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One Massive Deal Boosted DC Venture Capital In Q4

by dcinno.streetwise.co posted 1year ago 2081 views
While the numbers might indicate that Washington, D.C. area startups saw a lot of venture capital flowing their way in the fourth quarter of 2016, that's almost entirely thanks to the $1.2 billion raised in December by Internet satellite startup OneWeb according to a new report from CB Insights. The SoftBank-led round dwarfed the $241 million raised by the rest of the region for the quarter. OneWeb's funding was the largest funding of the quarter globally, easily outstripping the number two in the U.S., the $210 million raised by WeWork, and the number two on the planet, the $500 million raised by Chinese mobile software services company Yixia.