2020 was an unprecedented year in the world of investing. As the global pandemic caused massive economic disruption, certain companies and sectors saw incredible growth while others declined sharply. This article will explore some of the most notable venture capital deals closed in 2020 across various industries.
major investments in telehealth and digital health
The shift to virtual healthcare due to COVID-19 social distancing generated enormous investor interest in the telehealth sector. For example, Amwell raised $194 million in Series C funding in 2020, while Teladoc acquired Livongo in a $18.5 billion deal, creating a digital health giant.
electric vehicle makers attract large investments
Tesla’s soaring share price led to a number of blockbuster investments in other electric vehicle startups in 2020. For instance, Rivian raised $2.5 billion led by T. Rowe Price, while Arrival garnered $118 million from BlackRock and Hyundai.
video conferencing and collaboration tools see funding boom
With companies shifting to remote work, Zoom became a household name and starred in one of 2020’s most notable VC success stories. The video communications company closed a $328 million Series E round in April at a $16 billion valuation.
2020 saw unprecedented disruption but also opportunities, with companies enabling digital transformation and new ways of living, working, and getting healthcare attracting enormous investments.