MONTHLY DEAL BOOK: Investment Increases For Fourth Month In A Row And Passes USD7bn

The summer months normally see the pace of VC investment slow down as investors and founders trade in board rooms for beach towels. However, this year is bucking the trend and July saw venture capital investment in the digital sector grow for the fourth consecutive month. Total funding came in at USD7.04bn, the most invested in a single month since December. That number is up from just USD4.6bn in the same month last year and USD2.1bn in 2013.