After a slight dip in 2020 as activity in the U.S. slowed due to uncertainty caused by the pandemic, contech funding exploded in 2021. Early stage funding in 2021 reached $738.3 million, while late stage funding increased to $1.1 billion, both all-time records.
Those are big jumps from a year ago. Early stage funding in 2020 reached $374.9 million, while late stage funding reached $417.4 million, according to Crunchbase data.
