Global retail tech funding boomed in 2021, passing $100B for the first time, and more than doubling 2020's total. Deals rose 25%.

E-commerce and supply chain tech funding hit new records. In-store retail tech funding also nearly tripled as stores prioritized inventory management, payments, and shopper tracking tech.

976 companies exited in 2021. While M&A accounted for more than 90% of those exits, 91 companies exited via IPO or SPAC, triple the number in 2020.

More than half of the IPOs were in e-commerce. Consumer-facing platforms led the way, including specialty marketplaces and direct-to-consumer brands.