Q4 2021 In partnership with Capital investmentin US startups nearly doubles year overyear to $330 billion. Page 5 Public Annual VC fundraising tops $100 billion for the ?r on back of elevated returns. Page 29 year, unlocking more than $680 billion in exitvalue. Page 27 The de?ni  Credits & contact PitchBook Data, Inc. JOHN GABBERT Founder, CEO NIZAR TARHUNI Senior Director, Ins DYLAN COX, CFA Head of Private Markets Research RESEARCH CAMERON STANFILL, CFA Senior Analyst, VC KYLE STANFORD, CAIA Senior Analyst, VC JOSHUA CHAO, Ph.D. Senior Analyst, VC pbins Contents DATA SUSAN HU Data Analyst Report & cover design by DREW SANDERS and JOEY SCHAFFER Execu 3 4 Na NVCA policy highlights Overview BOBBY FRANKLIN President & CEO MICHAEL CHOW Research Director, NVCA and Venture Forward 5 SABRINA FANG Vice President of Communica and Marke ROBIN CEPPOS Communica Angel, seed, and ?rst?nancings Early-stage VC Late-stage VC Regional spotlight Deals by sector Insperity 7 9 Contact NVCA nvca nvca@nvca 11 15 16 20 22 23 25 27 29 31 32 33 Insperity PAUL J. SARVADI Chairman and CEO LARRY SHAFFER Senior Vice President, Marke and Business Development RANDY FISHER Senior Strategy Manager, Marke and Business Development Venture debt Female founders Nontradi Contact Insperity Inperitycapitalgrowth capitalgrowth@insperity Exits Fundraising Q4 2021 league tables 2021 league tables Methodolog 。。。以下略