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Laxman Pai, Opalesque Asia: Global VC funding fell to a nine-quarter low of $87 billion in Q3'22; levels not seen since 2020 in the Americas, Europe, and Asia, said a study.
According to the Q3'22 edition of Venture Pulse by KPMG Private Enterprise, the decline in the number of deals was even more marked during the quarter, with just 7,817 VC deals globally-the lowest volume since Q4'17.
The decline in the number of deals was even more marked during the quarter, with just 7,817 VC deals globally-the lowest volume since Q4'17.
Deal numbers across the Americas, Europe, and Asia drop, with the Americas attracting more than half of the global VC total, $45.5 billion, during the quarter.
Amid a growing energy crisis, economic turbulence continued pandemic impacts, and increased pressures on businesses, funds continue to flow into clean energy, fintech, biotech, cyber, and B2B, including AI and machine learning start-ups and scale-ups.
"Signs point to Q4 VC funding being lower than hoped as geopolitical turmoil remains while increased due diligence and investor caution cause delays to deals closing," it said.
Global VC investment is likely to continue to fall throughout the final quarter of 2022 as Q3 sees the third consecutive drop in deals and funding value whilst signs indicate increased conservativism amongst investors amid rising fears of a global recession.
While annual fundraising reached $220 million at the end of Q3'22, on...................... To view our full article Click here
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