There were 138 corporate-backed deals in October, down from 198 funding rounds in the same month last year. Investment value, however, doubled to $10.2bn from $5.1bn last year.
The deal count last month also dropped compared with September this year, when there were 194 rounds. October’s is the lowest monthly deal count recorded this year by GCV Analytics.
Total capital invested in corporate-backed rounds in October, however, was higher than the previous month’s $8.31bn, a 23% increase.
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