Consumer and retail companies looking for VC dollars will be facing far more scrutiny as investor focus shifts to profitability, a KPMG report on VC funding finds.
What they're saying: “While there is plenty of capital to be deployed, the due diligence with respect to investments in general has increased which extends time lines and, in some cases, eliminates certain targets from being considered for investment,” Conor Moore, a national leader at KPMG U.S. Private Enterprise tells Axios in an emailed statement.
