Kansas City, Missouri – COVID-19’s economic impact can be felt around the globe, and it’s given rise to a new wave of innovation. One company powering the venture capital industry analyzed the effect of the pandemic on innovation in 2020, and the results were surprising.
Venture360 is an industry-leading, comprehensive software platform and services firm that helps companies and investors manage the complex world of venture capital. Last year the platform tracked $89 billion across 2,025 companies representing 128 industries.
When the company analyzed the portfolio performance of venture firm clients in 2020, it found food science and advanced agriculture experienced a more than 685% increase, followed by on-demand ride-sharing platforms with a 481% increase, and sales automation platforms with a 468% increase. The top-performing industries far exceeded the losses seen across the lowest-performing industries – including VR/AR, alternative energy and health care – where the greatest losses remained below 20%.
See which industries faired the best, and the worst, in this infographic:
“The pandemic proved to be beneficial for innovation, and the incredible performance of our clients’ portfolios proves it. In a year when we expected to see losses across most industry segments, we found quite the opposite to be true,” said Venture360 CEO Rachael Qualls.
“The data from 2020 shows us that how we eat, move and do business has completely changed in a very short amount of time,” Qualls added. “Protein alternatives and crop growing innovations are paving the way for the plant-based movement; on-demand transportation of goods and people is changing how we shop and socialize within our local communities; and business is more virtual than ever, driving innovation in how we interact online. Given the nearly $1.3 billion our clients invested in just these three industries shows how the venture community is paving the way for a new future. It will become increasingly important to watch the change in valuations among private-sector companies to gauge the future of innovation across multiple industries. With this type of visibility across reported data in Venture360, we are able to see the shifts as they happen.”
Venture360 is the sole complete platform on the market for organizing and managing capital, from application to exit. The software offers a full suite of solutions for fund managers, angel investor groups and family offices to manage deal flow, portfolio tracking, investor reporting and more. The company also offers SPV management and fund management services, providing back office support from capital calls, distribution, IRR, tax and accounting, waterfall and more.
“We proudly support more than 600 venture firms in more than 50 countries by streamlining back-office functions, offering transparency for investors and visibility across portfolios,” Qualls said. “We’re proud to offer a solution that completes the capital management picture.”
View the top-line results in this infographic.
Venture360 empowers the venture capital world through an industry-leading, comprehensive software platform that helps companies and investors manage the complex world of venture capital. We proudly support clients in more than 52 countries by streamlining back-office functions, offering transparency for investors and visibility across the portfolio. Learn more at venture360.com.