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Laxman Pai, Opalesque Asia:

A total of 3,532 venture capital (VC) funding deals worth $55.3 billion were announced in the US from January to May 2023, said a study.

This translates into a year-on-year (YoY) decline of 36.4% in terms of volume announced and a massive 50.2% in terms of value, said the GlobalData study. A total of 5,552 VC funding deals of $111.1 billion were announced in January-May 2022.

Despite the decline, the US continued to account for the highest number of VC funding deals announced globally from January to May 2023. Moreover, it also held more than half of the total funding raised globally.

The US accounted for 38.8% of the total number of VC funding deals announced globally from January to May 2023 while its share in terms of the corresponding deal value stood at 52.6%.

"Although the US continues to dominate the global VC funding landscape, it is not immune to the macroeconomic headwinds, which are making a dent in investor sentiments globally," said Aurojyoti Bose, Lead Analyst at GlobalData.

"The decline in VC funding in the US indicates the conservative approach of investors amid market uncertainties including rising interest rates, inflation, recession fears, and geopolitical tensions. The decline being prominent in terms of value also validates investors' aversion to committing high-value investments amid volatile market conditions," Aurojyoti added.

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