TLDR:
- Private equity-venture capital firms invested $1.7 billion in 72 deals in February 2024, a $400 million increase from the previous year.
- Collective investments in Jan-Feb 2024 amounted to $4.5 billion, a $1 billion jump from the same period in 2023.
Private equity-venture capital firms saw an increase in investments in February 2024, with a total of 72 deals amounting to $1.7 billion. This marked a significant rise of $400 million from the same period in the previous year. Data from Venture Intelligence revealed that the combined investments in January and February 2024 reached $4.5 billion, showing a notable increase of $1 billion from the corresponding period in 2023, which saw investments totaling $3.5 billion.
The largest investment made in February was led by the National Investment and Infrastructure Fund (NIIF) in iBus, a communications technology firm, with a sizable investment of $200 million.
Overall, the surge in private equity-venture capital deals in February 2024 reflects a positive trend in the investment landscape, with a notable increase in funding compared to the previous year.
