附近上门

May 2021 marked the for global venture funding in the past decade, with venture investors spending聽 $43.7 billion last month, up 50 percent year over year.

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That ranks May behind only two other months that saw greater amounts of venture funding: April 2021, and March 2021, which holds the high-water mark with $54 billion spent by venture investors around the world in a single month.听

This year’s growth in funding to private companies follows an uptick in the value of leading tech stocks since June 2020 alongside an increase in exit valuations in 2021.听

In the IPO markets, above $10 billion so far this year, compared with 12 companies for the whole of 2020. (In prior years from 2017 to 2019, debuts at or above $10 billion were in the single digits with none in 2016.)

in 2021 is also up at $62 billion, almost twice the amount of the first five months of 2020.听

Exits

Southern California companies dominated new public debuts valued above $1 billion in May 2021, while there was a noticeable absence of companies from Silicon Valley.听

The three most notable public debuts in May were companies founded back in the 1990s through to early 2000s —聽 more than 17 years ago. They include Sweden-based nutrition company , Southern California-based construction tech and New York-based website and e-commerce platform .

Leading investors from these IPOs include and in Oatly, 听补苍诲 for Procore and , and for Squarespace.听

In total, 137 unique institutional investors had invested in companies that went public above $1 billion in May 2021. Of those investors, 105 are U.S.-based.听

Active investors

was the most active investor last month, with 21 new portfolio companies, or on average one new portfolio company per working day in May. Of these fundings, the New York-based firm led or co-led 16 of these funding rounds. Tiger Global is the most prolific investor in unicorn startups and has only picked up its already brisk investing pace this year.

and followed Tiger last month, each with 12 new portfolio companies in May, an increase in investing pace for both firms compared with earlier months in 2021. Growth equity firm invested in 11 new portfolio companies last month.听

New unicorns

May saw newly valued created at a fast clip, with 44 new unicorns this past month, or on average more than two per working day. These include the U.S.-based healthy eating app , vocation video company , and college recruiting service . Commission-free broker from Germany, cryptocurrency exchange platform from Mexico, and online customer behavior tracker from France also joined the unicorn ranks in May 2021.听

Tiger Global Management, Accel, Softbank Vision Fund, , and have the highest portfolio count in these new unicorns, each with six to seven portfolio companies in this new batch.听

Venture and PE returns

There鈥檚 a widely held belief in the investment community that only the top sliver of funds generate decent returns. 鈥淭here has been this narrative about investing in VC funds that you have to get into the top quartile (25%) or possibly the top decile (10%) in order to generate good returns,鈥� of wrote earlier .听

But new research seems to dispel that notion. A recent post by , a managing director at , looked at research from the . The study measured returns for funds launched from 2009 to 2017 with exits up until June 2020. The research suggests that closer to 50 percent of funds beat the stock market.听

With the build-up in exits since the third quarter of 2020, these findings (if accurate) suggest even better returns for venture and growth equity investors should the analysis be extended.听

附近上门 Pro queries listed for this article

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Funding & Exits

Unicorn queries

• (853)
• (312)
• (40)
• (93)
• (229)
• (265)
• (39)
• ($97 billion)

Methodology

Funding rounds included in this report are seed, angel, venture, corporate-venture and private-equity rounds in venture-backed companies. This reflects data in 附近上门 as of June 5, 2021.

Please note that all funding values are given in U.S. dollars unless otherwise noted. 附近上门 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to 附近上门 long after the event was announced, foreign currency transactions are converted at the historic spot price.

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