Strong first six months for start-up investment in 2021

PwC and AANZ have released their analysis of the Young Company Finance data for the first six months of 2021 – almost $60 million was invested, with almost double more deals closed than in the first six months of any other year. SaaS is still the most invested-in area but deep tech is catching up, accounting for 42% of the total invested funds compared to 24.6% in H1 2020. There has also been a drop in convertible note-based rounds, with more rounds based on equity. It looks like the combination of capital being redirected to higher-yield areas and government interventions in this space are seeing an impact on the levels of local investment – we’ll have to wait and see if these trends continue.

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