PriceWaterhouseCoopers reports that venture capitalists invested $12.1 Billion in 969 deals in the first quarter of 2016.
Investors moved toward more proven concepts as seed investing declined 10% from last quarter and represented only 3% of all dollars invested, while early stage deals declined 18%.
- the software industry led the industries for invested dollars with $5.1 billion going into 376 deals;
- next was biotech with $1.8 billion going into 118 deals;
- then media/entertainment with $930 million deployed across 109 deals, and
- $2.4 billion moved into 232 internet-specific companies.