Q3 2020 showed the strength of the VC market through the pandemic. According to our new deal count estimates, Q3 deal count surpassed Q2’s, increasing at nearly every stage. Near $38 billion was invested over the quarter, as well, taking 2020’s total deal value to more than $112 billion. These figures are driven largely by the number of VC mega-deals ($100 million+), which are already nearing 2019’s total. Exits also saw a huge quarter, as $103.9 billion in exit value was realized, the second-highest quarterly total in our dataset. In addition to the high levels of dry powder, another large quarter has taken 2020’s fundraising total above 2019’s full-year figure, ensuring that there is plenty of capital for the US VC industry to continue its growth.
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