Venture capital investment in tech firms fell 11% in May compared to April, but was up 27% year-on-year. That there was only a slight fall compared to April is notable as in May there were no rounds anything like as large as the USD4.5bn raised by Ant Financial. The largest round for May went to social network Snapchat, which took USD1.8bn.
> Total funding reached USD7.1bn in May 2016.
> This is down 11% compared to the USD8.1bn raised in April and up 27% compared to the USD5.6bn raised last May.