According to Pitchbook’s count, 90 companies closed 105 funding rounds in 2017, compared to 113 companies closing 127 rounds in 2016.

Those 90 companies raised over $140 million, with over $81 million of that coming from angel, seed and early venture capital investment. Over $35 million came from later-stage VC investment; $22 million came from grant funding; and $780,000 came from accelerators.

“The trend in 2016 was mature companies raising significant amounts of capital to carry them for 18 to 24 months, whereas 2017 can be viewed as a `rebuilding’ year, in which younger companies and earlier-stage investments were the dominant trend,” report authors wrote.

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