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Laxman Pai, Opalesque Asia: Global venture funding in 2021 broke records across the board as venture investment last year totaled $643 billion, compared to $335 billion for 2020-marking 92% growth year over year, said a report.
According to the Crunchbase report, the investment last year was up more than 10x what it was a decade earlier.
"The figures underscore a dramatic change in the startup funding environment in the past year. Consider that at the end of 2020, almost a year into the pandemic, global venture investment had grown around 4 percent year over year," it said.
Amid 2021's meteoric increase in funding, late-stage and technology growth-stage startups raised $196 billion more than in the previous year, for a total of $413 billion in global venture funding raised at Series C or later, it said.
According to the report, early-stage startups, meanwhile, raised $100 billion more last year than in 2020, collectively raising $201 billion, Crunchbase data shows. Seed-stage startups raised $10 billion more in funding in 2021, for a total of $29.4 billion.
Unicorn startups-those private companies valued at $1 billion-plus-were minted at an unprecedented pace in 2021, averaging more than 10 each week.
Financial services raised more venture investment in 2021-the most year-over-year growth among leading industries-than any other sector, followed by health care, e-commerce, and transportation.
"Less than a decade ago, annual global ...................... To view our full article Click here
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