Venture firms raised record amounts of money in 2021 and they put that money to work in record amounts, as well.
Compared to 2020, 2021 saw 27% more deals, and capital invested increased by a whopping 98% to nearly $330 billion. In fact, each quarter in 2021 outdid the last, with four new quarterly deal value records set in succession.
Year-over-year increases in deal count and deal value were seen across all stages, with the increases in capital invested at the early and later stages being the most pronounced. The number of mega rounds of over $100 million rose from 335 to 819 and had an outsized impact on the increasing amounts of early stage and later stage capital invested.
Increase in capital invested
Increase in deals
Becca Szkutak, Forbes
Everett Randle, Founders Fund
Read more insights in our detailed Web3 analysis into why the sector is attracting more interest from developers, investors, and consumers than ever before.