Global venture capital investment reached a record high of $171 billion in 3Q21 up from $93 billion in 3Q20.
“3Q21 was an incredible quarter for VC investment globally as investors continued to pour money into late stage megadeals, including a record 11 deals of over $1 billion,” said Jonathan Lavender, Global Head KPMG Private Enterprise. “Both the Americas and the US set new records for VC investment, while Asia attracted the most funding since 2Q18 — and it’s second highest quarter of VC investment ever.”
US venture capital investment reached a national high of $83 billion and almost doubled between 4Q20 and 1Q21. The largest deal was the $2.5 billion founding round of EV company Rivian, followed by sustainable energy infrastructure company generate with $2 billion and AI firms Databricks’ $1.6 billion raise.
Particularly hot investment areas are fintech and healthtech, impelled according to KPMG, by the growing diversity of companies in these sectors. The consultancy foresees environment, social and governance (ESG) related venture capital investments increasing into the future.
The largest venture capital round was Flipkart in Bangalore, India, with $3.6 billion followed by Rivian.
