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Before the COVID-19 pandemic shook up the world and reshaped the economic system, Boston was quietly setting data.
According to new enterprise knowledge compiled by , the area set what was a minimum of an area most in enterprise capital raised in the area of a single quarter in Q1 2020.
But whereas Boston’s startup market introduced a variety of large rounds that bolstered its whole enterprise {dollars} raised in the primary quarter, there have been indicators of weak spot: Deal quantity was its finest since Q2 2019, in accordance with a set of knowledge compiled and released by PwC and CB Insights, however was nonetheless somewhat below the tempo set in 2018.
So Boston’s startups raised plenty of cash, however couldn’t match prior highs when it got here to the variety of checks written. And these outcomes have been largely recorded earlier than COVID-19 shuttered the town. Since then, we’ve seen a variety of space startups lay off workers, something we explored last week.
Now, with recent knowledge in hand, we will take a more in-depth have a look at the town’s first quarter of 2020. To higher perceive what we’re unpacking, we requested a variety of native enterprise capitalists to weigh in. Let’s look again at Boston’s Q1 as we stride into Q2 with the assistance of Venture Lane, .406 Ventures, Volition Capital and Flybridge Capital Partners.
The knowledge
Starting with a programming notice is counter-flow, however bear with us. is beginning an everyday, month-to-month collection on Boston and its startup market. This is a second prelude of kinds. Normally we’d maintain information and interviews for a later date in order that we’d have loads of materials for a column. In the face of relentless change, nevertheless, we didn’t need to maintain off on reporting and synthesizing new data. When issues are extra regular, our tempo will observe.
Per PwC and CB Insights, right here’s the previous few quarters of knowledge, together with a couple of yearly totals to attract you the image we will now see:
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