Before the COVID-1 9 pandemic shook up the world and reshaped their own economies, Boston was quietly defining records.
According to new crusade data compiled by TechCrunch, the region prepared what was at least a local peak in venture capital raised in the gap of a single quarter in Q1 2020.
But while Boston’s startup market announced a number of huge rounds that bolstered its total gues dollars raised in the first quarter, there is indeed signals of weakness: Deal volume was its best since Q2 2019, are consistent with a laid of data compiled and released by PwC and CB Insights, but was still a little under the pace set in 2018.
So Boston’s startups elevated lots of money, but couldn’t match prior highs when it came to the number of checks written. And those results were largely recorded before COVID-1 9 shuttered the city. Since then, we’ve seen a number of area startups lay off staff, something we explored last week.
Now, with fresh data in hand, we can take a closer look at the city’s first quarter of 2020. To better understand what we’re unpacking, we queried a number of regional venture capitalists to weigh in. Let’s look back at Boston’s Q1 as we stride into Q2 with the help of Venture Lane, . 406 Endeavours, Volition Capital and Flybridge Capital Partners.
Starting with a programming note is counter-flow, but bear with us. TechCrunch is starting a regular, monthly succession on Boston and its startup market. This is a second prelude of sorts. Normally we’d hold news and interrogations for a last-minute time so that we’d have batch of cloth for a column. In the face of relentless alteration, nonetheless, we didn’t want to hold off on reporting and synthesizing new information. When things are more ordinary, our speed will follow.
Per PwC and CB Insights, here’s the last few quarterss of data, along with a few yearly totals to draw you the picture we can now identify 😛 TAGEND
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