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U.S. VC deals drop as valuations inch higher

Through Sept. 30, 6,583 venture capital deals closed in the U.S. with a combined valuation of $84.3 billion. Deal values are already up 2.8% from the full year 2017, while the number of deals through the first nine months are currently down almost 30% compared to the 12-month period.

Despite the data being through only the first nine months, VC investors have shown less confidence in the riskier end of the market, the angel or seed stage of the VC lifecycle. Those deals, typically based on promising but unproven businesses, saw only 785 deals close in the third quarter, down from an average of 1,065 over the past four quarters and 1,146 over the past 12 quarters.