Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about One Massive Deal Boosted DC Venture Capital In Q4
Venture Capital

One Massive Deal Boosted DC Venture Capital In Q4

by posted 2years ago 2128 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.