24 Sep 2021
Posted in Technology
US start-ups raked in US$219.3bn VC funding during first eight months of 2021
US-based startups raised the highest venture capital (VC) funding during January-August 2021 globally. A total of 8,832 VC funding deals were announced in the US during January-August 2021, while the disclosed funding value of these deals stood at US$219.3bn, according to GlobalData, a leading data and analytics company.
VC funding activity in 2021 so far has been showcasing a fluctuating trend in the US, with August marking the second consecutive month of decline in deal value and volume after a rebound in June. VC deal value and volume decreased by 11.7% and 20.7% in August compared to the previous month.
However, the decline did not deter the US from occupying the top spot in the global VC funding landscape accounting for about 45% and 50% of the total deal volume and value during January-August 2021, respectively.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Some months are witnessing decline in VC funding activity as the market conditions continue to remain volatile. However, amid cautiousness, the US remains the favorite destination for VC investors who continue to see the country as a promising market to park their funds.”
Some of the notable VC funding deals announced during January-August 2021 in the US included US$3.4bn capital raising by Robinhood in two different funding rounds, US$2.6bn raised by Databricks in two different funding rounds, US$1.5bn raised by Articulate Global and US$1.2bn raised by GoBrands (goPuff), among others.