![]() Following an uptick during the second half of 2020, angel and seed deal financing momentum continued in Q1, tracking the highest quarterly total of deals and topping $2.5 billion in deal value for the fourth consecutive quarter. ![]() VC deal activity saw $69.0 billion invested across an estimated 3,987 deals in the first quarter of 2021. NVCA will continue to work hard to engage Capitol Hill on key areas of upcoming policy proposals that could benefit the venture industry." Investments into infrastructure, climate, and research and development have the potential to help spur new company formation, if implemented correctly. "A key opportunity for US VC and startups will be if the new Biden Administration and Congress enact key policies crucial to the startup ecosystem as they pursue the president's Build Back Better agenda. As the nation recovers from the COVID-19 pandemic, high-growth startups are well-positioned to help the economy recover and grow," said Bobby Franklin, President and CEO of NVCA. "The US venture industry started off 2021 with a record quarter, possibly heralding a strong year for startups across the country. ![]() "With record levels of VC fundraising in 2020 and dry powder still sitting at all-time highs, investors continue to write ever-larger checks at both the early and late stage, which has only been fueled further by nontraditional investors looking to capitalize on the VC investment universe and valuation growth before liquidity." Elevated VC activity across investments, fundraising and exits are already on track to set new records by the end of the year," said John Gabbert, founder and CEO of PitchBook. "On the heels of an unpredictable yet record-setting 2020, the US venture ecosystem is off to a strong start in the first quarter of 2021. PitchBook and NVCA will also be hosting a webinar in partnership with Silicon Valley Bank and Secfi on May 5, 2021 from 10:00 – 11:00 am PDT. To download the full report and data packs, please click here. While direct listings have remained slightly under the radar, there are a handful of multi-billion-dollar direct listings expected to close in the coming year and this route to liquidity could continue to be utilized by the most valuable VC-backed businesses due to both time and cost savings. On the liquidity side, VC-backed exit activity remained strong in the first quarter due to robust activity on the broader public listing market. Many of 2020's fundraising tailwinds continued into 2021, and the uptick in mega-funds ($500 million+) further cemented the success that established managers have found during the pandemic. While much of the world has yet to return to a pre-pandemic normal, angel, seed and early-stage deal activity is seeing sustained momentum in line with the last few years. ![]() In fact, mega-deal value in the first quarter of 2021 already accounts for over half of all mega-deal investments from the full year 2020. The proliferation of mega-deals ($100 million+), once considered to be anomalies a few years ago, have become commonplace. SEATTLE, Ap/PRNewswire/ - Venture capital (VC) dealmaking started strong in the first quarter of 2021 with an uptick in mega-deals and increased participation of nontraditional investors, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem jointly produced by PitchBook and the National Venture Capital Association (NVCA), with support from Silicon Valley Bank and Secfi.
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