VC Media Activity May Have Hit A High-Water Mark

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VC Media Activity May Have Hit A High-Water Mark

The year was 2014. Two darlings of online media in the 21st century, BuzzFeed and Vice Media, had just raised a combined $550 million in two separate fundings, with BuzzFeed reaching an $850 million valuation and Vice’s worth soaring to a reported $2.5 billion.

That same year, investors completed 945 new VC deals in the consumer-focused media space, an all-time high. Early-stage investors were entering the entertainment business like never before.

In terms of pure deal flow, it would prove to be a high-water mark. In the years since, the quantity of completed VC financings in the global B2C media industry has plummeted, falling to just 541 during 2016, according to the PitchBook Platform, a drop of nearly 50%.

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The average amount of capital invested in those deals, though, is trending in the opposite direction. That figure rose from $4.1 mill