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PitchBook-NVCA Venture Monitor

Q3 2020

PitchBook-NVCA Venture Monitor

October 12, 2020

PitchBook-NVCA Venture Monitor
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Note: This is an older edition from this report series. Here is a link to the most recent edition of the PitchBook-NVCA Venture Monitor.

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.

This report was sponsored by NVCA, in partnership with Silicon Valley Bank and Certent. Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.