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Q4 2021
PitchBook Analyst Note: 2022 US Venture Capital Outlook
December 17, 2021
This analyst note was updated on January 12, 2022 to update a chart on page 14.
After a year for the record books, what will shape US VC in 2022?
The US VC industry shattered records left and right in 2021, as the private markets raced through the economic recovery and soared to new heights. What’s in store for next year?
Our 2022 US Venture Capital Outlook details seven predictions from PitchBook analysts on the trends that will shape VC in 2022, from the future of SPACs to the continued expansion of corporate investment.
Key takeaways
Table of contents
After a year for the record books, what will shape US VC in 2022?
The US VC industry shattered records left and right in 2021, as the private markets raced through the economic recovery and soared to new heights. What’s in store for next year?
Our 2022 US Venture Capital Outlook details seven predictions from PitchBook analysts on the trends that will shape VC in 2022, from the future of SPACs to the continued expansion of corporate investment.
Key takeaways
- US investors will make more foreign investments than ever before.
- At least 25% of all 2020 SPACs will not execute a deal prior to the two-year mark.
- More than 1,500 corporate VCs will make a deal in the US next year.
Table of contents
| Biotech SPAC combinations will continue to grow in count in 2022. | 2 |
| At least three VC firms will register as registered investment advisors. | 5 |
| More than 1,500 corporate investors will make a deal in the US during 2022. | 7 |
| Each of the top 10 venture ecosystems will see more than 400 completed deals in 2022. | 9 |
| US Investors will make more investments outside the US than ever before. | 11 |
| Public listings of VC-backed businesses will show a YoY increase in count in 2022. | 13 |
| At least 25% of all 2020 SPACs will not execute a deal prior to the traditional two-year deadline. | 16 |
| 2021 outlooks scorecard | 19 |