MoneyTree report ranks Colorado No. 4 for most VC-backed deals in Q3 2018

Wednesday October 10, 2018 0 comments Tags: PwC MoneyTree Report

COLORADO -- The PwC MoneyTree Report for Q3 2018 ranks Colorado No. 4 on the list of Top 10 U.S. states for venture capital-backed deals during the quarter.pwc-moneytree-logo

The report said Colorado had 48 VC deals close during the July-September period, totaling $419 million.

California had by far the highest number of deals in Q3 with 477.

For the whole U.S., VC-backed companies raised nearly $28 billion. That total was up by 17 percent over the previous quarter on 1,229 deals.

The quarter also saw a record number of unicorn companies -- those valued at $1 billion or more -- with 119.

According to the report, the Top 10 states for deals in Q3 were:

  • California, 477 deals
  • New York, 153
  • Massachusetts, 114
  • Colorado, 48
  • Washington, 43
  • Texas, 42
  • Illinois, 32
  • Florida, 29
  • Pennsylvania, 23
  • Maryland, 21

To view the entire report, click here.