Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.
It was arguably optimistic to claim, in our annual review a year ago, that normality would return to the world once vaccines had reached a majority of people. Delta and then Omicron variants have wreaked havoc with people’s and governments’ hopes to resume lives as they once were – and that is nothing to say of a terrifyingly large minority who continue to refuse the vaccine. While booster campaigns have meant that the death toll from the Omicron wave has…
