Venture capital investments have skyrocketed—these industries have felt the biggest boost

Martha Sandoval
A bar chart showing the percent change in venture capital investment volume across industries from Q2 2013 to Q2 2023.
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The transportation industry has shown a solid growth of 662% in the last decade, partially thanks to mega-successful VC-funded ride-hailing companies, such as Uber or Lyft, and a rising interest in developing groundbreaking delivery systems for giant retailers like Walmart or Amazon.

It comes as no surprise that software development startups have been a top-three investment choice for venture capitalists for decades. Apple, Facebook, Google, Intel, and Microsoft were all powered by VC funds at different points in their successful histories. Insider Intelligence reported $121.2 billion in venture capital investments in software startups in 2021 alone. In the last 10 years, the value of VC in the industry has grown 356%.

The health care industry is just barely behind software, with a 343% growth. Key drivers are information technology tools and software designed to magnify productivity and improve service quality at every level of a patient's experience in medical practices, hospitals, day clinics, and pharmacies. Despite all that work, the need for even more innovation in health care was widely exposed during the COVID-19 pandemic.

Since then, health care technology—known as "health tech"—boosted its efforts to improve efficiency by tailoring services to each patient's needs. Whether they're looking at people's diets and sleep patterns or medical practices' billing problems, health tech innovators hope to make money by easing the strain on the industry and its workers.

Story editing by Jeff Inglis. Copy editing by Paris Close. Photo selection by Michael Flocker.

Transportation, software startups have grown VC funding most over the past decade
A team of employees meeting in a modern boardroom.
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