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.
Source: Quartz