Now might be a good time for a startup to ask for some extra dough.
US venture capital firms have raised $32.4 billion through the third quarter, putting 2016 on pace for a record-breaking year, the National Venture Capital Association said Thursday.
Nearly 2,000 investors put close to $15 billion in financing in more than 1,800 startups in the third quarter alone. That actually marks a decline in the number of companies getting financing.
For the year, VCs have invested $56 billion across 6,000 companies, which puts it on pace to be the second-highest amount of capital invested in a year. Last year it was $78.9 billion.
Software startups continue to be the main attraction, drawing 49 percent of the total invested capital.