Global venture funding hit an all-time high in Q1 2021

Business : Global venture funding hit an all-time high in the first quarter of 2021, per Crunchbase data. But, along with a surge in late-stage funding, we also saw a marked increase in early-stage funding last quarter, with $39 billion invested in nascent startups, up from $25 billion in the fourth quarter and $22 billion in the first quarter of 2021. 

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Some connectivity issues in rural America could be eased with President Joe Biden’s proposed $2.3 trillion infrastructure plan — which includes $100 billion for greater broadband access — and be a boon for agtech investors and startups. If Biden's proposal to increase the capital gains tax rate for high-income earners from 20 percent to 39.6 percent comes to fruition, the venture ecosystem could see impacts in a number of ways.

Cloud computing startup DigitalOcean made its public market debut, closing at $42.50, or nearly 10 percent below its IPO price. The company set an IPO price of $47 on Wednesday, the high end of its $44 to $47 pricing rage, and raised more than $775 million through its public offering. Its stock opened at $41.50, about 12 percent below its IPO price. DigitalOcean is trading on the New York Stock Exchange under the ticker DOCN.

DigitalOcean is backed by investors including Andreessen Horowitz and Access Industries. Among the largest shareholders in the company are Andreessen Horowitz, IA Ventures, and AI Droplet Holdings LLC, which is managed by Access Industries Management.

Source : Crunchbase