PricewaterhouseCoopers published its quarterly MoneyTree Report Friday showing that startups of all stripes garnered a total of $10.6 billion through 891 deals nationwide. However, the deal value and the number of deals fell 36 percent and 25 percent respectively from the same quarter last year.
The same overall trend was repeated in the life sciences industry. In the third quarter, venture capitalists pumped $2.49 billion into that startup ecosystem down from $3 billion in the same quarter in 2015. The report, based on data from Thomson Reuters, show that the number of deals also fell to 156 from 210 in the same period a year ago.
