Getty Images/MirageC This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
$65 billion hedge fund Tiger Global is squeezing out venture capital firms to invest in startups.
The company has taken part in 110 startup financings so far in 2021, according to Pitchbook.
Venture capitalists credit its speed and sky-high valuations for its success in landing deals.
A hedge fund is eating venture capital s lunch.
Tiger Global, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has participated in 110 startup financings so far this year, including breakouts like Clubhouse, Stripe, and Hopin, according to Pitchbook data.