Measured year over year, VC investments in Q1 took a dive.
Measured year over year, VC investments in Q1 took a dive.
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Startup Genome: Global VC funding dropped 20% since coronavirus crisis began in December

Global venture capital funding has dropped by 20% since the onset of the coronavirus crisis in December 2019, according to a new report by Startup Genome.

The drop was even more pronounced in China, where the pandemic began. China had a drop of over 50% in funding relative to the rest of the world in January and February. The country did see a rebound in March, although with numbers still lower than pre-crisis levels, Startup Genome said.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.