North America continued to attract the major chunk of global venture capital (VC) funding during the third quarter (Q3) of 2019, according to GlobalData, a leading data and analytics company.
North America accounted for 48.5% of the global VC investment volume and 52.4% of the investment value in Q3 2019, followed by Asia-Pacific (APAC) with 29.7% and 28.7% of the global VC investment volume and value, respectively.
Despite none of the countries witnessing billion-dollar funding during Q3 2019 and the prevailing economic and geopolitical uncertainties in some of the countries, the global VC funding activity remained strong. The growth was primarily driven by strong VC funding in North America and Europe. On the other hand, VC funding activity in APAC remained weak.