US VC is swimming in capital

Plus: The future of deep tech, KKR's defining deals, Israel's booming cybersecurity sector and more
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Weekend Pitch
October 17, 2021
Presented by Elements Global Services
(Retrorocket/Getty Images)
Nobody wants to miss out on the great venture capital gravy train of the 21st century.

Earlier this year, Silicon Valley-based IVP closed on $1.8 billion for its 17th and largest flagship venture fund, with a stated strategy of placing bets on later-stage, high-growth tech darlings like Robinhood and Coinbase. That was the firm's official narrative for standing up a big new fund, but arguably this says much more about how fund allocators like pensions and endowments are flooding the VC market so overwhelmingly that venture capitalists are barely treading water trying to keep up.

Such is the magnitude of capital being thrown into the asset class by limited partners, who are racing to up their own VC bets in pursuit of ever more exposure to opportunities in the tech boom.

The latest data amassed by PitchBook paints a dramatic picture of the US venture market: Right after 2020 set new high-water marks in fundraising, deal flow and exits, along came 2021 (or three-quarters of it). And, boom, it already has blown away the old records—even with three more months still remaining on the calendar.

I'm Alexander Davis, this is The Weekend Pitch, and in this edition, we'll take stock of the record-smashing year with a series of visual snapshots capturing highlights of the data. Hit me up with your questions or observations at alec.davis@pitchbook.com, and please follow me on Twitter via @alecdavis.
read more
 
Share:   Email    LinkedIn    Twitter    Facebook
A message from Elements Global Services
Join the revolution: Hire talent and manage compliance anywhere, anytime
The past year has been tough on many companies, but it has made the M&A space more exciting than ever.

Even amid the uncertainty surrounding the global market, M&A activity is on the rise. Focusing on stabilizing their growth and strategic goals, many companies are looking to the world of M&A to make waves globally.

Employer of Record services help organizations gain specialized expertise in global HR, entity management, M&A and finance, helping clients execute corporate transactions and grow their portfolio companies.

Discover more here
Share:   Email    LinkedIn    Twitter    Facebook

Quote/Unquote

(Mark Garlick/Getty Images)
"He who controls the algorithm controls the future.

—Elad Verbin, founding partner at Lunar Ventures.

The German VC firm recently closed its debut vehicle to back software startups in the deep tech sector, making Lunar one of the few specialist investors focused on the next phase of deep tech in Europe.

Datapoints

Henry Kravis and George Roberts in college (Courtesy of KKR)
Henry Kravis and George Roberts, who founded private equity giant KKR in 1976, stepped down as co-CEOs last week.

From dot-com deals gone bust to Toys R Us and Dollar General, check out our 20-year lookback at the dealmaking that defined KKR's transformation into a buyout pioneer and beyond.

Deal Flow

(aelitta/Getty Images)
VC investment in European HR tech startups has hit a record €1.9 billion (about $2.2 billion) so far this year, according to PitchBook data.

Venture investors have been keen to capitalize on the growing need for digital tools—as the global shift to remote or hybrid working transforms the way HR operates across hiring, training and talent retention.

Did you know ...

(Ido Meirovich/Getty Images)
…That cybersecurity startups founded in Israel account for more than a third of global venture capital funding in the sector so far this year?

We took a deep dive into the largest deals and how the Middle Eastern country accounts for an astounding percentage of global cybersecurity deals.
Ads

Recommended reads

Why a lasting effect of the pandemic will be a revolution in worker expectations. [The Atlantic]

The sketchy rhetorical tricks of politicians, celebrities and con men—and how they work. [Bloomberg]

As global leaders prepare for the COP26 summit, the world is in the first big energy shock of the green era. [The Economist]

The battle for Motor City: Why Ford chose Tennessee for its electric factory. [Financial Times]

The death of the "LinkedIn model" fully decouples Chinese social media from the rest of the world. [Fortune]

Dozens of federals judges have reported trading stocks of litigants while they presided over cases involving companies including Walmart, Pfizer and Medtronic. [The Wall Street Journal
This edition of The Weekend Pitch was written by Alexander Davis and Priyamvada Mathur. It was edited by Andrew Woodman, Kate Rainey and Sam Steele.

Were you forwarded The Weekend Pitch? Sign up at pitchbook.com/subscribe.
About PitchBook | Terms of use | Advertise with us | Contact

Follow us:   in   twtr   fb

This email was sent to pitchbook@quicklydone.com via the PitchBook Platform.

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2021 PitchBook Data. All rights reserved.
Venture capital, private equity and M&A financial information technology provider.

No comments: