It’s a good time to be raising money as an enterprise startup.
For the first three quarters of the year, U.S. venture funding for enterprise services increased 42 percent to $18.6 billion from $13 billion the same period a year ago, according to Dow Jones VentureSource. By contrast, venture funding for consumer information and media services declined 7.1 percent to $429 million from $462 million the previous year.
All told, 20 enterprise startups, from Dropbox to New Relic, were valued at between $1 billion and $10 billion as of June. The valuations have grown despite some rocky enterprise IPOs—and some, like Box—that have been put on ice.