The development of median deal dimension is pushed by a rising number of mega-rounds noticed, with 167 offers totaling almost $forty two billion in capital, greater than half of which had been targeted on TMT corporations. Following a report 12 months, technology, media and telecom firms continue to attract massive capital investments from a wide range of sources. Furthermore, some of the merchandise might need combined impression in the market as a result of COVID-19 pandemic.
The competition and sure valuations will proceed to heat up as VC, PE and SPAC traders converge on the best of the most effective non-public expertise firms with report amounts of deployable capital. Founders and current shareholders will have many exit and funding alternatives to explore and will see no shortage of available capital nicely into 2022. The focus of the SPAC buyers has largely been on rising technologies like autonomous and electrical autos, fintech, and well being technology corporations with established manufacturers.
For occasion, 23andMe, Hims & Hers Health, Clover Health, SoFi and Metromile have all chosen a SPAC merger since the start of the year. Technology companies that have raised $100 million rounds this yr embody Clubhouse, the voice-solely social media platform that raised $a hundred million in January and another $200 million in April. In addition, Plaid, the fintech company that had a $5.3 billion acquisition by Visa known as off in January, closed a $425 million dollar round that valued the company at almost $thirteen billion. Gaming platform company Epic Games additionally closed a $1 billion funding round, valuing the developer at more than $27 billion.
We anticipate trends observed in 2020 that fueled the document amount of invested capital to continue through 2021. Late-stage enterprise deal-making already noticed a powerful resurgence within the first half of the yr, rising 154% from the same period in 2020, with the median deal size rising from $10 million to $20 million.
These markets embody video surveillance market, beacons market, web hosting providers market, retail analytics market, AI in retail market, and streaming media devices market among others. Post the COVID-19 pandemic, governments the world over are more likely to improve spending within the growth of smart infrastructure. Further, some government is rising fiscal spending for the development of a sensible metropolis. In India, several elements of smart metropolis development such as improved infrastructure, strong IT connectivity, digitalization, improved e-governance in additional than 100 cities are proving to be useful in COVID-19 state of affairs. In addition, the government of India is depending on smart city investments to answer COVID-19.