According to Pitchbook data, we see that Venture Capitalists are gaining more access to the industrial markets.
Indeed, in 2018 mostly $6 billion were invested into startups within the industrial, engineering & construction, power, energy, mining & materials, and mobility segments. In dollars terms, it represents a 30 percent annual rate of growth provided by the VCs (up from $750 million in 2010). Those investments as a portion of industry revenue and profit
Startups tightening belts as investors grow more selective
However, uncertainty still remains about exit opportunities for technology companies that serve these industries. Therefore, we will not know for a few years about the returns impact of these rising valuations.