Tiger Global averaged 1.3 deals every day in the second quarter of 2021 increasing its investments eightfold from the same period in 2020 to 81, according to a report released by CNBC on Thursday.
- The venture investments increased by 157% globally from last year to $156 billion. Tiger took part in the third-biggest cybersecurity investment, Forter and 5th largest artificial intelligence deal, Scale AI.
- Tiger, a firm founded by Chase Coleman in 2001 developed into a force in pre-IPO tech investing after winning bets on companies such as LinkedIn and Facebook.
- The explosion of the billion-dollar tech start-ups made Tiger’s brand more prominent over the years.
- Tiger funds have grown bigger over time. Early in 2020, the company raised a $6.65 billion fund, within a year of raising another $3.75 billion fund.
Tiger invested $650 million in the rocket builder Relativity Space and financed the ecommerce platform, Kajabi with $550 million.