Female founders' standout year for VC exits

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The Daily Pitch: VC

February 22, 2022

Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A

In today's Daily Pitch, you'll find:

Female founders in the US tallied a record number of public listings and acquisitions in 2021, when exits were a huge part of the venture story.

Trident founder and CEO Eric Taylor on the S and G of ESG, how diversity drives returns in PE, and more on the "In Visible Capital" podcast.

Our US VC Valuations Report explores how record dry powder and the proliferation of nontraditional investors propelled startup valuations in 2021.

Today's Top Stories

Charting female founders' standout year for VC exits

(lerbank/Getty Images)

Female founders in the US tallied a record number of public listings and acquisitions in 2021, when exits were a huge part of the venture story.

The number of public listings with a female founder or co-founder more than doubled year-over-year to 48 in 2021, generating nearly $57 billion in exit value, according to PitchBook data. Acquisitions continued to be the most common exit type, realizing more than $9 billion for female founders.

Here's a look at exit activity involving female founders in 2021 and how the numbers line up against the overall exit boom in the venture ecosystem.

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Quick Takes


	The Daily Benchmark
	2012 Vintage Global Debt Funds
	A message from PitchBook
	Unabated: Reflecting on 15 years of private capital markets growth
	VC Deals
	Crypto startup Helium raises $200M
	Icon secures $185M for 3D-printed homes
	Raydiant picks up $30M
	Coast lands $27.5M Series A
	Fundraising
	General Catalyst closes $4.6B fund

The Daily Benchmark

2012 Vintage Global Debt Funds

Median IRR

7.93%

Top Quartile IRR

10.42%

1.24x

Median TVPI

Select top performers

Central Valley Fund II

TPG Opportunities Partners II

ABRY Senior Equity IV

*IRR: net of fees

53 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

A message from PitchBook

Unabated: Reflecting on 15 years of private capital markets growth

Over the past 15 years, there have been several key inflection points that have contributed to the growth, maturation and deepening of the global private capital markets. From the global financial crisis and the first unicorn to recent US elections and the pandemic, these factors paved the way for today's record-breaking investment landscape—and will undoubtedly have a lasting impact on the future.

What past financial events do you think contributed to today's dealmaking environment? What future implications do these events present for the next 15 years? PitchBook wants to hear your thoughts!

Submit your ideas to pr@pitchbook.com and you may be quoted in an upcoming feature.

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VC Deals

Crypto startup Helium raises $200M

Helium has raised $200 million at a $1.2 billion valuation from investors including Tiger Global and FTX Ventures, Axios reported. The San Francisco-based company's decentralized wireless network rewards individual hotspot operators with crypto tokens.

View round

View 6 competitors »

Icon secures $185M for 3D-printed homes

Icon has raised $185 million in a Series B extension led by Tiger Global, TechCrunch reported. The Austin-based company uses its 3D-printing tech to build homes and structures across the US and Mexico.

View round

View 6 competitors »

Raydiant picks up $30M

Raydiant has raised a $30 million Series B co-led by 8VC and Atomic Ventures. The San Francisco-based company is the developer of a customer experience platform for brick-and-mortar businesses. The funding values Raydiant at $120 million, according to PitchBook data.

Additional Investors:

Gaingels, Illuminate Ventures, Lerer Hippeau, XRC, Mark Wahlberg

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View 14 competitors »

Coast lands $27.5M Series A

Coast has raised $27.5 million in a round co-led by Accel and Insight Partners. The New York-based company offers a B2B card payments platform to manage fleet transactions.

Select Additional Investors:

Avid Ventures, Better Tomorrow Ventures, BoxGroup

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View similar company »

Fundraising

General Catalyst closes $4.6B fund

General Catalyst has raised $4.6 billion for its 11th flagship investment vehicle. The new capital will be used for three areas: $2.7 billion for companies at later stages in the public and private markets, $1.1 billion for seed and early-stage startups, and $800 million for other company-creation efforts.

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View 626 investments »