Cbinsights-风险投资状况报告-关于私人市场公司交易、融资和退出的全球数据和分析（英）-2021-273页_7mb

State of Venture 2021 Summary

Core Content Overview

The State of Venture 2021 report provides a comprehensive analysis of global venture capital trends, including dealmaking, funding, and exits, highlighting key statistics and insights from the year.

Key Highlights

Unicorns

• Total unicorns: 959, up 69% YoY.
• Decacorns (startups with $10B+ valuations): 44.
• Fintech unicorns: 1 in every 4, making it the most represented sector.

Global Venture Funding

• Total global funding: $621B, more than double the $294B in 2020.
• Q4 2021 funding: $176.4B, the 6th straight quarter of growth.
• US funding: $311B, accounting for half of the global total.
• Asia funding: $176B, up 89% YoY, making it the top region for funding in 2021.

Mega-Rounds

• Total mega-rounds: 1,556, with $100M+ rounds surpassing 1,000 for the first time in 2021.
• Mega-rounds funding share: 59% of total funding, despite comprising only 5% of all deals.
• US mega-rounds: 230, Asia: 265, Europe: 168.

Main Trends

Deal Volume

• Global deals: 12,485 in 2021, surpassing the US for the first time in 7 years.
• Asia deal share: 36%, leading all regions.
• Early-stage deals: Accounted for 55% of total deals in the US, signaling a robust market for 2022.

M&A Exits

• Global M&A exits: 10,792, up 58% YoY.
• SPAC exits: Median valuation jumped to $1.6B, more than double the $547M median IPO valuation.
• SPAC growth: 247% increase in completed SPACs in 2021, though potential regulation may slow this trend in 2022.

Top Investors

Top 10 Investors by Company Count

Regional Insights

Top Funding by Region

• Silicon Valley: $105B, leading the US with a double increase from 2020.
• New York: $55B, up threefold from 2020.
• Boston: $32B, bolstered by the biotech sector.
• Asia: $176B, leading in both deal share and funding.
• Europe: $168B, with a strong presence in tech and innovation.

Deal Share by Region

• Asia: 36% of global deals, leading all regions.
• US: 23% of global deals.
• Europe: 16% of global deals.
• LatAm: 13% of global deals.
• Other regions: 13% of global deals.

Sector Spotlights

Fintech

• Funding: $132B, accounting for 21% of all venture funding.
• Growth: Up 169% YoY from $49B in 2020.
• Early-stage deals: Highest proportion of any sector, indicating potential for growth in 2022.

Other Sectors

• Digital Health: Strong performance with significant funding and deal activity.
• Retail Tech: Active in dealmaking, especially in the US.
• Mental Health/Wellness Tech: A growing niche with increasing interest.
• E-Commerce: Strong deal share, especially in the US and China.
• Supply Chain & Logistics Tech: Increasing investment due to global supply chain challenges.

Conclusion

2021 marked a record year for venture capital, with a significant increase in unicorn count, funding, and M&A activity. Fintech emerged as a dominant sector, while Asia took the lead in both deal volume and funding. The US remained the largest market, but Asia's rapid growth signals a shift in the global venture landscape. Mega-rounds and SPAC exits were notable trends, with the latter showing potential for regulatory changes in 2022. Key investors like Tiger Global and SOSV played pivotal roles, and early-stage deals continued to drive innovation and growth.