Boston Metro VC Funding Increases 47.6% in 2020 — Biggest Jump of Any US Metro
#Boston based #startups raised $16.9B in #VCfunding in 2020 — Biggest YOY increase of any #metro market!
Metro Boston attracted $16.9B in capital funding in 2020 according to PitchBook’s 2020 Venture Monitor, marking another big year for Boston-based startups in raising capital. That marks a 47.6% increase in Total Deal Value from 2019, the largest YOY jump of any Metro studied in the report.
This further solidifies Boston as one of the top cities attracting investor capital in the US, trailing New York by only $2.4B in total funding. Boston, NYC, and San Francisco account for roughly 68% of all US VC funding in the US, although some smaller markets are starting to emerge as bigger players. Silicon Valley’s total share of funding dropped below 20% for the first time, signaling that many tech companies are thinking outside of the box in terms of where they can open shop.
