US-based startups received a grand total of $286.6 billion from venture capital (VC) investors between January and October 2021, according to GlobalData. The leading data and analytics company notes that this makes the US one of the most lucrative countries, in terms of VC funding, globally. The figure was amassed as part of 10,908 VC funding deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Globally, the fresh surge in COVID-19 cases has dented investor confidence. While this has also taken a toll on funding activity in the US, with both the value and volume of deals being down in October compared to the previous month, the country still continues to be VC firms’ favorite investment destination.”

While September saw an uplift, deal volume has been consistently declining since July 2021. VC deal volume decreased by 17.2% in October month-on-month (MoM) and value decreased by 24.5%. Nevertheless, the US continues to hold the lion’s share of the global VC funding landscape, and accounted for a respective 44.1% and 53.1% of the total volume and value of VC deals announced during January to October 2021.

Bose continues: “Some of the notable VC funding deals in the US included the $2.4 billion raised by Robinhood Financial, $2 billion raised by GM Cruise Holdings, $1.6 billion raised by Databricks, $1.5 billion raised by Articulate, $1.2 billion funding raised by Devoted Health and around $1 billion raised by Thrasio.”