2018's bullish economy is reflected in venture capital and private equity investments. Software drives the majority of deals since software powers just about everything now. Here's where the money is flowing and why. 2018 is a strong economic year, as reflected in venture capital and private equity investments. According to the 2Q Pitchbook-National Venture Capital Association (NVCA) Venture Monitor, $57.5 billion was invested in U.S. VC-backed companies in the second quarter. Ninety-four of the financings involved at least $100 million and 42 unicorns closed deals with valuations of at least $1 billion.