Venture capital funding is hitting an all time high, doubling from last year's figures.
In the first half of 2021, worldwide venture capital funding totalled to over $288 billion in investments, according to Crunchbase.
Key Highlights
- Venture capital funding for the first half of this year has more than doubled from the previous year's.
- A total of $288 billion was invested in just the first 6 months of 2021.
- Last year's funding stood at $110 billion during the same period.
Why It Matters
- A large amount of the funding went into late-stage companies, totalling close to $200 billion.
- At present, more than 1,600 companies across the globe have raised late-stage funding so far.
- 250 new companies have become "unicorns" (valued at over $1 billion) in the 6 month period, as compared to only 161 new unicorns for the whole of 2020.
- More than half of these new unicorn companies are headquartered in the United States.
