While it’s broadly true that deal count is dropping and equity invested is increasing in venture deals with U.S. based companies, that trend wasn’t true for all of the top business sectors that saw venture deals in June 2018.
Overall, June saw 356 venture deals with U.S.-based companies, with total disclosed equity invested at $7.9 billion, compared with 479 deals and $5.7 billion invested in the same month last year.
The computer software sector saw the most deals, with 137 and $3.7 billion invested, compared with 151 deals and $1.8 billion invested the same month the year before. The sector’s biggest deal was San Francisco-based ridesharing company Lyft, which raised $600 million in a round led by Fidelity Management & Research Company.
The internet content sector saw 41 deals, a drop from 55 deals in June 2017, and $489.3 million invested, also a drop from $801.4 million invested the same month a year before. The sector’s biggest deal was San Francisco-based media platform Wikia, which raised $106.4 million in a round led by TPG Growth.
In contrast, the human biotech sector saw an increase in both deal count and equity invested, with 33 deals and $847.9 million invested, compared to 32 deals and $566.2 million invested in June 2017.
Durham, North Carolina-based Precision Biosciences raised $110 million from investors including Amgen, Cowen Capital Partners, F-Prime Capital Partners, Pontifax Management Company, Venbio Partners, Vivo Capital, the Longevity Fund, Brace Pharma Capital, Alexandria Venture Investments, ArrowMark Partners, Osage University Partners, Agent Capital, OCV Management, and Ridgeback Capital.
The internet ecommerce sector also saw a drop in both deal count and equity, with 30 deals and nearly $560 million invested, compared to 45 deals and $791.4 million raised in the same month the year before. Boston-based business catering company ezCater raised $100 million from investors including Insight Venture Partners and Wellington Management Company.
Lastly, the medical therapeutics sector saw 11 deals with $270.2 million invested, compared to 20 deals and $162.9 million invested in June 2017. Littleton, Massachusetts-based Mevion Medical Systems raised $37.5 million from investors including China Everbright and Hope Investments Management Company.
Below are the top 10 deals in each of the top investment sectors in June 2018.