$58 billion: That’s the number of venture capital dollars invested in 3,912 companies so far in 2018.
In Massachusetts specifically, $6.1 billion was invested in 311 deals so far this year. The US venture capital ecosystem is shifting shape and the new normal is one where capital is concentrated into fewer, larger deals. The Boston area saw a bunch of these including Scout Exchange and Xebia Labs, which raised $100 million each.
More than 20 percent of total VC financing — or $11.8 billion in 2018 — was invested in VC-backed unicorns. Boston area unicorn startup Moderna Therapeutics, valued at $7 billion, raised $500 million in February, and Circle, valued at $3 billion, raised $110 million in a Series E round in May.Read Complete Article