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Laxman Pai, Opalesque Asia:

A study pointed out that the value and volume of global venture capital deals declined during the first quarter of 2024.

According to S&P Global Market Intelligence data, the aggregate transaction value amounted to $71.57 billion from January to March 2024, representing a 2.37% decrease compared to the $73.31 billion total during the same period in 2023.

What's more, the number of transactions fell to 3,647 from 4,438, stated S&P.

Venture capital transaction value came to $19.80 billion in March 2024, a 40.2% drop from $33.09 billion in March 2023. The number of funding rounds declined 22.7% to 1,146 from 1,483 over that timeframe.

Sector-wise, the technology, media, and telecommunications sectors continued to dominate global venture capital investments in March, capturing the largest share of the value of funding rounds at 28.4%. The consumer sector followed, accounting for 25.1% of the total investment value.

Application software companies led investments in the technology, media, and telecommunications sectors with 436 private equity-backed funding rounds in March. Deal count was down from the 723 rounds recorded a year earlier. Systems software companies followed with 223 funding rounds.

Meanwhile, in the biggest funding round for the month, fitness clubs operator Equinox Holdings Inc. raised $1.80 billion in a round of funding co-led by new investor Sixth Street Partners LLC and existing investor Silver Lake Technology......................

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