Silicon Valley heavyweights like StripeChime and Instacart rode a wave of investor enthusiasm for late-stage companies that were better able to weather the pandemic due to evolving consumer demands and business needs. That ultimately translated into bigger funding rounds and higher valuations. The companies that experienced the biggest valuation jumps thus far this year can also testify to this trend.

Some $78.2 billion was injected into 2,535 late-stage companies in the US as of Sept. 30, according to PitchBook data. And almost 69% of US deal value in 2020 has come from late-stage deals, which make up less than 22% of completed rounds.

Read Full Article Here: Top valuation step-ups of 2020 dominated by fintech, lockdown-friendly names | PitchBook