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In nine months, the US VC industry turned 2021 into a year for the record books, leaving 2020’s eye-popping numbers far behind.

The Q3 2021 PitchBook-NVCA Venture Monitor, sponsored by SVB and Affinity, depicts how the frenetic pace of dealmaking, exits and fundraising has easily toppled last year’s records, as VC’s strength continues to support the country’s economic recovery. Highlights from Q3 include:

– Exit value reached $187 billion, pushing the total for 2021 past $582 billion—more than twice 2020’s record figure.

– An explosion of mega-rounds ($100 million-plus) drove over $49 billion in deal value, as the annual total surpassed $238 billion.

– 161 funds closed, as high exit values and growing deal sizes keep VC fundraising on pace to break the once-unfathomable $100 billion mark.

– The rise of nontraditional investors remains an ongoing storyline; through Sept. 30, this group took part in rounds accounting for 33.5% of the year’s deal count but 77% of its value.

To download the full report, please click here (free registration).

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