2017 marked another record year for deals backed by venture capital (VC). About 11,144 deals for a total of $182 billion were announced in 2017, according to Preqin, an information provider for the alternative assets industry. Total deal value beat the 2015 record by over $30 billion.
However, the number of financings were 14% less than in 2015. The largest deal was the $5.5 billion funding of China’s Didi Chuxing. This is the second largest VC deal in the past decade, and the largest Asia-based VC deal ever.
Also, VC-backed exits rose from the 2016 levels, with 1,151 exits worth $71 billion.