VC funding in Silicon Valley has reached a record high of $1.1 trillion in 2018, according to data from CB Insights.
That number is up from $950.2 billion in 2017, and is on pace to hit $1 trillion by 2022, according the report.
The data is based on CB Insight’s “Funding for the Next Five Years” report, which tracks funding from more than 50 firms across more than 120 industries, including consumer, healthcare, education, retail, energy, and finance.
The average VC investment is now more than double what it was five years ago.
The number of VC funding rounds is also up, from 476 in 2017 to 517 in 2018.
The chart below shows that the number of funding rounds has gone up since 2017, as well.
At the same time, the number and percentage of startups that are publicly traded has decreased.
The biggest winners from the 2017 funding boom are already taking their time to find partners, according CB InsIGHT.
For instance, only 23% of companies that raised money in 2017 have announced a public listing on the stock exchange.
Of those that are taking public positions, a whopping 61% of the companies that went public in 2017 are still not publicly listed.
While many companies are getting the message that they are in the early stages of building a product, a number of them have made major investments in their employees.
The CB Insiders podcast series on venture capital highlights some of the startups that have received big funding, as it helps the public understand how much it costs to get a company off the ground.
This year, we’ve highlighted five of the most successful companies to get off the earth.
Check out the top-10 startups to get started with at Recode.