MoneyTree Report: Q2 funding activity hit records with Colorado ranked No. 6

Friday July 13, 2018 0 comments Tags: Colorado, PwC MoneyTree Report

LONDON -- Colorado ranked No. 6 on the MoneyTree Report for the most U.S.-based venture capital funded deals in the second quarter of 2018.pwc-moneytree-logo

Colorado reported 41 deals in the PwC/CB Insights MoneyTree Report during the second quarter, raising $448 million.

According to the report, the top 10 states for Q2 2018 deals were:

  1. California – 586
  2. New York – 189
  3. Massachusetts – 113
  4. Texas – 68
  5. Washington – 51
  6. Colorado – 41
  7. Illinois – 30
  8. Pennsylvania – 28
  9. Virginia – 25
  10. Florida – 24

Colorado was also No. 4 on MoneyTree’s list of most cybersecurity deals during the quarter with 4, raising $16 million.

For the U.S. as a whole, the top five sectors receiving funding were:

  1. Internet
  2. Healthcare
  3. Mobile and telecommunications
  4. Software
  5. Consumer products and services.

The U.S. hit records for number of deals, dollars raised and mega-rounds during the quarter, April through June.

The report noted there were 45 mega-rounds of $100 million or more.

Funding to artificial intelligence companies rose 21 percent over the previous quarter to $2.3 billion.

Dollars for VC-backed companies was up 2 percent over the previous quarter with a record $23 billion invested in 1,416 deals nationwide.

To view the entire report, click here.