We’ve been hearing all year about the calamitous state of venture funding. The decline in technology stocks, the revaluation of the “unicorns” and the general sense of unease about the economy (Trump, anyone?) has led to a tightening of the pure strings in venture capital land.
But while the purse-strings have certainly tightened, the fact remains that venture capital companies still have cash they need to invest. The funds who give money to the VCs to invest for them certainly don’t want to hear that those funds are simply sitting in a bank account awaiting deployment.
And so deals are still happening—arguably a little more modestly, but happening nonetheless. A case in point is Distil Networks, which today is announcing Series C funding.