U.S. enterprise firms raised a third more money than consumer tech companies, according to PitchBook data, at US$30.42 billion and US$23.26 billion, respectively. It’s the first time in at least five years that enterprise funding has surpassed consumer tech. (Bloomberg)

Talking point: Though the data also notes that the “undetermined” category—companies that can’t be easily sorted into either enterprise or consumer—regularly surpasses both in terms of funding, it still marks a shift in venture capital investment. Part of the reason is how companies’ debuts have gone last year: while the stocks of enterprise firms like Zoom Video Communications remain high post-IPO, consumer tech companies like Uber and Lyft have struggled. But another benefit to enterprise startups is a relative lack of industry giants in enterprise tech acquiring smaller players, while the specialization required to develop such software makes it difficult to replicate.