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Laxman Pai, Opalesque Asia: The US startup ecosystem saw the announcement of a total of 1,137 venture capital (VC) funding deals worth $24.2 billion during the first quarter (Q1) of 2024, revealed a study.
According to the GlobalData report, this represents a decline of 49.1% in terms of deal volume and 35.7% in terms of value compared to Q1 2023. Despite a decline from the previous year, the US maintains its global VC funding landscape dominance.
In comparison, a total of 2,232 VC funding deals were announced in the US during Q1 2023, whereas the disclosed funding value of these deals stood at $37.7 billion.
However, the US was the top market globally in terms of both VC funding deal volume and value in Q1 2024. It accounted for a 27.8% share of the total number of VC funding deals announced globally during the quarter while its share of the corresponding deal value stood at 42.6%.
"The US has been experiencing a month-on-month fluctuating trend in 2024 so far with February experiencing a rebound in deal activity after months of decline and March again seeing a fall in VC deals volume and value. However, despite the fluctuations or decline, the US continues to dominate the global VC funding landscape," Aurojyoti Bose, Lead Analyst at GlobalData said.
Some of the notable venture funding deals announced in the US during Q1 2024 included $700 million worth of funding raised by Wonder, $675 million secured by Figure AI, $400 million worth of funding raised...................... To view our full article Click here
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