The chart above is a national overview of the spread of investment value according to the stage of the deal. The chart shows that in 2019, the majority of investment deals in terms of value (36.5%), went towards the start-up phase. This was followed by 30.9% share invested in the growth stage and 23.6% share in later-stage deals. The contributions for these the Startup stage of deals has declined since 2017, whereas the contributions toward the growth and later stages have grown from 2018 to 2019. The share of investments towards buyout and replacement increased in 2019, while the share of seed and rescue/turnaround declined in 2019.