Big bets on companies like Snapchat, Pinterest and Lyft helped drive overall VC investment in tech companies to USD5.6bn in May, up slightly from USD5.4bn in April and means that monthly global tech investment in the space has now surpassed USD5bn every month since the beginning of the year.
At a time where half-billion dollar investments are becoming more commonplace, it can be easy to lose sight of just how high levels of investment currently are. Compared to this time last year, the numbers for May are up 56%, which works out as a difference of USD2bn. Compared to the same month in 2013, global backing for digital and tech investment in May is up 195%. With regional tech hubs outside the US, from Oslo and Estonia to Singapore, attracting more investment as their ecosystems mature, we can expect these numbers to continue swelling as the year wears on.