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Laxman Pai, Opalesque Asia: With $157.1 billion raised across 7,687 deals, Global venture capital (VC) investment reached a new high in Q2 2021, said a study.
According to a quarterly report published by KPMG Private Enterprise on VC trends globally, a robust IPO market, high valuations, and a seemingly endless supply of dry powder helped fuel the ongoing increase.
It said that the incredible level of VC investment was buoyed by ten $1 billion+ funding rounds across 8 countries including Sweden-based Northvolt ($2.75 billion) and US-based Waymo ($2.5 billion).
The Americas attracted a record $84.1 billion in investment during Q2'21, with the US accounting for $75.8 billion of this total. The US accounted for $75.8 billion of this investment and 3,297 deals.
In Europe, VC investment continued its strong climb, reaching $34 billion across 1,848 deals in Q2'21 in its sixth straight record quarter.
Meanwhile, VC investment in the Asia-Pacific dipped quarter-over-quarter to $38 billion across 2,066 deals but remained robust compared to historical norms.
While globally fintech was the most attractive sector of investment, health, biotech, edtech, gaming, and food delivery continued to see significant investment activity. Corporate investment was very robust in Q2'21 - accounting for $73.9 billion in investment across 1,70 deals.
In the meantime, VC-backed exit value reached $221 billion in Q2'21 - second only to the record $314 billion seen in Q1'21....................... To view our full article Click here
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