Support services companies around the world invested a record sum in 2016, committing $6.81bn across 182 deals in multiple sectors that are becoming increasingly digitised
GCV Analytics defines services broadly. In our database, the term encompasses not only business services such as human resources, logistics and supply chain, real estate, legal, professional and corporate communication services, but also consumer-facing services such as accommodation and travel, classifieds and review platforms, education and education technology (edtech).
While the year-on-year increase in deal numbers was incremental, rising to 188 from 179 rounds in 2015, investment was more than double the $2.67bn allocated in 2015, and almost five times…
