Hello reader,

Welcome to the July 2020 issue of The Dealmaker.

Q2 2020 was truly unprecedented for the venture capital (VC) industry as the COVID-19 pandemic shook the entire country; however, the venture industry largely proved resilient. Fundraising remained strong as VC mega-funds ($500 million+) have been especially prolific in 2020 with 24 closed so far, which nearly equals the full-year number for 2019. Deal activity has been mixed with the overall deal count dipping while strength in late-stage financings sustains aggregate capital investment.

Here are some of the most important M&A news we have read this month: