The venture funding industry has been the subject of much speculation in recent months. With murmurs of a possible recession, tech stocks on the decline, and startup investments slowing down, many have wondered if venture capital is still alive and well. Surprisingly enough, last week’s activity showed that it is indeed thriving.
According to reports from CB Insights, there were over 200 deals made involving venture capital firms during the week ending June 14th – an increase of nearly 40% compared to the previous two weeks combined! This surge was led by big names like Sequoia Capital who invested $10 million into a software company called Proximid Technologies Inc., as well as SoftBank Group Corp who put $100 million into online pet care marketplace Rover.com. It appears that despite turbulent economic times these investors are still willing to take risks on promising startups with innovative ideas or products they believe will be successful long-term investments for them.
Overall this news paints an encouraging picture for entrepreneurs looking for financial backing to launch their business ventures or expand existing ones – especially when considering how difficult it can be at times due to lack of available funds or investor confidence in certain industries/regions around the world right now.
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