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Laxman Pai, Opalesque Asia:

A total of 5,705 venture capital (VC) funding deals were announced in the US during the first half (H1) of 2022, while the disclosed funding value of these deals stood at $123.1 billion, said a study.

According to GlobalData, although this is the highest capital raised by any country during H1 2022, amounting to close to 50% of the total VC funding amount raised globally, the country's VC funding value dropped by 21.7%, while deal volume declined by 19% in H1 2022 compared to H1 2021.

"This decline is mainly driven by subdued activity in Q2 2022, as deal activity in the US has seen a consistent decline during the last three months (April to June)," the report said.

VC funding value in June declined by 9.2% compared to the previous month. Deal volume also decreased by 11.5%, it added.

Aurojyoti Bose, the Lead Analyst at GlobalData, said: "Inflation appears to be taking a toll on the country's deal-making sentiments, with a record high inflation testing investors' confidence."

"Although several $100 million+ deals have been announced in the country, it is yet to see an announcement of a billion-dollar VC funding deal in 2022," Aurojyoti added.

According to GlobalData, some of the notable $100 million+ VC funding deals announced during H1 2022 in the US include $935 million funding raised by Flexport, $725 million funding raised by Acrisure, $675 million raised by The Boring, and $625 million funding raised by Resilience.

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