Startups Raked In $621 Billion in 2021, Shattering Funding Records
Cities outside of Silicon Valley show gowing promise as tech hubs.
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Startups raised more venture capital funding than ever last year and more cities around the world started to look like tech hubs—although Silicon Valley remains firmly in the lead.
In 2021, investors more than doubled the amount of cash they handed out to startups, hitting $621 billion globally and shattering the previous year’s record, according to new data from research firm CB Insights.