in certain markets, such as in travel and transportation. But there are also logistical issues because of the stay-at-home orders.
