Startups are still raising capital despite COVID-19’s impact on the economy, says Cyware’s CEO and cofounder. What’s changed are the steps in the pas de deux.
It’s been a haul of a year for startups on the search for capital from VCs and other funding sources. Even without a global recession, fewer than half of seed-funded companies receive Series A funding. And with 68% of investors believing the pandemic would have a negative impact on early-stage investments, many business leaders expected that number to fall even further.
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