**Overall trend: deal count grew sharply in 2015, then shrank steadily from early 2016. Typical deal size moved the other way and rose. There is no clear seasonal pattern.** **Deal volume (rising, then falling)** - Monthly deals rose from 51 in Jan 2015 to 97–98 in Jul–Aug 2015. Volume peaked at 104 in Jan 2016. - From there it declined. Monthly deals were mostly 70–100 through 2016, 43–72 in 2017, and 7–42 in 2018, with Dec 2018 at 7. - By year, deals went 929 (2015), 993 (2016), 687 (2017), 309 (2018), 111 (2019) and 7 (2020, January only). - Treat 2019–2020 with caution. The monthly figures I could see for Jan and Feb 2019 are only 3 deals each, yet the 2019 total is 111. The rows for later months were cut off, so I can't confirm the coverage. The late years may reflect a thinner or differently sourced record rather than a true collapse. **Deal size (rising even as count fell)** - The median disclosed deal was about $1.5M in 2015 and $1.0M in 2016. It then climbed to $2.25M in 2017, $3.9M in 2018, $12M in 2019 and $9M in 2020. - Fewer but larger deals suggests the market shifted toward bigger rounds, or that smaller deals were reported less often later on. **Total dollars (flat to spiky, no clean trend)** - Yearly totals were about $8.6B (2015), $10.4B (2017), $5.1B (2018) and $9.7B (2019). The 2016 total came back as `nan` because some amounts could not be parsed, so I can't compare it. - Monthly totals are dominated by a few mega-deals. Aug 2017 reached $2.75B and Mar 2017 $2.26B, while most months sit between $0.2B and $0.6B. The median deal in Aug 2017 was only $0.8M. Month-to-month dollar swings therefore say little about the underlying trend. **Seasonality** - I see no repeating calendar pattern. The jump in mid-2015 (Jun onward) looks like a one-off step up that held for the rest of the year, not a seasonal peak. It is not matched by a similar rise in mid-2016. **Data-quality caveats** - One deal has a date parsed as year "15" (Jul 2015). Seven deals have no date at all. - Only about 60–70% of deals have a disclosed amount, and that share varies by month. - My attempt at a cleaner year-level breakdown with a regex failed on the blank dates, so the yearly figures above come from the earlier query. ```chart {"kind":"line","x":"month","series":["deals"],"title":"Monthly funding deals"} ```