Funding to Seattle-area startups hit new Q1 record with $1.6B invested — here were the top deals


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__The news:__a 2020 PitchBook and NVCA are on the road with their Q1 Venture Monitor. After

The numbers:, which set records despite the ongoing pandemic, investors continue to invest a lot of money in US startups.

Key trends: “ VC deals activity totaled $ 69 billion in the first three months of 2021 - a 92.6% year-over-year increase - on 3,987 deals. Seattle-area startups set a new record for first-quarter funding, posting $ 1.64 billion in 88 deals. That’s an increase of $ 616 million in the first quarter of 2020.

Commentary Mega Deals “Over $ 100 million is well on the way to breaking a record this year. 167 deals were already concluded in the first quarter.Angel and seed deals remained strong, hitting a Q1 record for deal counting. Fundraising also hit records, with $ 32.7 billion raised in 141 funds. VC exits totaled $ 118.1 billion from 447 events. SPACs raised $ 83 billion in the first quarter, exceeding the total raised in 2020.

John Gabbert, Founder and CEO of PitchBook: “With record levels of VC fundraising in 2020 and dry powder, which is still at an all-time high, investors are writing ever larger checks in both early and late stages, which has only been fueled by non-traditional investors,who wanted to take advantage of the VC investment universe and valuation growth before liquidity. “Bobby Franklin, President and CEO of NVCA:” As the nation recovers from the COVID-19 pandemic, high-growth startups are well positioned to help the economy recover and grow. “Franklin also quoted President Bidens Build Back Better

Top Seattle deals: plan that could potentially lead to a new business start-up. For a rundown of the biggest rounds of investment made by companies in the Seattle area, see GeekWires Funding Tracker

  1. for a list of all of the most recent startup investments in the Pacific Northwest.

  2. Another unicorn in Seattle: Highspot, a business sales startup,raises $ 200 million at a valuation of $ 2.3 billion.

  3. Rad Power Bikes Raises a Massive $ 150M to Scale E-Bike Business Globally E-commerce company

  4. Cybersecurity giant Tanium raises $ 150M after moving its headquarters to the Seattle area.

  5. Seattle’s Newest Unicorn: Rec Room Raises $ 100M as Social Gaming Popularity Drives Its Great Growth. Area Startup Icertis now worth $ 2.$ 8 billion after new $ 80 million

  6. recruitment startup SeekOut raises $ 65 million for LinkedIn and other talent acquisition companies

  7. With support from Bill Gates, Pivotal Commware raises $ 50 million for 5G product recruitment the collaboration software

  8. Recruiting startup SeekOut raises $65M to take on LinkedIn and other talent acquisition companies

  9. With backing from Bill Gates, Pivotal Commware raises $50M for 5G products

  10. Ally raises $50M as remote work drives demand for goal-setting collaboration software