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May 03, 2022 | Tom Ballard

PitchBook notes the rise in importance of micro-funds

PitchBook reports that micro-funds, defined as venture investment vehicles that raise $50 million or less, collected nearly $5 billion across a record 339 U.S. funds in 2021.

According to this recent post, “These funds offer unique benefits to the VC (venture capital) industry that cannot be easily replicated by larger funds — such as enabling firms to take risks on young companies operating pre-product and diversify their portfolios on both a geographic and sector basis.”

Kyle Stanford, a Senior Analyst at PitchBook, noted that “micro-funds have really adapted to the changing market while also changing the market.”

Just a decade ago, micro-funds raised $1.87 billion.

To download the PitchBook Analyst Note, click here.

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