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Robust end to 2019 with US$63.1 billion raised by VC-backed companies in the fourth quarter, according to KPMG Private Enterprise's Venture Pulse report

Second highest year of global VC investment ever at $257 billionTORONTO, Jan. 15, 2020 /CNW/ - The final quarter of 2019 brought a small uptick in VC investment globally, with $63.1 billion in VC investment across 4,289 deals, led by a $6.55 billion corporate investment in The We Company a?? a strategic investment by Softbank following WeWork's failed IPO. Given the array of political and economic uncertainties affecting most regions of the world in Q4'19, it is notable that the Americas, China, India, and Europe all saw at least one $1 billion+ deal during the quarter. As a whole, 2019 was a very strong and relatively stable year for VC funding, with $257 billion raised across the globe a?? the second highest level on record next to 2018's over $300 billion, according to the Q4'19 edition of KPMG Private Enterprise's Venture Pulse report. The robust results are notable given the year did not include any massive $10 billion+ megadeals like those raised by Juul ($12.8 billion) and Ant Financial ($14 billion) in 2018.A A  "The results highlight the strength that comes with having a diversity of growing startup ecosystems around the world. While different jurisdictions may have experienced challenges at different points of 2019, VC investment in others picked up the slack," explained Kevin Smith Co-Leader, KPMG Private Enterprise Emerging Giants Network, KPMG International and EMA Head of KPMG Private Enterprise. "Europe, in particular, shattered its previous annual high of VC investment, attracting $37.5 billion in 2019 and set a new record, with 18 new unicorns in 2019 compared to 12 in 2018 and only 6 in 2017.A  The breadth and diversity of Europe's VC market and growing innovation ecosystems continued to attract deep pocketed investors from across the globe, with companies in the UK, Germany, the Netherlands, Spain, Lithuania, Israel, and France all attracting $100 million+ funding rounds."Q4'19 Highlights
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