Tech equity fundraising tops $100bn in H1, highest since 2021

Key Facts

1Tech companies have raised more than $100 billion in the first six months of this year, only the third time this has occurred after 2000 and 2021.

In a strong return of risk appetite in global financial markets, equity fundraising by tech companies reached record levels, surpassing $100 billion in the first half of this year, according to Mergermarket data. This is only the third time this has occurred after 2000 and 2021, reflecting exceptional enthusiasm for the tech sector.

Notably, the previous two instances (2000 and 2021) preceded sharp corrections in tech stocks, raising questions about whether the market is approaching a peak. However, the broader economic backdrop is different this time: US GDP grew 2.1% in Q2 (close of June 25, 2026), while the Super Core PCE inflation index stood at 3.94% year-on-year, signaling an economy still expanding amid persistent price pressures.

Investors are closely watching the inflation trajectory and Federal Reserve policy, with several Fed speeches scheduled in the coming days. Focus will also be on Q2 tech earnings to gauge the sustainability of capital demand, as signs point to continued momentum in IPOs and secondary offerings.