US startups raise $13.4 billion VC funding during first two months of 2023
A total of 1,076 venture capital (VC) funding deals were announced in the US during the first two months of 2023 while the disclosed funding value of these deals stood at $13.4 billion, according to GlobalData, a leading data and analytics company.
VC funding activity suffered a setback in 2023 in terms of volume and value but the impact was more prominent in value terms. An analysis of GlobalData’s Financial Deals Database reveals that this represents a 52.1% decline in VC deals volume compared to the same period during the previous year while the decline in terms of value stood much higher at 72.3%.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The appetite for big-ticket deals seems to have waned as VC investors have become cautious. Resultantly, the average size of the VC deals has fallen significantly in 2023 in the US.”
The average size of the VC deals announced in the US during January and February 2023 stood at $12.4 million while the average size of the VC deals announced during the same period in 2022 was $21.5 million.
Bose adds: “However, the decline failed to affect the US dominance on the global VC funding landscape, and it still continued to register the highest share of global VC deals volume and value as the declining trend was experienced across most of the other markets.”
The US accounted for 36% share of the number of VC deals announced globally during January and February 2023 while the country’s share of value stood at 42.6%.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
Blackstone portfolio company R Systems takes over Velotio
R Systems announced that it has signed definitive agreements to acquire Velotio, an India-...
NEC India, GLA University and Edulateral Foundation collaborate to enable learning for students in AI and Analytics
NEC Corporation India (NEC India), a wholly owned subsidiary of NEC Corporation, GLA Unive...
Tech Mahindra to help Bank of Baroda to enhance Customer Experience
Tech Mahindra announced its partnership with Bank of Baroda, to deploy digital solutions t...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Kingston showcases New Non-Binary DDR5 Memory and XS1000 External SSD in COMPUTEX 2023
Kingston Technology has announced it will make a grand return to COMPUTEX Taipei event aft...
Genesys creating an exceptional Customer Experience leveraging the skillful orchestration of Employee Experience
To recognise its strategic partners advancing the industry, Genesys, organised the APAC Pa...
TDC Captures the Beauty of our Natural World at Vivid Sydney 2023
Sydney, Australia, May 2023 – It would be easy for a company like TDC – T...
MediaTek organizes its 12th Chapter of Technology Diaries
MediaTek has hosted its 12th Chapter of Technology Diaries themed ‘The Vision to Go...
E- COMMERCE
