Venture funding soared to record $64 billion in Q1

Venture funding in the U.S. hit $64 billion in the first quarter, according to analysis from Ernst & Young, using data from Crunchbase. That’s the highest amount ever for a single quarter and equal to 43% of all the venture money raised in 2020. “A year ago everybody thought we were sliding into the abyss,” said Jeff Grabow, U.S. venture capital leader at Ernst & Young

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