Internet Startups Still Win More VC Funding

Internet startups are still winning over venture capitalists in a big way, scoring twice the amount of funding that healthcare startups got this past quarter, according to an analysis by PwC and CB Insights. VC’s gave $10 billion in over 500 deals in the internet sector, while healthcare startups won the second most deals and money. This quarter healthcare companies won just shy of $5 billion in capital funding across 180 deals.

These two sectors attracted the most attention of any other type of startup. Mobile and telecom companies and non-internet software companies did not generate the same type of funding as the two mainstays for venture capital.

Overall this year, healthcare startups with tech backbones won the most money as well. In a recent report by StartUpHealth, companies that focused on improving access to care issues, reducing costs, or curing diseases generated the most funding from the venture capitalist. Many of those health goals have optimization and, therefore, technological solutions, at the heart of their companies. Tech has helped blend various sectors, which investors see and want to fund more of.