More than 4,800 startups that applied for federal PPP loans in the coronavirus-led shutdown had raised venture funding in the last 2 years

· According to new data from CB Insights, 2,267 investor-backed startups that applied for federal assistance through the Paycheck Protection Program had raised outside funding in 2019. That was the largest single group of applicants.
· Three of the top five investors whose portfolio companies applied for loans were startup...