VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased...

|By:, SA News Editor

VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of "mega-deals" (Yammer's $85M round was Q1's largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals) hit a new record. Going forward, Facebook/Instagram is expected to produce a pickup in funding for mobile startups, which totaled $435M in Q1. (previous)