With $13 billion in total investment, Q2 2014 was the strongest for venture capital investment since the days of the dot com bubble. For some sectors anyway.
According to a recent report by PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), Q2’s showing represents 1,114 deals, and a 34 percent increase in spending over Q1.
The prosperity, however, was not quite shared equally. Of the 17 business sectors surveyed, nine saw their funding levels actually decrease. Taking the biggest hit? Business products and services which saw their funding dollars plunge a massive 69 percent, according to reporting by VentureBeat.
The big winner in Q2? Software—with $6.1 billion. However, some of those results may be somewhat skewed—half of the top 10 biggest deals made during the quarter were in software—and one company, Uber, was the largest quarterly deal ever included in the MoneyTree Report. That investment also represents around half of the $2.7 billion that was invested in 270 Internet-based businesses.
Expansion state deals in, on average, around $18 million. Seed stage investments were up around 46 percent with an average of $3.4 million, and late state investments were up 25 percent and clocked in at an average $14 million.
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