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Laxman Pai, Opalesque Asia:

Global VC investment sank from $86 billion across 9,619 deals in Q4'22 to $57.3 billion across 6,030 deals in Q1'23 as the major uncertainties in the market showed no sign of waning, said a study.

The Q1'23 investments are the lowest level of quarterly investment since Q2'17, and a sharp decline both quarter-over quarter (compared to $86 billion in Q4'22) and year-over-year (compared to $177.6 billion in Q1'22), according to the Q1'23 edition of Venture Pulse - a quarterly report published by KPMG Private Enterprise on VC trends globally.

"The protracted war in Ukraine, increasing interest rates, stubbornly high inflation, domestic and geopolitical challenges, and concerns about the stability of the global banking system all combined to make it a difficult quarter for VC investment across all regions," it said.

The decline in VC investment was particularly stark year-over-year, with the total seen in Q1'23 less than a third of the total invested during Q1'22 ($177.6 billion).

Every region saw VC investment fall to levels not seen in years during Q1'23. The $33.1 billion raised in the Americas was the lowest level since Q1'18, while the $9.8 billion raised in Europe was the lowest since Q3'18, and the $13.5 billion raised in Asia was the lowest since Q2'15.

US-based payments company Stripe's $6.5 billion raise was by far the largest VC round of the quarter globally, although it came with a steep cut to the company's valu......................

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