This report was updated on January 14, 2022 to account for an error in deal data.
Fundraising tops $100 billion in a record year for venture capital
The VC industry has closed another remarkable year for the record books, despite the ongoing pandemic and growing adversities such as economy-wide supply chain woes and labor shortages.
The Q4 2021 PitchBook-NVCA Venture Monitor, sponsored by Insperity, depicts how the frenetic pace of dealmaking, exits and fundraising in 2021 toppled previous records, even as the pandemic’s future trajectory remains unknown.
- US VC-backed companies raised nearly $330 billion in 2021–roughly double the previous record of $166.6 billion raised in 2020.
- Nontraditional investors such as corporate VC funds, hedge funds, PE firms and sovereign wealth funds participated in nearly 77% of total annual deal value.
- Exits were a huge part of the story of 2021, with more than $774 billion in annual exit value created by VC-backed companies that either went public or were acquired.
- Early-stage VC deal activity in 2021 nearly doubled the prior record and eclipsed $80 billion for the first time ever.