Venture capital spending nationwide plunged 32% in the fourth quarter, to $11.3 billion, compared to the prior quarter, according to a report released Friday. But 2015 was still the biggest year for VC investment since the dotcom era, clocking in at $58.8 billion.
Meanwhile in the New York area, total VC investment fell 16% to $1.58 billion in the quarter. Investments in companies like e-commerce startup Jet, used-car site Vroom and on-demand domestic services provider Handy contributed to that total.
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