If your venture capitalist (VC) tells you that they will be unable to invest due to low funds in the company, they are most definitely lying. According to a new article by TechCrunch , VCs have invested a whopping $12.1 billion in the first quarter of this year.
The article, which cites National Venture Capital Association data, states that this has been the best start to a year since the dot-com boom in 2001, and the investment trend is likely to continue. The largest deal of the quarter was cinched by taxi aggregator Lyft, which completed a $1 billion financing round. Florida-based augmented reality start-up Magic Leap raised an insane $794 million. Sunnova Energy, Uber and Flatiron Health are also members of the top five.
“It was a choppy market but deals were getting done,” said Neeraj Agrawal, general partner at Battery Ventures. “I don’t think there is a bubble.”
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