July Sets A Record For Number Of $100M+ Venture Capital Rounds
"In July 2018, the tech sector’s leisure class—venture capitalists—kicked investments into overdrive, at least when it comes to financing supergiant venture rounds of $100 million or more (in native or as-converted USD values).
With 55 deals accounting for just over $15 billion at time of writing, July likely set an all-time record for the number of huge venture deals struck in a single month.
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The table below has just the top ten largest rounds from the month. A full list of all the supergiant venture rounds can be found at the end of this article.
Source: https://news.crunchbase.com/news
It’s certainly a record high for the past decade. . . .Why is this happening? As with most things in entrepreneurial finance, context matters.
All this being said, there’s little sign that the market is slowing down. Crunchbase has already records four rounds north of $100 million in the first two days of August. Most notably, ride-hailing company Grab snagged another $1 billion in funding (after gulping down $1 billion last month) at a post-money valuation of $11 billion.
If you believe the stereotypes, venture investors are either already on vacation or packing their bags for late summer jaunts to exotic locales at this time of year. But, as it turns out, raising money is always in season. So even though the dog days of summer are upon us, August could end up being just as wild as July.
