The D.C. region remained a hotbed of venture capital investments in the second quarter, as both individual companies and investment funds continued to raise eye-popping sums, according to newly released data.
Although overall investments in local companies declined during the quarter, many individual companies took in more dollars, at a gargantuan average of $177.6 million apiece, versus an average of $147.1 million in the first quarter, according to the most recent PitchBook-NVCA Venture Monitor report, published each quarter by data firm PitchBook and the National Venture Capital Association with Insperity and J.P. Morgan.
Altogether, D.C. companies received an aggregate 76 investments totaling $1.35 billion for the quarter, compared with 104 investments worth $1.53 billion in the first quarter and 87 investments totaling $1.4 billion in last year’s second quarter.
Meanwhile, local venture capital, private equity and other investment funds raked in roughly $1.8 billion combined…
Read the full story from the Washington Business Journal.
