2021 NVCA Yearbook

The annual NVCA Yearbook documents trends and analysis of venture capital activity in the United States from the past year and capturing historical data and information about venture’s role in fueling entrepreneurship in America. It provides statistics on the size and impact of the U.S. venture industry, investments into startups, capital raised and managed by venture capital firms, and exit activity either through an initial public offering (IPO) or merger and acquisition (M&A).

Key Takeaways: 

  • Global VC Investment – While global venture investment has increased, the share going to U.S. startups has declined, from 84% in 2004 to 51% in 2020.
  • 2020 U.S. IPOS – 103 venture-backed companies went public in 2020, accounting for 22% of all U.S. IPOs last year. These 103 companies represented $222b in value at IPO. VC-backed companies comprised 42% of all U.S. IPOs from 1974 to 2014.
  • Assets Under Management – Venture capital compared with other asset classes: $74.5b raised via VC funds in 2020 to deploy to promising startups
  • Median U.S. VC Fund Size – The median size of VC funds in the traditional venture hubs of California, Massachusetts, and New York is $100M. Outside those states, the median is $24.6M.
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