The next largest are Coatue, which has led or co-led $6.9 billion in startup investment this year, Insight Partners at $5.7 billion, and D1 Capital Partners and Silver Lake, each at $5.3 billion. Also in that pack are investors like the SoftBank Vision Fund, which so far this year has led or co-led deals worth $8.6 billion, per Crunchbase data. The firm is the current leader among a new breed of growth investors moving into Silicon Valley’s turf. , The Information reported earlier this year, citing startup founders who had worked with the firm. Rather than work closely with founders to grow their businesses - as many venture investors do - Tiger Global pays for its portfolio companies to have access to consultants at Bain & Co. Once it’s invested, it also reportedly takes a hands-off approach with its portfolio companies. Tiger Global’s vigorous investment pace matches what’s been described as its extremely aggressive dealmaking approach: The firm reportedly pounces on deals very early, moves extremely fast to close on them, and stuns with sky-high valuations. In fact, Tiger Global has led or co-led startup investment at greater amounts than any other firm so far in 2021 - outpacing traditional venture investors like Sequoia Capital, which has led or co-led $4.1 billion worth of venture deals this year, per Crunchbase data. That compares with all of last year, when the firm led or co-led deals valued at $5 billion and participated in a further $7.8 billion in funding where other firms led. So far in 2021, it has led or co-led deals totaling $10.5 billion and participated in rounds which totaled a further $11.5 billion, Crunchbase data shows. A lot more: By dollar amount, its investments are also up 10x compared to the first five months of 2020. The vast majority - 90 - of those investments so far this year are new portfolio companies.įor the whole of 2020, the firm invested in 69 companies, 47 of which were new to the fund.Īnd Tiger isn’t just doing more deals - it’s also throwing more dollars at them. Picking up the paceĪlready one of the most active lead investors in startup funding deals this year, Tiger Global has picked up the pace of its investing significantly in 2021, Crunchbase data shows: The firm has invested in 118 companies this year so far, up an astonishing 10x compared to its investing pace in the first five months of 2020. What follows is an analysis of its business, sourced from Crunchbase data unless otherwise noted. Tiger Global executives rarely speak to the media and the firm likewise declined to comment for this article. With these questions in mind, we decided to take a closer look at the strategy and portfolio for Tiger Global, which Crunchbase data shows is investing in startups in 2021 at 10x the pace it did just a year ago. How did the firm, now with an estimated $65 billion in total assets under management, become one of the biggest startup investors in the world? And how does Tiger, which first began investing in private companies in China and India less than two decades ago, now routinely outmaneuver some of Silicon Valley’s most sophisticated venture investors? The 20-year-old New York-based investing firm - part hedge fund, part private equity investor - has not only quietly become the most prolific investor in billion-dollar startups, it is also significantly picking up the pace at which it deploys capital in 2021, according to our analysis. Tiger Global Management, already one of the most voracious startup investors in recent years, is roaring into 2021 more aggressively than ever.
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