After December suggested a marked slowdown in venture capital investment January experienced a surge in funding. Total global investment reached almost USD12bn, the largest total for a single month tracked in recent years. It represents a year-on-year increase of 101% and a jump of 244% on the USD3.4bn raised in December 2015.
The total figure was driven up by a glut of USD100m+ and USD1bn+ rounds, which were noticeably missing in December. During January four rounds closed at more than USD1bn and the USD3.3bn raised in a Series F round by Meituan-Dianping, a group deals site created through the merger of rival Meituan and Dianping, was the largest-ever investment round taken by a private, venture-backed firm. While monster Chinese deals helped drive the total figure there was an uptick in funding on a global scale.