Insider-Led Rounds on Track to Beat 2021 Record

Venture capitalists are taking their biggest swings at the startups they’ve previously backed.

The total value of U.S. venture funding rounds led by investors that previously invested in the startups topped $69 billion as of mid-June, according to PitchBook. That’s already higher than the $67 billion volume of insider-led rounds for all of last year. If the pace continues, insider-led rounds will beat the record set in 2021 at the height of the zero-interest-rate investment boom.