Venture capital investments in U.S. startups fall by 12%

Venture capital (VC) investments in American startups fell by 12% in 2016, making USD 69,1 billion.

VentureBeat reports that this was released in the joint report by PitchBook and National Venture Capital Association.

Let us remind for comparison that USD 79.3 billion was invested in 2015.

“After a couple of years of frenzied investments and lofty company valuations, the venture capital ecosystem is moving away from a financing peak and returning to a normal, healthy investment climate,” PitchBook founder and CEO John Gabbert remarked.

According to the report, USD 69.1 billion was invested across 7751 companies. At the same time venture firms still raised USD 41.6 billion across 253 funds. Firms raising funds above USD 1 billion last year involved Andreessen Horowitz, Kleiner Perkins Caufield & Byers, and Greylock Partners.

VC firms hope that 2017 will be the luckiest year, including on the account of IPO (Initial Public Offering) market.