How much funding will private U.S. tech companies raise between July 1 and December 31, 2021, inclusive?
Related question. This question was previously issued for the period July 1 to December 31, 2020. You can view it here. The crowd's mean forecast was $73.7 billion, and the correct answer was $59.0 billion.
Data and resolution details. This question resolves based on Crunchbase data. Crunchbase classifies every company under multiple “category groups.” For this question, companies are classified as “tech” if software, hardware, internet services, or information technology are among their category groups. These categories are overlapping. A company is "private" if it's not publicly traded. This question resolves on January 30, 2022, 30 days after the forecast period ends. The question -- and the graph below -- therefore includes only transactions entered into Crunchbase within 30 days of the date of its announcement. Historically, 80% of new funding is entered into Crunchbase within 30 days.
The chart below does not include an anomalous $100 billion raised by Broadcom Limited in February 2018.
The data underlying the graph is here.
This question is a metric for the following scenarios:
- Tech Companies Threaten Democracy
- The Impact of COVID-19 on the ML Research Field
- Three Possible 2025 Worlds that Should Inform Policy Today
For more on this metric, see the accompanying Foretell metric analysis: "Are Established Tech Companies Crowding Out Startups?"
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