When it comes to venture capital funding for companies based in the DMV, 2021 is starting off with a bang.
Numbers from the latest MoneyTree Report from PwC/CB Insights show that companies in the D.C. region raised a whopping $1.24 billion spread out over 53 deals in just the first quarter of 2021. That’s a 152% jump in dollars and 47% in number of deals from the fourth quarter of 2020.
That’s big for recent times, and historically. After one quarter, the city mirrored national trends and reached 67% of the dollar total in investments for all of last year, when the metro area raised $1.957 total. That’s the highest level of investment in the region as a whole since 2000. It was also only the third quarter in the last five years where funding into companies based in the District surpassed $200 million in a quarter.
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