Despite a challenging year in the cannabis industry, venture investors poured over $2.3 billion into cannabis startup in 2019, up from $1.5 billion in 2018.
Global funding last quarter hit an all-time high, marking the first single quarter to reach above $100 billion, according to Crunchbase data. In the first quarter of 2021, global venture investments reached $125 billion, a 50 percent increase quarter over quarter and a whopping 94 percent increase year over year, Crunchbase data shows.
Some of Europe’s biggest tech companies are calling for a 100 billion-euro ($118 billion) fund to kick-start the creation of regional champions in green technology, science-driven startups and other new industries. The leaders of around 35 unicorns and startups including Blablacar, FacilityLive and Cabify.