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Funding to Seattle-area startups hit new Q1 record with $1.6B invested — here were the top deals


Funding to Seattle-area startups hit new Q1 record with $1.6B invested here were the top deals
April 13, 2021 at 7:02 pm
(Bigstock Photo)
The news: PitchBook and NVCA are out with their Q1 Venture Monitor. Investors continue to pour gobs of money into U.S. startups following a 2020 that set records despite the ongoing pandemic.
The numbers: VC deal activity hit $69 billion up 92.6% year-over-year across 3,987 deals over the first three months of 2021. Seattle-area startups set a new record for Q1 funding, reeling in $1.64 billion across 88 deals. That’s up from $616 million in Q1 of 2020.
Key trends: “Mega-deals” over $100 million are on pace to set a record this year, with 167 deals already completed in Q1. Angel and seed deals still stayed strong and hit a Q1 record for deal count. Fundraising also reached records with $32.7 billion raised across 141 funds. VC exits hit $118.1 billion across 447 events. SPACs raised $83 billion in Q1, already topp ....

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