Investors don’t have an unlimited appetite for cybersecurity firms after all. Venture capital investment in security startups in the first two months of this year is down from years past. The downward trend started gaining steam in 2019 and continued into the beginning of 2020, even before the COVID-19 pandemic sent the economy into a freefall. Forty-three venture capital deals have closed so far this year, compared to 103 deals in the first two months of 2018, and 91 deals over the same period in 2018, according to research from DataTribe, a venture capital firm known for its investments in security businesses like Dragos and Enveil. “Given that the venture investments typically take one or two quarters to close, it’s unlikely that COVID-19 is the driver behind this downdraft in early 2020 deal volume,” DataTribe co-founder Mike Janke wrote in a research paper published Thursday. “However, looking ahead we can […]
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