Report shows slowed startup funding in St. Louis

Venture capitalists, according to PwC’s MoneyTree Report, invested $10.6 billion spread over nearly 1,000 deals nationwide in the third quarter, a 32 percent dip in terms of money invested and a 11 percent decrease in the total amount of deals when compared to the same time period last year.

In Missouri, VCs invested $68 million over six deals, most of which came from the St. Louis area. Those figures are down from $44.8 million over nine deals in the second quarter and $107.6 million over 18 deals in the third quarter of 2015.

So far in 2016, investors have pumped $171 million into 29 deals, down slightly from last year’s pace of $184.3 million over 34 deals.

The biggest venture deals locally included Tioma Therapeutics’ $86 million round led by Clayton-based RiverVest and Veniti’s $25 million raise in September.

Read more: St. Louis Business Journal

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