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The Bay Area is on pace to set a record for venture funding. Here are the region's top 11 cities, when it comes to attracting funds.
By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal
Jul 14, 2021 Updated Jul 14, 2021, 5:22pm PDT
There's been a lot of talk during the Covid-19 pandemic about the Bay Area losing its position as the center of the venture and startup universe amid a supposed "exodus" of investors and tech talent.
But a new report from PitchBook Data and the National Venture Capital Association tells a very different story. The report makes clear that, far from losing its preeminence, the Bay Area is as dominant as ever when it comes to attracting venture investing.
In the first half of this year, Bay Area startups collectively raised $54.5 billion, according to the report. At that pace, they'll break the record total for a full-year — $66.4 billion, set in 2018 — in the middle of the current quarter.
Perhaps as impressively, it means that 36% of all venture dollars nationwide are going to San Francisco or Silicon Valley startups. That's not far off the share the region garnered the last two years, even though the total amount raised by startups across the U.S. in the first half surged to $150 billion — already the second highest amount for a full-year . . . .
[The numbers--Venture funding Jan-June 2021]
San Francisco - $25.2 billion
Mountain View - $4.98 billion
Menlo Park - $4.4 billion
Palo Alto - $4.3 billion
San Mateo - $2.9 billion
San Jose - $1.9 billion
Redwood City - $1.1 billion
South San Francisco - $1.05 billion
Burlingame - $857 million
Sunnyvale - $798.7 million
Santa Clara - $624 million
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https://www.bizjournals.com/sanfranc...es-raised.html
Who got money. (Print edition cover story SF Business Times)
Robinhood Markets - $3.4 billion
Waymo - $2.25 billion
Databricks - $1 billion
SambaNova Systems - $678 million
Stripe - $600 million
Sila Nanotechnologies - $590 million
Lacework - %525 million
Roblox - $520 million
Nuro - $500 million
Sofi - $370 million