1#Q3VC?2018KPMGInternationalCooperative(“KPMGInternational”).KPMGInternationalprovidesnoclientservicesandisaSwissentitywithwhichtheindependentmemberfirmsoftheKPMGnetworkareaffiliated.VenturePulseQ32018Globalanalysisofventurefunding10October20182#Q3VC?2018KPMGInternationalCooperative(“KPMGInternational”).KPMGInternationalprovidesnoclientservicesandisaSwissentitywithwhichtheindependentmemberfirmsoftheKPMGnetworkareaffiliated.WelcomeWelcometotheQ3’18editionofKPMGEnterprise’sVenturePulse—aquarterlyreporthighlightingthekeytrends,opportunities,andchallengesfacingtheventurecapitalmarketgloballyandinkeyjurisdictionsaroundtheworld,includingtheAmericas,AsiaandEurope.GlobalVCinvestmentreachedanewannualinvestmenthighthisquarter—confirming2018asamassiveyearfortheVCmarketgloballywith3monthsofinvestmentstilltogo.WhiletotalVCinvestmentdropp