Venture capital firms wrote fewer checks to Colorado companies in 2016 than a year earlier.

The number of Colorado VC deals and dollars fell in 2016 to a low not seen in the past five years, according to the MoneyTree report from PricewaterhouseCoopers LLP and CB Insights, released at 10:01 p.m. MT Tuesday.

Colorado companies attracted $670 million in venture capital last year for 128 deals. That’s down from $1 billion invested in 157 deals in 2015 and a low since 2010 when Colorado companies attracted $486 million in 99 deals.

But declining venture capital investment wasn’t just Colorado’s story.

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