Minnesota

The SIFMA Fact Book is an annual reference containing comprehensive data on the securities industry, capital markets, market activity, investor participation, global markets, savings and investment, and much more. Note: 2018 and 2019 data is projection data

The US venture capital (VC) industry had a record year in 2020. Despite headwinds from the COVID-19 pandemic and the worst recession since the Great Depression, the VC industry posted records for fundraising, investments, and exits. For the third consecutive year, high-growth startups raised more than $130 billion, and 2020 represented the fourth straight year where more than 10,000 venture-backed companies received an investment. At the end of 2020, 1,965 VC firms managed 3,680 venture funds and had approximately $548 billion in US venture capital assets under management (AUM), as well as a record $151 billion in dry powder heading into 2021. In 2020, the US remained the destination for about half of global VC investment dollars, attracting 51% of global capital invested. This year’s share of global investment is up slightly from the 49% reported for 2019 and is eight percentage points higher than the most recent low of 43% in 2018. However, these percentages stand in stark contrast to the 83% global share the US garnered in 2004, when the US held dominant sway over investors, and serves as a good reminder that capital and talent are everywhere.