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Laxman Pai, Opalesque Asia: US-based startups held the lion's share of global venture capital (VC) funding from January to July 2021 and accounted for more than 44% and 52% of the total deal volume and value during the period, said a study.
According to the GlobalData report, a total of 7,360 VC funding deals were announced in the US from January to July 2021, while the disclosed funding value of these deals stood at US$185.9bn.
Deal activity in 2021 so far has been showcasing a fluctuating month-on-month trend in the US with deal value declining in March, April, and May after February, which saw an improvement.
Deal volume saw an improvement in March but declined again for two straight months before seeing an improvement again in June, which registered growth in deal value as well. However, July reversed the growth with both deal volume and value decreasing by 27% and 18% compared to the previous month.
Some of the notable VC funding deals announced during January to July 2021 in the US included US$2.4bn and US$1bn funding raised by Robinhood in two different funding rounds; US$1.5bn raised by Articulate Global; US$1.2bn raised by GoBrands (goPuff); and US$1bn funding raised by Databricks.
Aurojyoti Bose, the Lead Analyst at GlobalData, said: "The US continues to maintain its dominance in the global VC funding landscape, with no other country coming close to what American start-ups have raised. Interestingly, of all the countries, the US also announce...................... To view our full article Click here
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