May 16, 2016, 3:06 PM
Bay Area markets (that’s Silicon Valley, San Francisco and San Francisco Peninsula) raised $3.3 billion in funding during the first three months of 2016.
San Francisco and software companies in particular received the bulk of funding, including Lyft, which closed a $1.0B mega round.
Startups are certainly still raking in money, but funding has slowed. The number of VC deals fell by 11 percent in Q1, primarily because investors are cautious of valuation differences between private and public markets.
Research: Christan Basconcillo | Editor: Lillian Veley