Rebecca Szkutak
The sector has been slow to digitize but with consumer attitudes toward the market changing quickly innovation is imminent.
The pandemic is rapidly accelerating family offices’ interest in venture. Industry veteran Wendy Craft believes that once they’re in, they will stay.
After a record year in 2019, investors remain bullish on the region and say the momentum will continue far past 2020's uncertainties.
The Connecticut Retirement Plans and Trust Funds is working to decrease its exposure to venture, but says it will continue to invest in its successful SMA initiative.
The pension commits $20m to CRV XVIII and brings its venture commitment total to $40m for the year, bringing the portfolio just shy of the $45m that was invested in 2019.
The firm grabs A$80m to help bridge the financing gap in the Australia venture market and to offer companies diversified funding options.
Q2 funding rebounded due to a handful of megarounds while the sector saw its first IPO and a potential shift in focus.
More than €9.5bn was invested across 1,344 deals in Europe in the second quarter making it the third best quarter on record for the region.
Both countries saw their deal metrics start to tick up again in Q2 despite not reaching 2019's numbers and seeing muted funding progress.
More than $2.7bn has been invested across 95 deals in 2020 so far, up 29% from the $1.9bn across 52 deals in the first half of 2019.
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