U.S. startups raised $130 billion in record-smashing year for venture capital

AXIOS January 14, 2021
Dan Primack

Just weeks into the pandemic, we reported that venture capitalists were still doing deals, even though their offices were closed and their flights were canceled. But we didn’t quite foresee the WFH gusto.

Driving the news: U.S.-based venture capital hit an all-time record in 2020.

By the numbers: U.S. startups raised $130 billion last year, topping the prior high of $120 billion set back in the dotcom craze of 2000, per the MoneyTree report.

• PitchBook has a slightly higher 2020 total ($156 billion), but we’re highlighting MoneyTree because it existed back in 2000 (albeit with some different partners and methodologies). PitchBook wasn’t founded until 2007.
• MoneyTree reports that the number of 2020 deals was not only well below 2000,...

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