Venture capital funding in the U.S. surged to its second-highest quarter on record in the third quarter, driven once again by megarounds.
The data released today comes from PwC/CB Insights’ “headline report” of key findings ahead of its full quarterly MoneyTree venture capital report due to be released later this month.
For the third quarter, venture capital funding in the U.S. hit $36.5 billion, up 30% from the second quarter and up 22% year-over-year. The historical record is $40.5 billion in the fourth quarter of 2018, making the third quarter also the highest quarter for funding in seven quarters.
