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Laxman Pai, Opalesque Asia: By every measure, 2020 was a big year for venture capital as the VC funds set new records in deal-making, exits, and fundraising last year said a study.
According to a new report from PitchBook and the National Venture Capital Association, the deal value topped $150 billion for the first time, while exit value hit a record $290 billion after a surge of public listings in the second half of the year.
Meanwhile, new venture capital funds raised $73.6 billion, surpassing the 2018 high of $68.1 billion, according to the report.
Aggregate exit value in Q4 2020 reached $138.2 billion, bringing the annual total to $290.1 billion and surpassing the historic total of 2019. Exit value was propelled largely by the opening IPO window in the second half of the year, while exit count remained essentially flat at an estimated 1,101.
The strength of the venture exit environment was not isolated to IPOs, as M&A and buyout activity also proved resilient in 2020, especially on an exit count basis.
In Q4 2020, $38.8 billion was invested into US startups, totaling $156.2 billion invested last year, up from $138.1 billion in 2019 and topping $150 billion for the first time ever.
The earliest stages of the venture were the most jeopardized at the outset of the pandemic, but as activity surged in Q4, the angel and seed market showed to be near fully adjusted to the new market dynamics, with deal activity at these stages reaching their highest...................... To view our full article Click here
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