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Laxman Pai, Opalesque Asia: A total of 5,448 venture capital (VC) funding deals with disclosed value worth $89.3 billion were announced in the US during the first three quarters (Q1-Q3) of 2023, said a study.
According to GlobalData, this represents a year-on-year (YoY) decline of 40.3% in terms of VC funding deals volume while the corresponding disclosed investment value witnessed a fall of 45.6%.
In comparison, a total of 9,132 VC funding deals were announced in the US during Q1-Q3 2022 while the corresponding disclosed value of these deals stood at $164.3 billion.
The US accounted for a 35.6% share of the total number of VC funding deals announced globally during Q1-Q3 2023, while its share of the corresponding deal value stood at 48.8%.
According to the report by data and analytics company, some of the notable VC funding deals announced in the US during Q1-Q3 2023 include $6.5 billion raised by Stripe, $1.3 billion secured by Inflection AI, $1 billion worth of funding raised by Redwood Materials, and $1 billion worth funding raised by Stack AV, among others.
"VC funding activity suffered significant setbacks across most of the markets globally, including the US, as macroeconomic challenges, ongoing conflicts, and uncertain market sentiments have taken a toll on investor sentiment. However, despite the subdued sentiment, the US continued to remain investors' favorite and accounted for the highest share of deal volume as well as value during Q1-Q3 2023," ...................... To view our full article Click here
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