PALO ALTO, U.S./TOKYO -- Despite the novel coronavirus pandemic, startup investments are booming in the U.S. and China, the world's two largest economies.
Venture capital investment in the U.S. surged 13% from 2019 to a record annual high of $156.2 billion (16.2 trillion yen) in 2020, led by the health care sector and industries related to software-as-a-service, or SaaS. The previous record of $142.7 billion was set in 2018.
