CNBC April 9, 2021
Key Points
– Venture funding in the U.S. hit $64 billion in the first quarter, according to analysis from Ernst & Young, using data from Crunchbase.
– That’s the highest amount ever for a single quarter and equal to 43% of all the venture money raised in 2020.
– “A year ago everybody thought we were sliding into the abyss,” said Jeff Grabow, U.S. venture capital leader at Ernst & Young
Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding.
Venture-backed companies raised $64 billion in the first three months of the...
Today's Sponsors
Today's Sponsor