Startup exits, deal values and venture capital raised hit record highs in 2020

Despite the turmoil caused by the COVID-19 pandemic in 2020, the U.S. venture capital industry posted new records for the year, according to the just-released PitchBook-NVCA Venture Monitor fourth-quarter 2020 report.

For the year, the sector hit record highs in total exit value, deal value and capital raised by venture capital funds. Exit value was the second-highest on record. One notable trend was an increasingly concentrated industry with divergent outcomes for established players and newcomers. READ MORE