Global VC investment hits $126.6 billion in Q1’21 shattering the Q4’20 record of $98.2 billion.
Global VC investment hits $126.6 billion in Q1’21 shattering the Q4’20 record of $98.2b.
Unprecedented number of “Unicorn births” with 64 in the U.S.
Record exit value of $147.6 billion in Asia as global VC-backed exits achieve high of $283.8 billion
Q1'21 saw the global VC market move at an incredible pace, with record levels of investment in Europe, the US and the Americas fueling a significant surge in total global VC funding, according to the Q1'21 edition of Venture Pulse - a quarterly report published by KPMG Private Enterprise.
Quarterly VC investment flew past the $100 billion mark for the first time, reaching $126.9 billion globally across 6,508 deals during Q1'21, up from the previous record of $98.2 billion across 7,329 deals achieved in Q4'20.
A record nine $1 billion+ mega-deals by companies located in the US, Asia, and Europe helped drive the surge, contributing over $16 billion to the quarterly global investment total - including a $3.4 billion raise by US-based Robinhood, a $3 billion raise by China-base Xingsheng Selected, and a $1.29 billion raise by Sweden-based Klarna.
After a banner quarter of $209.5 billion in exit value across 649 exits in Q4'20, VC-backed exit activity rose even further, with $283.8 billion across 667 exits in Q1'21.
“Between traditional IPOs, direct listings, secondary listings, and SPAC mergers, the global exit market has blown wide open” said Conor Moore, Co-Leader, KPMG Private Enterprise Emerging Giants Network, KPMG International. “Interest in SPACs has been incredible during the first quarter of 2021, with companies across the globe looking at SPACs as an opportunity to go public more quickly. Given the number of SPACs being created, this will likely remain a hot exit option throughout 2021 and into 2022.”
*All figures are in USD
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