The annual NVCA Yearbook documents trends and analysis of venture capital activity in the United States from the past year and capturing historical data and information about venture’s role in fueling entrepreneurship in America.
The NVCA Yearbook is an annual publication that provides statistics on the size and impact of the U.S. venture industry, investments into startups, capital raised and managed by venture capital firms, and exit activity either through an initial public offering (IPO) or merger and acquisition (M&A).
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Takeaways from the most recent NVCA Yearbook:
GLOBAL VC INVESTMENT
The U.S. accounted for 49% of $683 billion invested globally and 40% of just over 40,000 VC deals.
296 VC-backed public listings generated $681.5 billion in exit value in 2021, including 181 VC-backed IPOs that represented $512 billion. These 181 IPOs collectively had a post-money valuation of $614 billion, stemming from just $60.8 billion in VC funding invested prior to IPO. VC-backed IPOs accounted for nearly 20% of total U.S. IPO count last year.
ASSETS UNDER MANAGEMENT
VC AUM reached $995 billion at the end of 2021, including $222 billion in dry powder. These assets were managed by 2,889 firms and 5,338 funds.
Venture capital compared by year:
MEDIAN U.S. VC FUND SIZE
The median size of VC funds in the traditional venture hubs of California, Massachusetts, and New York is $60M. Outside those states, the median is $29M: