Venture capital and technology companies attracted $40 billion in investment in 2018

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Financial and technology venture capital companies attracted global investment of $39.57 billion in 2018, Reuters reports. This is 120% more than the rate of 2107 years. The number of deals rose to 1,707 units from 1,480 in 2017. More than half of the total investment accounted for transactions worth more than $100 million. The largest investment was made in Ant Financial, a payment subsidiary of Alibaba Group holding Ltd. The deal cost $14 billion. Last year, five more financial and technology companies reached a capitalization of $1 billion: credit card manufacturer Brex, digital bank Monzo and data aggregator Plaid. Sector companies are increasing their market share and receiving billions of dollars in investment. In the US, financial technology companies received $11.89 billion for 659 transactions. In Europe, there were fewer deals than last year. However, their total value rose to a record $3.53.

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