According to the research conducted by CB Insights, in 2018, venture capital-funded companies attracted a record $ 39.57 bln from investors all over the world. This is 120% more than in the previous year, Reuters reports.
The most significant jump in the number of deals in 2018 was performed in Asia, with an increase of 38% over the previous year, and the total investment amounted to a record $22.65 bln.
Venture groups are investing billions of dollars in fintech companies, striving to capture the market share, offering simpler and cheaper digital financial services over the legacy players. While the project funding reached a record high in 2018, CB Insights believes that this would likely lead to the postponing of the initial public offerings. “IPO activity is likely to remain lackluster in 2019,” the research reads.
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