U.S. venture capital financing organizations brought $23 billion up in the last quarter of 2019, down 42.5 percent from a similar period a year prior, as indicated by a report by CB Insights and PWC discharged on Tuesday.
The report came as worries about valuation rise, started by failures of a few prominent tech IPOs and the crisis of office-sharing startup WeWork.
Regardless of the lower subsidizing, new businesses a year ago got $108 billion in investments from U.S. venture capital companies, making it the third-greatest year regularly, as indicated by the report. New companies got $118 billion out of 2018 and a record $119 billion in 2000, the year before the tech bubble burst.
The quantity of U.S.- based unicorns denoted another record of 199 toward the finish of 2019, up from 149 toward the finish of 2018. Unicorns are privately held organizations esteemed at least $1 billion.
Mega-rounds, agreements that are $100 million and greater, additionally dropped in the final quarter to 38 with an absolute $7.3 billion raised, from 54 in the final quarter of 2018 with an all-out $25.3 billion raised, as indicated by the report.
Softbank Group Corp took part in four of the five greatest rounds, including a venture for WeWork, which rejected its IPO in September amid an open investor founder contest.
The final quarter decrease in subsidizing and mega-rounds followed that occasion.