Matt Carbonara, Managing Director, Venture Investing at Citi Ventures, investing in early-stage startups in the United States.
As the technological world rapidly evolves, venture capital always strives to follow closely behind. With a seemingly daily influx of innovations coming to market, there’s certainly no shortage of trends to chase for investors looking for the next hot growth opportunity. Our constant challenge is to look past mere flashes-in-the-pan, identifying long-term secular trends that are here to stay.
Here’s a strong indicator of one such shift: Enterprise technology companies attracted $30.42 billion in funding last year, outpacing their consumer-tech peers (by a third) for the first time in at least five years. This recent trend reflects a deeper evolution at play, located at the intersection of software development, adoption of cloud technology and data analysis, and as investors have clearly wagered, we’re still at the early stages of this sea