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- Unicorns took the largest share of venture capital in history this past quarter
July 11, 2016
Unicorns have had a rough time lately. But they are not hurting for cash.
In the second quarter of this year, companies valued at $1 billion or more raked in $8.78 billion in venture capital, the highest amount on record and 40% of all venture investment during the period. That’s double the share that went to the startup world’s unicorns last year, reports the private equity research firm Pitchbook
. The analysis suggests investors are shoveling large amounts of capital into fewer deals, rather than splashing out on newer companies.