James Langton
Thanks to a strong fourth quarter, global venture capital (VC) investment topped US$300 billion in 2020, according to a new report from KPMG LLP.
With $80.8 billion (all figures in U.S. dollars) in fourth quarter investment, global VC funding totalled $300.5 billion for the year, which is the second highest total on record, trailing only 2018’s $329.7 billion.
KPMG said that the strong fourth quarter was “driven by a continued resurgence of investment activity in Asia, particularly in China,” but that activity also remained robust in Europe and the Americas.
Indeed, both the Americas region and Europe set full-year records for VC investment, with $164.3 billion in the Americas (including a record $156.2 billion in the U.S.) and $49 billion in Europe.