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Venture Investing Hits Record $19B in Second Quarter – San Francisco Bay Area Hit $9B of $11B in State

There’s plenty of talk about a potential bubble in the market, whether in tech, biotech, or elsewhere. True or not, one fact that’s real is that there is plenty of money flowing into startups. The second quarter of 2015 produced the highest level of venture funding since at least 2010, and possibly longer, according to data released by Dow Jones VentureSource.

The $19.2 billion raised from venture capital firms during this spring and early summer is more than any single quarter since the start of 2010, when the VentureSource data starts. The next closest was the $17.7 billion raised in the fourth quarter of last year, according to the data.

The second quarter of 2015 produced lots of deals, too, at 1,034. The only time there have been more deals in the last 4.5 years was in the second quarter of 2014, which counted 1,038.

Venture funding in the second quarter of 2015 was the highest level since 2000, according to the MoneyTree Report, which may track different deals. That report, compiled by PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters, recorded the second quarter’s funding at $17.5 billion. [MoneyTree data added throughout—Eds.]

Those numbers indicate there may have been plenty of small venture agreements made across the nation. Only three companies received fundings above $500 million: San Francisco’s Airbnb and YourPeople, as well as Greenwood, CO-based FourPoint Energy.

Most of the record-level funding is once again thanks to San Francisco, the data show. The city was responsible for $9 billion of the state’s nearly $11 billion of total venture funding. Deals such as Airbnb’s $1.5 billion late-stage round, as well as Credit Karma’s $175 million Series D, helped San Francisco contribute almost half of the national $19 billion total. (See VentureSource chart below.)

Read more: Xconomy Venture Investing Hits Record $19B in Second Quarter | Xconomy

Venture Funding by City