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PwC MoneyTree™

PwC MoneyTree is the go-to source for Venture Capital firms and high-growth startups.

US MoneyTree Reporting: Q1 2021

Q1’21 investments surge to new quarterly record: US-based, VC-backed companies raise over $64B in Q1’21. 185 mega-rounds take place, Deal activity in all stages except seed is up in this quarter.

After the first quarter of 2021, YTD funding is nearly half of total funding in 2020, setting a strong pace for the rest of the year. Deal activity increases to 1,736 deals, up 14% YoY and 5% compared to Q4’20.

The number of quarterly mega-rounds hits a new high as 185 US-based companies raise rounds of $100M+ in Q1’21, versus 102 mega-rounds in Q4’20. Mega-round investments also set a new quarterly record at $42B in Q1’21. Mega-round deal share accounts for nearly two-thirds of total funding in Q1’21 at 65%.

While deal activity for seed-stage rounds is down in Q1’21 compared to Q4’20, deal activity for Series A and later rounds all show quarterly increases in Q1’21.

Click here to read the Q1 2021 MoneyTree Headline Report

Click here to see the Healthcare MoneyTree analysis

Important Announcement Concerning the MoneyTree™ Report

Please be advised that PwC will no longer publish the MoneyTree™ report following the publication of the Q1, 2021 edition. While no new data or reports will be published, this site will remain active through April 7, 2022 where users can access previous versions of the MoneyTree™ report.

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Tom Ciccolella

US Assurance, Partner, PwC US

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