This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. The number of Q1-2020 funding rounds in the smart buildings space declined 27%, but there was an increase of 84% in transaction values compared to Q4-2019. Venture capital financing is undoubtedly being impacted by COVID-19 but it is too early to say by how much. Quarterly data is volatile and investment is a lagging indicator - deals often take months to be completed. It is likely that in Q1 most deals were completed before the pandemic crisis took hold and the drop off in number of rounds from 79 to 58 is an indication that 2020 funding levels will be lower this year, returning to those seen prior to the last 2 exceptional years. The total value of transactions increased, with deal values up 84% to $1.47 billion from $800 million in Q4-2019. This high deal value can be attributed to several project […]