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Unicorns Soak Up Most Venture Capital This Year

Unicorn

Venture capital investment is heading toward another record year, and so far unicorns like Snapchat and Uber have gotten the most cash.

At mid-year venture capitalists have already thrown $40B into US startups, according to a report from PitchBook Data, Bloomberg reports. That puts venture capital investment on pace to match or exceed the $79B invested last year.

Most of that money has been going to unicorns—private companies valued at $1B or more—but there is still plenty of money up for grabs for smaller startups. Still, most of the investments are of the larger sort—66% of all venture capital invested this year has come in checks worth $25M or more. [Bloomberg]