Software startups pocketed nearly 40% of VC funding in the US

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In the US, software startups attracted $121.2 billion in venture capital investments last year, more than triple what those in commercial products and services received, at $39.1 billion. Pharmaceuticals and biotech raised the third-highest amount, with $37.8 billion in venture capital.

Beyond the chart: About 37% of all US venture capital funding flowed to the software industry in 2021. Startup investors collectively spent almost double the $166.6 billion they did in 2020, part of a broader upward trend in both the size and number of venture capital deals.