With the books closed on the last few venture capital deals of 2018, we have more definitive insights into how Heartland startups fared with fundraising last year compared to years prior.
According to a report issued by PitchBook and the National Venture Capital Association, U.S. startups raised $130 billion last year. As has been the case for the past several years, the bulk of that increase in funding was driven by California-based startups, which raised nearly $77.3 billion in 2018, compared to $41.3 billion in 2017.
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Story excerpt provided by VentureBeat.
Written by Anna Hensel.
Originally published January 16, 2018.