US-based start-ups raised US$258.9bn VC funding during Q1-Q3 2021, finds GlobalData

The US held the lion’s share of the global venture capital (VC) funding landscape during Q1-Q3 2021, accounting for 44.5% of the number of deals announced globally and 52.8% of the corresponding deal value, finds GlobalData. The leading data and analytics company notes that a total of 9,963 VC funding deals were announced in the US during the period, while the disclosed funding value of these deals stood at US$258.9bn.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in 2021 so far has been showcasing a fluctuating trend in the US. Deal value has been declining since July, however, it rebounded solidly in September. Deal volume, after showcasing some improvement in June, continued to decline thereafter. In September, deal volume decreased by 23.6%, while deal value improved by 22.5% compared to the previous month.

“Improving funding levels despite a decline in volume is a sign that VC investors are making selective bets, but are not averse to placing big investments in promising start-ups.”

Some of the notable VC funding deals announced in the US during Q1-Q3 2021 included US$2.4bn funding raised by Robinhood Financial, US$2bn funding raised by GM Cruise Holdings, US$1.6bn raised by Databricks, US$1bn funding raised by Epic Games and around US$850m raised by Space Exploration Technologies, among others.

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