PitchBook NVCA Q3 2020 Venture Monitor Report
Despite the unheralded period in the US—as the COVID-19 pandemic, stay-at-home circumstances, and continued economic volatility persist across the country—the venture capital (VC) and startup ecosystem has, broadly speaking, been resilient in 2020. However, pockets of the ecosystem, particularly newcomers looking for their first VC investment, first-time fundraisers, founders from diverse backgrounds, or those between the coasts, have faced challenges.
Most VCs have adapted to new, remote ways of doing business, and capital invested continued at a strong pace in the third quarter. The $37.8 billion invested in Q3 was relatively on par with Q3 2019, thanks largely to late-stage investments. Deal volume also held steady, with 2,990 completed deals using PitchBook’s new deal estimation methodology.