2,Executive summary,Q2 2020,VC deals to US-based, VC-backed companies see quarterly increase but are down 18% YoY in Q220 Deal activity sees 3% quarterly rise in Q220: 1,374 US deals take place in Q220, up from 1,336 in Q120. Despite the quarterly increase, Q220 deals fall 18% YoY. US-based, VC-backed companies raise $26.9bn in Q220, down less than 1% from Q120. YTD funding and deal activity decline 7% and 16% YoY, respectively. Number of quarterly mega-rounds hits a new record: 69 companies r
