SFCED | San Francisco Center for Economic Development


Venture Capital Dollars Invested Rose in the Bay Area

Despite the continuation of a decline in the number of funding deals in the region, more venture money went to Bay Area startups in 2017.

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While the number of deals done dropped by about a thirds from last year, $33.5 billion was still invested in VC-backed businesses.

According to a report from the National Venture Capital Association and PitchBook Data., the biggest drop has come at the angel and seed funding level with a 30% decline in deals compared to 2016.

Later stage funding of unicorns and more mature companies on the other hand actually rose. Though they made up only about 1% of last year’s deals, they received nearly 23% of the dollars invested.

Read more: San Francisco Business Times, The Venture Gap: Dollars invested rose in Bay Area despite 6-year low in number of deals