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VC investments to US-based companies hit a 7-quarter high at $36.5B, up 22% year-over-year (YoY) and 30% from Q2’20. The quarterly increase in deal activity is more modest: 1,461 VC deals take place in Q3’20, a 1% increase from 1,440 deals in Q2’20. While deal activity has shown small increases each quarter this year, Q3’20 deals are still down 11% YoY amid the pandemic.
Global deal activity and funding see quarterly rises. North America, Asia, and Europe see combined funding of $71.9B in Q3’20, a historical record: Global VC funding rises over 40% in Q3’20 compared to Q2’20.
Number of quarterly mega-rounds climbs to a new record: Mega-rounds drive funding gains as 88 US-based companies raise rounds worth $100M or more in Q3’20, surpassing the record set in Q2’20. Most of the top metros see an increase in investments: While quarterly deal activity declines in six of the top ten metros, only two see a decline in investments in Q3’20, as mega-rounds drive funding gains across major metros.
Seed deals rise for the second consecutive quarter, continue their recovery after a sharp drop-off in Q4’19.
The PwC MoneyTree website is home to the PwC/CB Insights quarterly MoneyTree Report. It contains historical trend data (beginning in 1995), updates on the Venture Capital and high-growth startups ecosystem and relevant insights from PwC’s emerging company services and venture capital tax, audit and advisory professionals. The PwC/CB Insights MoneyTree Report is the definitive source of information on venture capital investments in emerging companies. This study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.