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Venture Capital Funding for Tech Companies Soared to Record $64 Billion in Q1 2021
Monday, April 12, 2021
Vancouver, BC, April 12, 2021--Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk's SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, according to analysis this week from Ernst & Young, using data from Crunchbase. That equals 43% of the $1.48 billion raised in all of 2020, which was a record year.
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