Startup funding surges in Q3 despite bubble fears: survey

Washington

INVESTORS poured increasing amounts of cash into startups in the third quarter, defying fears of a bubble in the tech sector, a survey showed on Wednesday. A total of 1,799 venture-backed startups around the world pulled in US$37.6 billion in funding in the quarter, the highest since 2001, according to the survey by CB Insights and KPMG.

The vast majority of the funding - 77 per cent in the quarter - went to technology startups, according to the report. The largest other segment was healthcare, including digital health startups, taking in 12 per cent.