US Late-Stage Venture Capital Investment, by Deal Size, 2011-2021 (% of total investment value)
Data is from the January 2022 PitchBook and National Venture Capital Association (NVCA) report titled "Q4 2021 PitchBook-NVCA Venture Monitor" sponsored by Insperity. Deals include equity investments into startup companies from an outside source, which does not necessarily have to be from an institutional investor. This can include investment from individual angel investors, angel groups, seed funds, VC firms, corporate venture firms, corporate investors, institutions, etc. Investments received as part of an accelerator program are not included; however, if the accelerator continues to invest in follow-on rounds, those further financings are included. All deals are for companies headquartered in the US. Deals that feature partial debt and equity are included. PitchBook is a financial data and software company. Insperity is a provider of HR technology solutions.