Exits top $582 billion as US VC continues its extraordinary year
In nine months, the US venture capital industry turned 2021 into a year for the record books, leaving 2020's eye-popping numbers far behind.
The Q3 2021 PitchBook-NVCA Venture Monitor depicts how the frenetic pace of dealmaking, exits, and fundraising has easily toppled last year's records, as venture capital's strength continues to support the country's economic recovery.
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- Exit value reached $187 billion, pushing the total for 2021 past $582 billion—more than twice 2020's record figure.
- An explosion of mega-rounds ($100 million+) drove more than $49 billion in deal value, as the annual total surpassed $238 billion.
- 161 funds closed, as high exit values and growing deal sizes keep venture capital fundraising on pace to break the once-unfathomable $100 billion mark.
- The rise of nontraditional investors remains an ongoing storyline; through Sept. 30, this group took part in rounds accounting for 33.5% of the year’s deal count but 77% of its value.