2022-01-13-CBInsights-2021风投报告（英）_273页_7mb

CB Insights State of Venture Global 2021 Summary

State of Venture Global 2021

Key Developments Q4 2021: CB Insights reports that global venture capital reached record highs in 2021, with total financing exceeding $621B, up 111% YoY, driven largely by a strong performance in the US and Asia. The US commanded $311B (107% YoY growth), while Asia reached $52.6B, leading in deal volume with a 36% global share. The number of unicorns (valued at $1B+) surpassed 959, representing a 69% year-over-year increase.

Key Highlights

• Massive Dealmaking: Global RVCA (Recur创业板) mega-rounds (worth $100M+) surpassed 1,500, accounting for roughly 5% of total deals but nearly 40% of funding. US funding surged 89 YoY to $176B in Q4.
• Sector Spotlight: Fintech Dominance Secured a record $132B (21% of global VC funding), while retail tech and digital health saw robust activity.
• Investor Trends Tiger Global emerged as the Year's Top Investor (328 companies funded) followed by SOSV (314), Sequoia Capital China (276), and Andreessen Horowitz (240).
• Geographical Diversification While the US led funding, Asia experienced exponential growth, surpassing US deal counts in 2021. Europe and LatAm markets also showed resilience.
• Exit Patterns: Global M&A exceeded 10,792 companies sold, while SPAC exits nearly doubled, with median exits valued at *$1.6B (up 100% YoY)

Regional Strengths

• US: Undersired validation across all regions. Silicon Valley and New York emerged as top hubs.
• Asia: Driven largely by China and India. China's funding remained robust despite a slight YoQ dip in Q4.
• Europe: UK, Denmark, Israel, and France performed notably.
• LatAm: Mexico and Brazil showed early-stage focus despite funding challenges.

Sectors & Metrics

• Investment Allocation: Fintech led globally, performance drove valuation growth. Significant consolidation occurred, especially across early-stage rounds.
• Deal Size/Maturity: Median deal sizes continued rising across all stages, with venture capital increasingly focusing on mature businesses and mega-rounds.
• Time-to-Decision: Advances in data aggregation tools (like CB Insights' Mosaic) reduced time-to-decision for investors.
• COVID-19 Lingering Impact: Certain sectors like e-commerce, healthcare remain strong; however, deal-making normalized but megatrends (EV) continue to rise.

Data Scoring Framework

• Moser score: Continues to help investors identify top companies. Top-scoring firms appear consistently across diverse funds.
• Management Score: New metrics integrated to evaluate venture teams for risk/reward.

Caveats & Methodology

Comprehensive report methodology details validation, disclosure requirements, exclusions (private placements, non-equity deals, SPACs) and includes full data transparency through linked sources/data sheets.

Annual Trends Watch: Cybersecurity, AI infrastructure, sustainable tech/fintech, biotech & medtech continue to represent growth frontiers globally.