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March 01, 2022 | Tom Ballard

PitchBook issues “Q4 2021 Emerging Tech Indicator”

PitchBook’s “Q4 2021 Emerging Tech Indicator” tracks early and seed stage deals from 15 top venture capital firms, following the flow of capital across 30 market segments to spotlight the technologies driving early growth opportunities. The latest installment of the report details the dramatic numbers from Q4, which recorded $10.2 billion invested, up more than $3 billion from Q3.

Key takeaways from the report, which can be downloaded here, are:

  • Web3 and decentralized finance (DeFi) topped deal value for the second consecutive quarter, doubling its Q3 value to reach $2.4 billion in Q4;
  • Large rounds surged, with 26 rounds of $100 million or more, nearly double Q3’s record of 14 and well above the historical quarterly average of four; and
  • Several major deals centered on the integration of blockchain economics with gaming environments, including Q4’s largest round: a $725 million Series B for Forte.

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