When it comes to the economy as a whole, describing a slowdown is the norm as the COVID-19 pandemic continues. In venture capital, however, it’s picking up. VC investment dollars hit a seven-quarter high in the U.S. in the third quarter of 2020: A total of $36.5 billion was invested in U.S. tech and healthcare companies, according to data from the MoneyTree Report by PwC/CB Insights. That’s up 30% from the second quarter. The total number of deals rose to 1,461 investments in companies, up 1% over the prior quarter.
It’s the second straight quarter of growth, indicating that a slowdown toward the end of March as the pandemic set in didn’t become the norm.
Image: Whitebox's Baltimore team inside its Curtis Bay HQ. (Courtesy photo)
