Venture Investments Hit Record Highs

The National Venture Capital Association says that venture capital activity in Q2 of 2021 has hit record highs, with the group saying, in particular, that seed and early-stage VC financings have hit record highs and new quarterly records. The NVCA said that $75.0 billion was invested across and estimated 4,302 deals in the second quarter, with a total of $150 billion invested across 8,406 deals for the first half of the year. According to the NVCA, in addition to the investments, near-record level of distributions from venture funds--driven by a robust exit market--has continued to drive cash flow back to LPs. The NVCA said that total capital available to VC-backed companies will "likely continue to swell through the end of 2021, especially at the late stage."