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Laxman Pai, Opalesque Asia:

Global VC investment showed no signs of stopping in Q3 2021, setting a record for the third-straight time with $171.7 billion across 8,682 deals.

According to the Q3 2021 edition of KPMG's Venture Pulse, an incredible amount of dry powder, increasing participation by less traditional VC investors, and robust exit opportunities helped keep the VC market very healthy.

"This is the second-highest quarter of VC investment after Q2 2018," said the report.

A record 11 deals at or over $1 billion during the quarter helped propel VC investment to the new high. India-based Flipkart raised $3.6 billion in the largest deal of Q3 2021, followed by US-based Rivian ($2.5 billion) and Generate ($2 billion.

Other companies that raised $1 billion+ funding rounds included India-based Byju ($1.7 billion), US-based Databricks ($1.6 billion), China-based Svolt ($1.58 billion), US-based Articulate ($1.5 billion) US-based Devoted Health ($1.2 billion), Brazil-based Nubank ($1.1 billion), US-based Chime ($1.1 billion), and US-based GoPuff ($1 billion).

Global exit activity remained robust - with $292 billion in exit value across 780 deals in Q3 2021. This helped propel YTD totals over $1 trillion - more than double the previous high of $468 billion (set in 2020) with one quarter left in the year.

"The word 'record' has been a recurring theme each quarter when it comes to reporting on global VC investment and CVC investment, not to mentio......................

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